Pandacoin (PND) originally launched back in 2014 as a Proof-of-Work fork of Dogecoin that transitioned to Proof-of-Stake three months later. As of May 17, 2021, Pandacoin performed a network upgrade that turned the project into a Proof-of-Work, Proof-of-Stake hybrid blockchain. Pandacoin is an independent blockchain with a focus on digital currency and Smart Contracts. To deal with the inflationary nature of both Proof-of-Work and Proof-of-Stake, transactions on Pandacoin feature a 100% burn rate, serving as a counter to inflation.

Pandacoin launched with no premine, and no ICO. Remaining true to the core values of cryptocurrency as a decentralised alternative to traditional finance.