Panana Finance Launches Closed Beta for Decentralized Trading of Cryptocurrencies and Real-World Assets

22 मई 2024 BACK TO NEWS

A New Era of Decentralized Trading

Panana Finance has unveiled its closed beta access, allowing users to trade both cryptocurrencies and real-world assets on its innovative decentralized exchange (DEX) platform. This launch marks a significant step forward in bridging traditional finance with the digital economy, offering a diverse range of trading pairs including cryptocurrencies, Forex, and commodities.

Empowering Traders: The Democratic Revolution of Panana Finance

Panana Finance distinguishes itself as a 100% community-owned project, free from venture capitalist influence. This democratic approach ensures that all decisions and new features are driven by the users themselves. By empowering traders, Panana Finance aims to create a platform that truly reflects the needs and desires of its community, making it a unique player in the decentralized trading space.

Revolutionizing Liquidity Provision

The platform employs a hybrid market-making model, merging institutional expertise with community-driven liquidity. This innovative approach is designed to provide effective liquidity across various trading pairs, catering to both seasoned traders and newcomers. By fostering a seamless trading environment, Panana Finance aims to enhance the overall trading experience.

Visionary Initiatives on the Horizon

Looking ahead, Panana Finance plans to launch a DAO-based token, enabling users to participate in governance. Additionally, the introduction of tiered NFTs linked to trading volume is set to offer exclusive benefits and rewards, further engaging the community and adding value to the trading experience.

Exclusive Closed Beta Access

The closed beta of Panana Finance is launching on the Arbitrum mainnet, with nearly 20,000 eligible traders from the Arbitrum ecosystem having the opportunity to claim one of 3,000 invite codes. Eligibility criteria include significant trading volume on Arbitrum perpetual DEXs or substantial deposits into the Hyperliquid Arbitrum bridge, alongside participation in Panana Finance's testnet.

Closed Beta Whitelist Criteria:

Users who have traded at least $50,000 on Arbitrum perpetual DEXs (such as GMX, Gains, Mux, and HMX) between January 1, 2024, and April 1, 2024.

Users who have deposited at least $5,000 into the Hyperliquid Arbitrum bridge before April 1, 2024.

Participants in the Panana Finance testnet.

Benefits of Joining the Closed Beta

Participants in the closed beta will gain early access to the platform and the opportunity to earn Panana Points through trading, achieving milestones, and referring new users. These points will offer future rewards and advantages, making them a valuable asset for early adopters.

How to Participate

Eligible users can check their status and claim invite codes on the Panana Finance website. Additional invite codes will be available through Panana's social media and community channels. Users who are unable to claim an invite code can still participate by following Panana’s social media accounts and joining the Discord community for more opportunities.

Conclusion

Panana Finance is set to revolutionize the decentralized trading landscape by providing a platform that combines traditional finance elements with cutting-edge digital technology. With its community-driven approach and innovative features, Panana Finance is poised to offer traders an unparalleled trading experience. The closed beta launch is a crucial step in realizing this vision, promising exciting developments for the future of decentralized finance.