pandadao

Chain Catcher news, PandaDAO announced on Twitter the official launch of the refund program, where every 500,000 $PANDA can be refunded for 1.258 ETH, with a total of 1805.17 ETH available for refunds. The logic of the refund contract is that the refund amount equals the amount of ETH in the contract / the total supply of PANDA. If someone requests a refund, the corresponding PANDA will be burned and can never be recovered, while the total supply of PANDA will also decrease.PandaDAO also stated at the end of the article, "If we had bought back all the ETH at $800, and launched a permanent E-based refund, perhaps it wouldn't have come to this. If we had discovered earlier that the buyback price ceiling was too high, terminated the buyback, and vetoed the proposal, perhaps it wouldn't have come to this. If we had achieved complete autonomy earlier, perhaps it wouldn't have come to this."Previously reported, on September 19, Panda, a core member of PandaDAO, tweeted that a community refund and dissolution proposal would be released, with the main reasons for dissolution being issues with the governance structure and DAO management. On September 24, the community refund and dissolution proposal of PandaDAO was passed with a support rate of 66.33%. (source link)

Chain Catcher news, Snapshot information shows that the PandaDAO community's refund and dissolution proposal has been approved with a support rate of 66.33%. According to the proposal, the 8 core members of PandaDAO and the community leader will destroy 50 million PANDA tokens and remove the Uniswap liquidity pool.In addition, all PEOPLE held by the PandaDAO treasury will be transferred to the PeopleDAO treasury, and other assets will be converted into approximately 1450 to 1600 ETH as refund funds. One week after the refund, the PandaDAO Discord server and all official social accounts will be deactivated and deleted.Chain Catcher previously reported that on September 19, Panda, a core member of PandaDAO, tweeted that a community refund and dissolution proposal would be released, with the main reasons for dissolution being issues with the governance structure and DAO management. (Source link)

Chain Catcher news, core member of the decentralized autonomous organization PandaDAO, Panda, tweeted that a community refund and dissolution proposal will be released. It will be published to Snapshot after today's audit is completed. All funds in the community treasury will be used for refunds. Panda stated that the main reasons for the dissolution are issues with the governance structure and management of the DAO. According to the introduction, PandaDAO raised approximately 1900 ETH on Juice Box and has also launched the NFT project Random Panda Club and the NFT trading protocol ERC721P. (Source link)

Chain Catcher news, the decentralized data development organization PandaDAO has completed the destruction of a total of 550 million PANDA Tokens, with a destruction value of approximately 2.75 million USD, accounting for about 30% of the total issuance.It is reported that PandaDAO aims to reduce the control of centralized institutions over information and to hand over people's information to the people themselves. At the same time, it attempts to make Work DAO a reality, produce more DAO products, develop more Web2 internet products, and liberate more Web2 human resources. (Source link)