Panther Protocol (ZKP)

What Is Panther Protocol?

Panther is the private, scalable infrastructure for the internet of blockchains. An end-to-end protocol that restores privacy in Web3 and DeFi, with a vision to connect all smart contract blockchains via a private metastrate.

Panther is currently building on Ethereum, Polygon, Flare, Near and Avalanche. Panther is developing a robust set of APIs, SDKs and custom integrations to allow builders to provide privacy features within their apps without needing a highly specialized team of cryptographers and privacy tech engineers to do so. We want to foster a private-by-default, decentralized ecosystem that unlocks the value that is currently uncommunicated between blockchains.

Panther Protocol Unique Features

zAssets, a new asset class that is interoperable, fully collateralized, and has privacy-preserving attributes. zAssets are minted by depositing allowed digital assets in Panther Vaults (think ETH -> zETH). zAssets are engineered to be DeFi-composable.

Multi-asset shielded pools, with the potential to bring privacy to a long tail of crypto assets, for which native privacy results impractical. Panther Pools reward users for helping increase the size of these Pools, providing a game-theoretic pricing model for privacy.

A Private Interchain DEX, likely the first of its kind, allows DeFi pioneers to bridge their assets privately, with low latency, low fees and capital efficiency across chains, taking zAssets wherever DeFi goes.

Selective and Zero-Knowledge disclosures: DeFi users and institutional traders need privacy, but also may need to voluntarily make selective disclosures of transactional data to a counterparty or Authority. Forward-thinking service providers and regulators may also accept Panther’s innovative zero-knowledge disclosures signed by certified Trust Providers, which prove to the verifier that a user is adhering to a certain ruleset without disclosing any underlying data. This concept alone could turn compliance on its head, solving the siloed data breach problems that plague the world and contribute to the fast erosion of user privacy.

Roadmap

Panther Protocol Token Economy

Token utility roadmap

In the early phases of the project, users will be able to use $ZKP bought on centralized and decentralized exchanges to pay for protocol fees. Users can also stake (and earn) $ZKP by depositing tokens into Panther’s Multi-Asset Shielded Pools, which also contributes to the size of the anonymity pool.

Panther will fund the Panther DAO and future Panther Improvement Proposals (PIPs) with a small portion of transaction fees decided by $ZKP token holders. Another feature arriving shortly after the MVP stage is $ZKP’s usage for compensating Trust Providers for providing attestations about users.

When fully deployed, Panther intends to deploy a Private Interchain DEX on each peerchain (integrated EVM compatible blockchains). In this context, zAssets will be used to keep multiple chains from becoming liable to inter-chain arbitrage. $ZKP could be used for paying various fees on the DEX given this possibility.

In a later phase, after the Panther DAO is created, governance decisions related to treasury management will move from the Panther Foundation to our DAO. $ZKP will be necessary to vote in the decision-making process of the DAO, featuring Quadratic Voting to diminish the voting power of “whales”.

Detailed Token Metrics

• Pre – Seed Backers: Amount Raised (USD) $1,513,005 –  Token Price: $ 0.03
• Sed Backers: Amount Raised (USD) $3,898,000 – Token Price: $0.06
• Private Sale 1: Amount Raised (USD) $1,376,000 – Token Price: $0.09
• Private Sale 2: Amount Raised (USD) $1,011,381 – Token Price: $0.12
• Private sale 3: Amount Raised (USD) $2,000,000 – Token Price: $0.20
• Total: Amount Raised (USD) $9,798,386

Starting on the 23rd of November, ZKP tokens will be sold via a Public Sale.

The Public Sale will develop as follows:

50,000,000 ZKP tokens will be offered in this round.

Each token’s price will range between $0.40-$0.60, depending on the vesting option.

Circulating supply: 93,017,608 ZKP tokens.

Circulating market cap at Launch: $40,927,747

Token Distribution

At the Genesis of our privacy protocol, we are faced with the titanic task of allocating our tokens fairly among our investors, founding team, and the community enthusiasts that will use and govern Panther.

We have decided that the following allocation is what best represents our principles and creates a healthy setup for all network participants:

The full details of the token allocations are as follows:

Public Sale + IDO(s): 5% of the total supply will be sold to the public with varying unlocking schedules, depending on the price paid per $ZKP. More info on this coming up very soon.

Private Rounds: 15% of the total supply was sold via pre-Seed, Seed and 3 subsequent Private Sale rounds. Through these private funding rounds, Panther has raised 10 million USD.

Foundation: 15% of the total supply will be reserved for the Foundation between General (8%), Reserves/Liquidity (5%), Education (1.75%) and Bug Bounties (0.25%).

Protocol Rewards: 45% of the total supply will be reserved by the Panther DAO for Protocol Rewards and Privacy mining incentives.

Founders, Team and advisors: 20% of the total supply will be issued to the founders, team and advisors, with a linear unlocking over three years. This allows Panther to continue hiring and retaining the best talent in the industry for years to come.

Token Release Schedule

The chart below showcases the token release schedule by token allocation type during a 144 months period (12 years), highlighting the long-term vision of the project.

The issuance of ZKP tokens will follow a sensible release that keeps the interests of all network participants aligned. Key stakeholders and project stewards are subject to long vesting periods for their tokens, ensuring long-term commitment to the success of the protocol.

Upon Listing, 9.3% of the total supply will be unlocked. By the end of month 36, 62.5% of the tokens will be in circulation. From there onwards, the remaining tokens will vest into the Protocol Rewards and General Foundation allocations.

Fundraising History

Below you can see how many tokens were sold at each previous fundraising stage.

149,117,231 ZKP (15% of total supply) have been sold in private rounds for a total of $9,798,386 raised. Pre-Seed and Seed backers are subject to the longest vesting schedules between investors (36 months), aligned with the team tokens, ensuring commitment to Panther Protocol and its governance. Pre-Seed investors are also subject to a conservative unlock percentage upon our Token Generation Event (TGE). Only 5% of all pre-Seed tokens will be unlocked on TGE vs 25% unlocked on TGE for the other rounds.

Advisors

Team Members

AU21 Capital, Titans Ventures, Ellipti, Alphabit Fund, Rarestone Capital, Genblock Capital, Protocol Labs, Exnetwork Capital, Master Ventures, A195 Capital, Arcanum Capital, Bigcoin capital, Deep Ventures, BlockARK, Shyft, Supra oracles, Kosmos Ventures, BaseTwo, NetZero Capital, DefiAnts Capital