Panther Protocol is pleased to announce that over 140 investors have successfully concluded their private sales, the accumulative net cap of which is 8 million dollars. It highlights the significance of privacy in theDeFi-industry.
Panther Protocol is an interoperable solution in the purview of the demands of decentralized financial traders and investors as the DeFi users have to face active monitoring and economic espionage because of the transparent and immutable character of public blockchains.
Privacy in the case of conducting transactions is particularly highly demanded. It is due to the reason that it allows the retailers, whales, and the users to safeguard their competitive advantages, as it doesn't allow their adversaries to copy their tactics and strategies. Traders lose their alpha in DeFi incredibly fast, and one of the highest value proposals of Panther is aiding traders to protect their alpha.
Panther Protocol helps the users to use the private assets known aszAssets, which is a private synthetic of any digital asset - like zBTC, zETH, and zUSD. Users deposit their digital assets into a wallet and get zAssets into their Panther Wallets. Such zAssets can be routed privately through DeFiwith the help of the Panther network.
Selective private disclosures are a potentially promising characteristic of Panther, which could serve as a game-changer that resolves privacy and compliance problems. In addition to enabling users to go completely private, multiple levels are provided to choose from regarding the degree of disclosure one wants.
One of them is known as the Zero-knowledge disclosure. It is known for proving compliance without the provision of any data. The disclosure uses the Zero Knowledge Proof technology and the trust of the providers. With the help of these setups, a peculiar decentralized setup has been established, which ensures privacy and trust. It has allowed the users to enter into DeFi without taking care of the two major hindrances for international exposure and Defi, which are compliance and privacy issues. Now the users can transact without disclosing any information about the receiver, sender, amounts, metadata, so on and so forth.
Panther Protocol CEO and co-founder Oliver Gale claim that:
“We believe zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private. Stablecoins, utility tokens, and NFTs will all become infused with privacy. Institutional DeFi and Web3 require privacy to scale and disrupt legacy systems. Our entire team is thrilled with the overwhelmingly positive response to our value proposition. These successful fundraising rounds allow us to expand a growing team of rockstars in cryptography, technology, and product."
More than 140 VCs and players from the ecosystems participated in the private round, which shows the growing acceptance of DeFi privacy.
Firms from around the world such asMaster Ventures, Rarestone Capital, Moonwhale, DeepVentures, Ex Network,Alphabit Fund, MarketAcross, Nextgen, Insignious Capital, AU21, Protocol Ventures, EscolaCripto, Titans Ventures, Ellipti, BlockArk, A195 Capital,Kosmos VC, Aquablock, GenBlock Capital, Arcanum Capital, LunarStation, DutchCryptoInvestors, CSP DAO Network, Defiants, Netzero, Black Dragon, Berezka DAO, Skynet and BaseTwo were some of the early participants.
Panther Protocol would launch a public sale in Q3, following these successful private rounds. More information will be provided on public sales by the official social channels.
About Panther Protocol
The Panther Protocol is basically an end-to-end privacy protocol, which is focused on DeFi. The users of Panther Protocol are provided with a completely collateralized private asset known as the zAssets. It leverages the zkSNARKs technology and game incentives which make the users feel private and compliant in a purely friendly manner. Users can store digital assets on Panther wallets from all blockchains and use their zAssets across DeFi to draw zero-knowledge zAssets.
The founders of Panther Protocol are Oliver Gale, who is a serial entrepreneur and CBDC pioneer, and Dr. Anish Mohammed, who is a cryptographer, Protocol Architect of various notable projects, and Zero-Knowledge Proofs guru. He has also served as an early advisor to Ripple and has been one of the reviewers of the Ethereum Orange Paper.
For further information about Panther, please visit https://pantherprotocol.io/
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2021-06-02 10:58:23
