On July 28th 2021, our community had a chance to welcome Mr.Andrew Zapotochnyi and Mr. Constantinos Antoniou – Head of Marketing and Head of Community of Panther Protocol to join in an AMA to give fruitful information about the key features and roadmap of Panther Protocol – an end to end protocol that enables a new, interoperable, private asset class called zAssets. Stablecoins, utility tokens and NFTs will all become infused with privacy.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, our guest directly greeted the community and provided detailed information on Panther Protocol as well as some key products and future plans.
Time: 10:00 PM (UTC + 7) on Wednesday, July 28th, 2021
Airdrop 100 USDT for the best questions in the AMA.
Below are some main points of this AMA:
CF: Today, it’s such a great honor to organize an amazing AMS session with Panther – an end to end protocol that enables a new, interoperable, private asset class called zAssets. Stablecoins, utility tokens and NFTs will all become infused with privacy.
Mr. Constantinos Hello everyone! Great to be here, the crypto Vietnamese community has been super supportive of Panther since day 1!
Mr. Andrew: Xin chào tất cả mọi người, cảm ơn vì đã có chúng tôi ngày hôm nay!
I’m the head of marketing at Panther Protocol. I’ve been in the blockchain space for the last five years and headed marketing at Ambisafe back in 2017, headed marketing at Propy.com, bootstrapped a couple of my own marketing blockchain-specific ventures. I also serve as an acting CEO at Blockgeeks.com, and I came up onboard of Panther Protocol as I’m big on privacy and human rights.
Mr. Constantinos: My name is Constantinos Antoniou, and I am handling all of the community aspects of Panther. I’ve been involved and Co-founded local communities in my country Cyprus. Organized a few conferences and I’ve been advising projects in terms of marketing and community. I was also the head of research at D-CORE, a crowdsourcing platform where we research and analyze Blockchain projects.
CF: Nice to e-meet you both. Are you guys ready? Let’s kickstart the AMA with part 1 – Overview questions
Question for Part 1- Project overview
Question 1: Can you briefly describe what Panther Protocol is and how it works?
Mr. Constantinos Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.
Panther is fully compatible with AML regulations globally through the use of the Panther Metastrate – a zero knowledge data layer that enables users to disclose all or some of their transaction history to parties of their choosing, either fully or through the use of zk attestations.
Question 2: What critical problems will Panther solve to increase users privacy while the other protocols cannot? What are your competitive advantages?
Mr. Andrew: Perhaps the biggest differentiator that Panther has over its competitors is its unique approach to compliance.
Other ‘Privacy’ networks do not provide privacy, instead they provide private solutions. Their users do not have the option to disclose information to 3rd parties like financial institutions, their accountant, or the tax department for compliance purposes.
Panther empowers DeFi users with full privacy, while also enabling them to provide different levels of disclosures for certain transactions.
Selective disclosures are the future of compliance, and the game-changer institutional users have been waiting for as it puts them in control, providing unstoppable privacy and freedom to share data with whomever they decide.
I think that this compliance factor alone has the major boost potential for our project as we’re talking about established and respected business organizations. And that, as we know, has a very positive impact on the adoption, as we know from the Bitcoin and Ethereum history.
Question 3: Could you please update some upcoming news or big events of Eggs Cash to the community?
Mr. Constantinos: Panther’s vision for the future is one where everyone using DeFi applications can do so in a private way but also has the necessary tools to remain compliant with their local regulations. We believe that in order to DeFi to reach its full potential and replace big parts of traditional finance (if not all) then users should be able to transact privately.
Towards the end of the quarter we are launching our MVP on Polygon and we are gearing up for a Public sale this quarter so if you are interested to participate please fill out the interest form https://share.hsforms.com/1NEKpcC84SFmK0fpd4sFoZQ8mifv
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1:1. Upon research I understood that Panther has a “Service Providers” feature that allows users to privately transact with their zAssets in a compliance-friendly manner. Can you explain this mechanism and what do you mean by “compliance-friendly”? @Aravind75154890
Mr. Constantinos: Service Providers are entities that provide applications which support private transactions of zAssets by Panther users. Optionally, they may also request to verify attributes of the users and their transactions, e.g. in order to satisfy regulatory compliance requirements, but this is not an implicit part of their role.
If the user is prepared to do so, they can voluntarily disclose attestations to Service Providers, thus establishing the trust relationship of a Service Provider towards a user of their service and allowing them to interact privately whilst reducing the risk exposure of the Service Provider.
Question 2: I read on your Roadmap, $ZKP token is going to be launched. However, it is an ERC20 token, and high transactions fees are still a problem on the ETH network. Do you have any plans like Cross-chain or Layer2 solution to solve this issue? If so, when will it be implemented? @tunumia020
Mr. Andrew: Indeed, transaction fees on Ethereum can get very expensive. We will launch our MVP on Polygon (formerly known as Matic) while the $ZKP token will be launched on Ethereum and use Polygon’s interoperable capabilities to bridge it over.
We chose Polygon because over the years it has demonstrated its incredible technical capabilities, it has very low fees which will allow the proper mixing of zAssets and of course there is a thriving DeFi ecosystem being developed there.
Question 3: Security is the most important factor of a project. I could not see any audit report of Panther protocol. Didn’t you think of auditing? If you are currently being audited or hope to conduct an audit in the future, will community be able to see the reports? @Jaki73364096
Mr. Constantinos: Security is our top priority. Users of Panther will be using the most secure privacy protocol for their assets. Panther development is guided by in-house security expertise. Our team has over 40 years of cumulative expertise in security, and have worked on securing some well known protocols in this space. The smart contract stack will be fully audited by industry-recognized security researchers prior to launch, and of course the community will be able to to check them out 😊
Question 4: As far as I know, strong backing and partnerships in the crypto market might bring huge benefits to new projects. During this point, can you reveal some of the investors and partners of Panther Protocol ? Are you going to be into some other strategic partnerships in the future? @HarleyHley119
Mr. Andrew: You are right; strong investor backing and partnerships are key to the success of any project. The last private round was a big success for us; we raised $8+ million to develop Panther, but we solidified the strategic backing from investors such as A195, Rarestone Capital, AU21 Capital, and Titan Ventures name a few.
In terms of partnerships, we have an extensive pipeline that we will continue to announce. Recently we have announced the partnership with Flare Network and StackOS to deploy Panther’s privacy solution to their respective networks, expanding our interoperability.
Our latest partnership with Vegaswap is also very important as Vegaswap will list the Panther Token, $ZKP, on the exchange and Panther will include Vegaswap in its Treasury Management. In addition to integrating into the Vegaswap platform and MetaMask API, Vegaswap will act as a Privacy Miner for Panther.
There’s quite a bit of partnership will be coming out in the next couple of weeks, but we just can’t disclose them now until they’re final and signed.
Here are just two latest announcements we’ve pushed:
Question 5: I saw that Panther Protocol uses both zero-knowlege proof and game theory as mechanisms to provide privacy. Can you tell us more about this? How can this mechanisms help you achieve the goal of privacy in your platform? What are the advantages of using both of them? @_live_defareint
Mr. Constantinos: Zero-knowledge proofs, for the first time in history (and this includes pre-digital history), allows you to prove something, like your age, without revealing any other information such as your name, date of birth or nationality.
Minimum disclosure is the result. It is still a small privacy leak, but it is sufficient and measured and allows you to establish that trust relationship with your counterparty.
Privacy at a fair price – This is the final piece of the jigsaw; the setting of a price. Privacy and trust are currently reserved for the uber-rich in our world. With the Panther Protocol governance mechanisms, privacy is priced by the transaction, not by the transactor where both powerful and puny can avail of the same protections.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1: Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?
Mr. Constantinos: $ZKP is an ERC20 token and it is the fuel for the protocol. It has a finite supply of 1 Billion tokens which is expected to reach it over a 12 years time-frame. The initial supply will be approximately 11% of the total supply.
It has multiple uses within the Panther ecosystem such as:
Pay for fees within the ecosystem.
Voting on Improvement proposals.
Represents a right to participate in Panther governance.
Secure the interchain private DEX LP vaults.
We are gearing up for a Public sale this quarter so if you are interested to participate please fill out the interest form https://share.hsforms.com/1NEKpcC84SFmK0fpd4sFoZQ8mifv
Question 2: Do You Have Whitepaper? If Yes, and Secondly Do You Have Plan’s For Pre-Sale? Then Where Can I Join it? Can I Have The Link Of Your Whitepaper?
Mr. Constantinos: We do have a whitepaper and we particularly proud of it 😁 Here is the link: https://docsend.com/view/tbz99g285hbnn8ic
The document covers notions of privacy, the importance of on-chain privacy, the privacy vs. compliance dilemma and many more. Enjoy 😊
Question 3: My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal – especially non-crypto people?
Mr. Andrew: In the long term, we see a big potential in helping newcomers (both institutions and people) be private first. We believe that Panther Protocol will be serving a broad audience by letting them keep their crypto assets away from the 3rd party eye.
We believe that the same way you want your bank account to be private, you want all your digital assets, NFTs, and basically, any blockchain data not to be disclosed by default.
Question 4: Is your project fully decentralized? There i see many projects claiming to be fully decentralized but they done their work in centralized club. How can we sure that you are fully decentralized?
Mr. Constantinos: Panther’s governance mechanism is aimed at decentralisation to the fullest degree over the course of evolution of the protocol. The aim is to implement mechanisms such as quadratic voting, so that community preferences are fully expressed. The roadmap of the protocol includes staged deployment which allows transitioning of the governance from an initial centralized model to a fully decentralized one, a common approach in this industry. The decentralized autonomous organization (DAO) would ultimately have the ability to develop and accept improvement proposals, voting proposals shall implement mechanisms which reduce the chances of governance capture.
Question 5: How many partners are there in Panther? And the benefits that these partners bring to Panther and vice versa?
Mr. Andrew: We have more than 100 partners and strategic investors helping us with different areas – strategy, funding, marketing, and community. I think that this is an impressive result for the project that is still making its way out to the public, and yes, we’re still early on here.
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Telegram Vietnam: https://t.me/pantherprotocol_VN