"Old Cat Testing 3C | Raised 1.8 Billion but Got Delisted, PandaCoin Resurrected! Bibox Ends Partnership, Will ACE Make Another Move?"

This article is authorized to be reprinted from "Lao Mao Tests 3C", written by Josh Lu Zijian. The original article is titled "Will Panda Coin Return to Glory or Harvest Another Round of Investors? ACE Exchange is About to List".

In the tail end of the ICO frenzy in 2018, Panda Coin emerged, raising a total of 600 million Panda Coins through public offering of 400 million coins and private placement of 200 million coins. The public offering price was approximately 1 yuan per coin, calculated in New Taiwan Dollar, while the private placement price was around 4 yuan per coin. The project attracted a total of 1.8 billion New Taiwan Dollars and the public offering had to end prematurely due to overwhelming demand. Despite the attention it garnered, the project was delisted by the Coinsuper exchange in June 2020, and currently there is no exchange where Panda Coin can be traded. What went wrong with Panda Coin that caused its price to plummet and eventually led to a complete delisting from exchanges? Let's examine the situation.

Panda Coin Highlights Review

Panda Crisis Movie

Claimed to be a collaboration with the godfather of New Zealand and Australia cinema, Timothy White, the original animated movie "Panda Crisis" ended without progress. The last update in May 2019 only provided a 1 minute and 17-second preview, and there has been no further news since then.

Panda Coin Secured Credit Card

Collaborating with Cuallix International Financial Group, Panda Kingdom issued the Panda Coin co-branded credit card.

At the press conference, the cute and richly designed Panda credit card looked completely different in users' hands, with all Panda elements removed and unable to be used. It seemed more like a membership card.

Office Panda Mobile Game

Under the diversified IP management strategy, the originally planned Office Panda mobile game, with its preview full of adorable pandas, has yet to be seen on the shelves in 2019.

Panda Smart Ice Cream Vending Machine

A smart interactive media service terminal that integrates consumption, entertainment, and financial management, this ice cream vending machine mainly sells packaged ice cream. In addition to the characteristics of a typical vending machine, it can also sell popular toys, offer VR photo entertainment, advertising media, and other additional functions. However, there has been no news after the investment phase.

Panda Coin Listed on ACE Exchange

Due to delays in various key projects leading to a drop in the coin price? Here, we maintain a reserved attitude, not ruling out artificial dumping causing a collapse in the coin price. By June 2020, the price of Panda Coin had dropped to 0.01 TWD. If you participated in the private placement, the decline has already reached 100 times. Meanwhile, CoinTrust also announced the delisting of Panda Coin, leaving Panda Coin holders with nowhere to liquidate.

The value of a currency lies in circulation. The more people use a currency, the more valuable it becomes. Currently, the most valuable currency is the US dollar, with the largest circulation globally, representing global trust in it. Therefore, the US dollar will not experience a drastic plummet. The same principle applies in the world of cryptocurrency. The decline of Panda Coin is not unreasonable; losing the exchange for Panda Coin is a major negative for coin holders.

Currently, ACE's plan to list Panda Coin has given coin holders a glimmer of hope, providing a public and convenient trading venue for the currency. Whether the coin price can revive depends on the project's subsequent actions. If all the above key projects can be realized one by one, providing new progress, it is believed that people in the market will gradually regain confidence. With confidence, at least they will not sell off, and some may even be willing to buy and hold. Therefore, it ultimately comes down to the project itself. Will it return to glory or harvest another round of investors? Let's wait and see.

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