PandaSwap's board system is a mechanism of DAO (Decentralized Autonomous Organization), which aims to allow the community to participate in important decision-making and give various rewards and benefits to token supporters.
To enter the board, you need to stake at least 100,000 PNDs. No less than 100,000 PNDs must be staked when you stake for the first time. After the first stake, subsequent stakes can be increased without an upper limit.
The weight of this pool will be higher than the PND lock-up pool.
Based on your stake amount, board members can vote on important community decisions, such as token economics, activity rules, and treasury usage. Only members of the board have the privilege of voting. For each voting topic, as long as the voting has not ended, you can vote multiple times and change your vote. Only the last vote will be your vote. The number of votes is always equal to the percentage of PND you staked. For example, after you vote, you choose to stake more PNDs to get more proportions, and your votes will automatically increase. Similarly, if you reduce the number of stakes, your votes will also decrease. Voting will not cost you any PND tokens, because your staked tokens only represent that you have voting rights. After each voting topic, you still own all the PND tokens, and you can always start voting on new topics using the percentage you own.
In the future, there will be various board pools for board members only. These mining pools include DEX profit sharing pool, ecosystem partner airdrop pool, donation pool, NFT revenue sharing pool, etc. There is no lock-up period for the board mining pool, and you can unstake at any time.
Early stage: all PNDs of the first sale revenue will be destructed, the handling fee (2.5%) and royalty (2.5%) of the second sale enters the PandaSwap board revenue pool
Later stage: PandaPunks holders vote to determine the use of the initial sale revenue, PandaSwap board members vote to determine the use of handling fees and royalty
Early stage: all ETH of the first sale revenue will be used by the team (for example: buyback PND, dividends to board members, etc.), the royalty (2.5%) from the second sale enters the PandaSwap board revenue pool
Later stage: PandaPunks holders vote to determine the use of all revenues(allowing proposals similar to "dividends to board members" to be voted)
If the stake is less than 7 days to unstake, a 50% PND handling fee will be charged;
If the stake is less than 30 days to unstake, a 40% PND handling fee will be charged;
If the stake is less than 90 days to unstake, a 30% PND handling fee will be charged;
If the stake is less than 180 days to unstake, a 20% PND handling fee will be charged.
When the number of PNDs you stake is less than 100,000, it means that you are no longer a member of the board.