💡Abstract

There is a crisis occurring in the social networking world. Surveillance, algorithm manipulation and censorship are infecting the web at unprecedented levels. For the first time in history, millions of users are abandoning traditional, centralized social apps in favor of freedom-based alternatives. Alongside this mass migration, blockchain technology and other decentralized solutions are rapidly entering the mainstream.

The fusion of crypto and social applications is both inevitable and essential to the continued healthy evolution of social media and the Internet itself. The purpose of this paper is to provide an overview of Panda, a leader in this mass Internet migration and free software movement, and to introduce the BNB token, an BEP-20 utility token that will be issued on the Binance blockchain. In the Panda contribution economy, users and developers will be rewarded for a variety of contributions to the network including generating high quality content, account setup and verification, referring new users, maintaining an active channel, finding bugs, successfully submitting code and more.

Tokenized rewards provide the key incentive to help foster a richer and more rewarding user experience, and the growth and long-term sustainability of the network. tokens will be immediately usable upon receipt on day one. They will be required for use of the application through immediate integration into Boost, a transparent and blockchain-based ad network, and Wire, the Panda peer-to-peer payment system.

Both Boost and Wire will leverage smart contracts to enable the autonomous exchange of digital media and services for crypto-tokens, creating a radical shift in how social networking ecosystems and marketplaces operate in the 21st century.