What did PandaTool do right in creating the first coin issuance platform on the entire network?

CN
1 year ago

Recently, the leading Web3 toolbox PandaTool announced on X social media that it has launched a Solana market value management robot, making it convenient for users to conduct batch transactions. This is the third tool launched by PandaTool in the past half month. The frequent upgrades demonstrate PandaTool's keen insight into market demand and strong research and development capabilities.

As a highly anticipated Web3.0 toolbox, PandaTool has gained wide recognition in the blockchain industry. In just one year, it has become the most powerful one-click token issuance tool on the entire network. It seems difficult to find other examples of such achievements besides PandaTool. So, what exactly has enabled PandaTool to grow so rapidly? Let's delve into its growth journey and find the answers.

Optimizing User Experience, Highlighting Differentiated Advantages

In the fiercely competitive market of one-click token issuance platforms, why has PandaTool been able to stand out? This is due to PandaTool's continuous efforts to optimize user experience and continuously improve its technical capabilities, achieving platform differentiation.

Initially, PandaTool only supported token creation on EVM chains, and the token issuance templates were limited. Compared to other platforms, PandaTool did not have obvious advantages, and it did not even have functions such as batch aggregation and market value management. However, PandaTool continuously introduced new features, expanded to new chains, and sought to create products different from other platforms, embarking on the path of differentiation.

At the end of 2023, with the rapid rise of the Solana ecosystem, PandaTool was the first to launch a one-click token issuance tool for Solana, becoming the first platform in the entire Chinese Web3 world to support token issuance on Solana. Although the functionality was simple, with the first-mover advantage, it quickly attracted a large number of users and gained a good reputation. Subsequently, PandaTool successively launched Solana pool burning tools, low-cost ID creation tools for Sol, and batch transfer tools for Sol, all of which played an important role in the development of the Solana ecosystem and user experience. Recently, PandaTool has even launched the first Solana market value management robot, achieving the goal of leading in technology and products.

If the differentiation of Solana tools from other platforms is not particularly obvious, then the token issuance template for BSC can be said to be completely different from that of its competitors. Compared to its competitors, PandaTool has obvious differentiation in the token issuance template on the BSC chain. Over the past three months, with the continuous popularity of the BSC market, from ATM to 314, PandaTool quickly followed suit and introduced unique token issuance templates such as Mint, Mint+ pool burning, and the 314 protocol, becoming an advantage that other platforms do not possess.

As the product manager of PandaTool said, "In the fiercely competitive market and severe product homogenization, PandaTool adheres to a differentiation competition route, demonstrating strong competitiveness with obvious product advantages."

Emphasizing Security, Establishing Risk Awareness

It is well known that the development of many Web3 tools is closely related to the launch version and liquidity management. There are numerous presale platforms in the market. Why is this the case? Because presales can quickly obtain funds and store them, which is conducive to escaping the positioning of the tool and using TVL to estimate value.

However, PandaTool has not developed any presale products to date, including tools related to liquidity management. When the author inquired about the reasons, they did not say much, but mentioned two words: risk.

It is speculated that PandaTool believes that fundraising tools like launch versions carry risks. If security cannot be guaranteed 100%, the attitude of being responsible for user assets will be questioned. The same goes for liquidity management. PandaTool is also reluctant to easily get involved in tools that can control user authorized funds, as it may bring unexpected risks.

From the token issuance template, we can also see that PandaTool's token issuance template does not have the authority to increase Mint. Token inflation may lead to users increasing and selling at any time, which may also bring risks. Rejecting risks and embracing security is the cornerstone of PandaTool's survival and development in the industry.

Creating an Atmosphere, Building a Learning Community

All one-click token issuance platforms aim to meet the needs of novice users and simplify the operation process. To this end, each platform provides detailed tutorial documents to help users learn and grow. However, PandaTool believes that documents can only solve 60% of the problems, and the remaining 40% requires human assistance. Therefore, they have established a learning community.

In the community, any user can ask questions, from installing the Metamask wallet to creating liquidity, from the difference between DEX and CEX to the characteristics of different public chains, and can receive answers from volunteers. Although it cannot be guaranteed that there will be someone online 24 hours a day, even when volunteers are resting, other members will spontaneously answer questions. When newcomers grow into experienced users, they will also help newcomers solve problems, creating a good learning atmosphere.

Perhaps to PandaTool, helping users integrate into the Web3 world is more meaningful than anything else.

Leading in Technology, Actively Deploying on Cutting-edge Public Chains

Although in terms of product features and token issuance templates, PandaTool is already one of the most comprehensive and diversified platforms, this is still far from enough. Actively exploring new markets, new technologies, and new public chains is a concept that PandaTool has always adhered to.

At the end of 2023, PandaTool became the first tool in the Chinese circle to support one-click token issuance on Solana. By April 2024, PandaTool became the first platform to support token issuance on the TON chain.

Solana and TON chains are different from EVM-compatible chains. These public chains use different code languages and logical architectures, supporting non-EVM chains, which means that learning new languages and programs is required. This is a challenge for many platforms because of the high learning cost and uncertain return.

However, PandaTool has not given up on exploring new chains and languages. By supporting more public chains and functions, it aims to meet the needs of different user groups.

In summary, with its differentiated positioning, strong risk awareness, leading technological capabilities, and active construction of a learning community, PandaTool has rapidly risen to become the strongest Web3 tool in the Chinese circle in just one year. It is hoped that PandaTool will continue to develop globally in the future and disseminate blockchain knowledge to more users.

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