Token Utility

The native cryptographically-secure fungible protocol token of the PANDAZ ecosystem (ticker symbol $PANDAZ) is a transferable representation of attributed utility functions specified in the protocol/code of the Pandaz ecosystem, and which is designed to be used solely as an interoperable utility token thereon.

PANDAZ is a functional multi-utility token which will be used as the medium of exchange between supporters of the PANDAZ ecosystem in a decentralized manner. The goal of introducing PANDAZ is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the PANDAZ ecosystem without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. PANDAZ does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will PANDAZ entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Canada, Singapore or any relevant jurisdiction. PANDAZ may only be utilized on the PANDAZ ecosystem, and ownership of the same carries no rights, express or implied, other than the right to use PANDAZ as a means to enable usage of and interaction within the PANDAZ ecosystem. The secondary market pricing of PANDAZ is not dependent on the effort of the PANDAZ early contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, PANDAZ provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Pandaz ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. PANDAZ are an integral and indispensable part of the Pandaz ecosystem, because without Pandaz, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the PANDAZ ecosystem. Given that additional Pandaz will be awarded to a user based only on its actual usage, activity and efforts made on the Pandaz ecosystem and/or proportionate to the frequency and volume of transactions, users of the Pandaz ecosystem and/or holders of Pandaz which did not actively participate will not receive any PANDAZ incentives.