What is panKUKU (KUKU)?
panKUKU (KUKU) is a Decentralized Exchange (DEX) that aims to offer a One-Stop DeFi platform for it's users. KUKU is a Hyper Deflationary Rewards Token running on Binance Smart Chain (BSC) BEP-20. It's most unique feature is the token's utility as a payment method on their own e-commerce platform; KUKU SHOP
KUKU is the native token that is used for:
- Staking
- Minting NFT's
- Playing the Lottery
- Payments on KUKU SHOP
KUKU products include:
- KUKU SWAP (an Automated Market Maker)
- Farms (Stake LP tokens to earn KUKU)
- Pools (Stake KUKU for High Yield)
- KUKU LOTTO (a Barter Lottery)
- NFT Marketplace (Mint and list NFT's)
- KUKU Shop (E-Commerce platform, pay with crypto)
Future Products planned for 2022: KUKU Wallet, KUKU Play, Predictions and a Launchpad
Who are the Founders of panKUKU?
panKUKU was founded in November 2021 by Nigel Hupsel from Paramaribo, Suriname. He is also the CEO of panKUKU LLC based in Wyoming USA. The main team is located in Paramaribo, Suriname and there are several sub teams located in USA, India and The Netherlands.
Nigel owns multiple businesses and has a background in Business Engineering, Tech Infrastructure, E-Commerce and Logistics. His educational background stretches from majors in Information & Technology to Business Administration. In Suriname he is known as an educator and entrepreneur of the crypto dimension. All other prime team members are business owners and have knowledge and experience for maintaining a successful company.
What makes panKUKU unique?
Inspired by the renowned Pancakeswap (CAKE), the team set out to create a DEX on BSC which aims to provide various products to enable constant user attraction. Furthermore they developed a E-Commerce platform with a unique utility to pay with the KUKU token for a wide-range of goods from Online Stores like Amazon.com, Bestbuy.com, Walmart.com and other famous US online shoppingsites; offered as a "Drop Shipping Service". Having the experience and know-how in the Blockchain and E-Commerce world, the team created a unique opportunity to bridge logistics, payments and security between these two worlds.
Other unique features of the KUKU token are:
- No minting of new tokens (capped forever)
- A Burn System (automated & manual)
- An Anti-Whale Function
- Automated Rewards to holders
panKUKU claims their mission is creating an everlasting crypto Eco-System by delivering and ensuring Trust, Dedication & Quality. They aim to provide a structural Social-Economic environment through a legitimate payment and charity system in Suriname and the region. Furthermore they're contributing to crypto awareness, on government and public level, with their educational program for pushing the boundaries of cryptocurrencies as a regulated payment method for everyday goods and services.
Why choose Binance Smart Chain (BSC)
BSC uses the The Proof-of-Staked-Authority (PoSA) mechanism to achieve Network Consensus and maintain Blockchain Security. PoSA, as applied by the network, is a combination of Delegated-Proof-of-Stake (DPoS) and Proof-of-Authority (PoA). Furthermore, staking models are more environmentally friendly and support faster block generation.
Other BSC advantages mentioned are:
*Transaction Speed - BSC is currently one of the fastest smart contract platforms. *Low Gas Fees - It currently costs an average of 5 Gwei to process a transaction on BSC, which is far cheaper than the 40 Gwei charged on Ethereum. *Cross-Chain Compatibility - Not only is BSC compatible with Ethereum virtual machine (EVM), it also supports pegged coins from several other blockchains allowing users to create several tokens to use on the network. *EVM Compatibility - Choosing to fork the Geth Ethereum client makes BSC more familiar to Solidity developers. *Credible Platform and Company - Binance is one of the most popular exchanges, and its credibility is shared across all its platforms, including the BSC. The exchange also plays an important role in the PoSA consensus by vetting all validators on the network, ensuring that the blockchain is secure and reliable.
To read more about panKUKU, head over to https://pankuku.gitbook.io