Headquartered in Singapore, Mars Panda serves to disrupt the gaming industry by empowering gamers’ access to the entire virtual world.
Mars Panda was founded in 2020 by Mr. Kevin Pang, Chairman of the
Singapore SGTECH Blockchain Committee, Global Board Member and
Director of Membership, ASEAN Chapter Co-Lead, Global Impact Fintech Forum, and Founding Board Secretary of the Blockchain Association of Singapore. Kevin is a blockchain expert who has been actively involved in various fintech and payment projects in Asia and with extensive experience in cross-border payments. The team behind Mars Panda brings a collective experience of over 50 years in the gaming, payments, and cryptocurrency space with the passion to revolutionize the next generation of blockchain gaming.
Mars Panda is one of the few blockchain projects globally that try to follow regulations. As such Mars Panda commissioned Legatus Global Pte Ltd, an entity that obtained regulatory exemption under PSA to issue, distribute n sell the MPT. Monetary Authority of Singapore Link
What is Singapore Payment Services Act (“PSA”) Click Here
It is a complete eco-system which consists of:
We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform.
Coupled with our vision of “Play with the world”, the Mars Panda platform will be building a Non-fungible Token (NFT) ecosystem in the product roadmap including a consumer-friendly NFT marketplace with an in-built digital wallet, allowing users to purchase NFT easily. Under the Mars Panda ecosystem, there will be developers’ tools for users to issue their NFTs.
Non-fungible tokens, commonly known as NFTs,
are special types of cryptographic assets on blockchain
with unique identification codes and metadata that
distinguish them from each other. This differs from
fungible tokens like crypto-currencies, which are similar
to each other and, therefore, can be used commonly as
a mode of transaction. The market for NFT has grown exponentially ever since the Cryptokitties craze, growing
from roughly USD$210million in 2019 to an expected USD$710million this year in 2021!
In this ecosystem, Mars Panda Credit (MPC) is the internal currency for the
ecosystem of Mars Panda. In this ecosystem, assets like in-game virtual assets and items are priced in MPC. For MPC to interact with the off-chain physical world, it interacts via the token, Mars Panda Token (MPT). MPT in itself does not have value, except to facilitate the utility function of swap between MPC and the value of tokens outside of the ecosystem.
This is done through a dynamic exchange rate between MPT and MPC. A decentralised liquidity pool will be created, having both MPT and MPC in the pool. Users can deposit MPT within the pool to facilitate exchanges. MPC is priced dynamically to MPT.
The liquidity pool will be one focal support of the Mars Panda platform.
It will be maintained by a multitude of sources to ensure sustainability and longevity. Revenue from these sources will be channelled back, in part or whole, into the liquidity pool.
Mars Panda is an all-in-one aggregation blockchain platform built on Binance Smart Chain (BSC) that allows users to:
With this growing digital society, Mars Panda has identified the emergence of blockchain technology will not only increase trust but also protect intellectual property. Digital goods are now not stored on private servers but on the blockchain. Players have total control of their assets through progression, gameplay, or purchase, reducing the risk of theft of their assets.
Through Mars Panda, developers save intermediary costs such as retail margins and currency conversion fees, which results in a better ROI for their efforts as creators. Mars Panda will create a level playing field and ultimately grow a vibrant online gaming ecosystem.
Gaming companies hold in-games assets on their own centralised servers to prevent illegal duplication and cheating. If a player owns a sword, gun, or car in a game, the digital asset was in their account. However, this asset sits on the servers of the specific game’s publisher or developer, trading within the publisher’s marketplace’s rules and regulations. This greatly presents an obstacle for players who wish to trade assets outside of games, a practice that was normalized since the release of World of Warcraft. Without the ownership of their virtual assets outside of the game, players are forced to use unconventional markets and trade hubs, with no safeguards and guarantees, exposing themselves to fraud and cybercrime.
With the rise of connectivity, there is an increasing number of users who are devoting a significant amount of time and energy contributing to the online community. Many often, they are given recognition through non-monetary means such as ranking and badges with the monetary benefits going
to the game providers.
Mars Panda believes this model can be changed to distribute value across the entire system, aspiring towards an active, fair, and transparent gaming community.
Small-scale game studios which have innovative ideas and strong creative teams often lack operational effectiveness. Their focus on their core business of game development leads to dependencies on external service providers. This often comes with a hefty price tag. Today, developers pay an inordinate amount of the revenue just to distribute their games, let alone market them. For example, gaming developers pay 15-30% of profits to Google Play and Apple’s App Store. In extreme cases, like China, developers who want nationwide distribution pay anywhere from 20-80% of their revenue. Furthermore, now that mobile games are mostly free-to-play, small developers are left with very little revenue to do any additional marketing, to pay their normal overhead, invest in new IP, and are becoming less able to recoup the requisite development costs and stay profitable.
• Monetisation of their gaming spend
• Immutable database of online gaming results
• Platform for gamers member search and interaction • Medium for gamers to exchange economic value
• Additional revenue stream for game developers by allowing them to take a fractional cut of online gaming
• For new games, support will be provided to onboard games, allowing a wider gamer community reach
Mars Panda Academy
• Introductory and intermediate courses to cryptocurrency
• Guide on using various CEX and DEX
• Risk management
• Trading Courses
• Trading strategies, emotion and portfolio management
According to Newzoo Global Mobile Market Report 2020, the global mobile gaming market is expected to grow by 26.8% year on year amongst which the Asia-Pacific is anticipated to hold the largest market share in the gaming industry. Mars Panda with its headquarters in Singapore will focus on 3 key markets in China, Japan, and South Korea for expansion.
A total supply of 88,888,000 MPT will come into existence.
• 20% of MPT will be distributed to initial investors
• 10% to the founding team
• 15% of MPT to Mars Panda Foundation
• rest of the 55% will be through liquidity mining activities
$0.70 – $1.40
72% – 86% Savings
Pancakeswap Listing Price
Mapping Our Trajectory
*Binance partnership is facilitated via Legatus with Binance Pay.
Liquidity Mining or "Yield Farming" is a term in Decentralised Finance (Defi) where users supply liquidity to decentralized financial applications and receive rewards for doing so. Most Defi applications are decentralized by replacing order books with an Automatic Market Maker (AMM), a smart contract that regulates trading. The AMM collects fees and grants them to each liquidity provider (LP) as a reward. For example, users who provide liquidity to the SUSHI platform were rewarded with SUSHI coin that has outperformed the market and expected to hit higher highs.
Non-fungible tokens, commonly known as NFTs, are special types of cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. This differs from fungible tokens like crypto-currencies, which are similar to each other and, therefore, can be used commonly as a mode of transaction. The market for NFT has grown exponentially ever since the Cryptokitties craze, growing from roughly USD$210 million in 2019 to an expected USD$710 million this year in 2021
In April 2019, Binance launched its own blockchain project, Binance Chain. One of the first use cases of Binance Chain is Binance Dex, which is also the biggest decentralized application on the blockchain. It aims to leverage the benefits and security of decentralized exchanges and combine it with the best features from Binance exchange. However there were limitations to Binance Chain, it did not have much functionality and flexibility. Therefore plans for a separate blockchain, Binance Smart Chain (BSC), was unveiled in April 2020. BSC was officially launched 5 months later in September of 2020, it runs in parallel to the Binance Chain rather than replacing it. The goal is to continue having high throughput on Binance Chain while introducing smart contract capabilities on BSC.