Recap of the Panther Protocol AMA with Blockchain Space
On Friday, October 22nd, we had the pleasure to welcome to our Telegram chat:
Andrew Zapotochnyi, The Head of Marketing at Panther Protocol, and
Constantinos Antoniou, The Head of Community at Panther Protocol.
We asked them questions about the development of Panther Protocol.
INTRODUCTION
Q~ Thanks for joining us today. Please start off by introducing yourself to the Blockchain Space community and your role in the team ?
A~
Constantinos : Hi everyone! My name is Constantinos Antoniou, and I am handling all of the community aspects of Panther. I’ve been involved and Co-founded local communities in my country Cyprus. Organized a few conferences and I’ve been advising projects in terms of marketing and community. I was also the head of research at D-CORE, a crowdsourcing platform where we research and analyze Blockchain projects.
Andrew : I’m the head of marketing at Panther Protocol. I’ve been in the blockchain space full time for the last five years and headed marketing at Ambisafe back in 2017, headed marketing at Propy.com, bootstrapped a couple of my own marketing blockchain-specific ventures. I came up with the Digital Independence Declaration idea (digindec.com) that brought me to Panther Protocol.
Q~ What is Panther Protocol ?
A~ Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions a clear path to compliantly participate in digital asset markets.
Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.
Q~ What are the advantages you have over your competitors ?
A~ The first wave of players in the blockchain privacy space went to the other (extreme) side of the spectrum and provided users with absolute privacy. That approach also proved to be far from ideal, as it harbored money laundering schemes and other illicit activities, which is just as problematic for institutions and compliance practitioners as radical transparency.
Panther Protocol differentiates itself by proposing a balance between privacy and compliance that gives users a choice to transact privately, while also being able to voluntarily disclose transactional data with select counterparties and trust providers. It also offers a novel type of financial disclosures called Zero Knowledge, where users can prove they are compliant without having to actually provide any underlying data. This technology could turn the compliance industry on its head and provide an end to the data breach nightmares that plague modern societies and cost institutions billions of dollars every year. This is a huge deal if you want to be institution / government / tax-friendly, while not losing sight of the privacy preferences of end users of financial services.
QUESTIONS FROM BITCOINTALK
Q~ 2021 was a big year for Panther, with the protocol signing multiple partnerships with top projects, can you highlight some of these collaborations, and what do we users stand to gain from them?
A~ Our BD department has been on a roll the past few months and managed to secure partnerships with some of the best L1 networks in the industry, traditional cybersecurity giants and supporting partners!
In recent weeks we have partnered with Kudelski Security, NEAR Protocol, Polygon, Elrond and BUMPER.
Q~ Your concept of anonymity is welcoming. But when two people what to transact with panther protocol, how will they verify each other anonymously.
Will there be a kind of privacy key both party need to complete the transaction?
A~ Lets answer this question with the example of a zAsset, in this case zUSDC. Given a user that wants to obscure the transaction history of their USDC by turning it into zUSDC, they would:
1.
- Deposit their USDC into a Panther Vault.
- Vaults are smart contracts that lock the tokens as collateral.
- A corresponding amount of zUSDC will then be minted within the Panther Pool.
- Our pool, in this case, helps users shield their funds to obscure transactions, incentivizing users to add to the pool to support this process.
- The users would see their balance of zAssets from the Panther wallet, a unique wallet with privacy features.
2.
- The user would now be free to transact with or privately transfer the zUSDC in any way they wanted to.
- The wallet will allow them to redeem zUSDC for the underlying USDC into a new stealth address generated exclusively for them.
- They may also deploy any of their USDC into DeFi protocols that accept it.
- At the time of accessing the underlying USDC, the platform will automatically burn the zAsset to prevent uncollateralized assets from circulating.
3.
- Thanks to Panther’s unique attestation systems, users can choose to disclose metadata of any transaction, for any reason, to anyone, even retroactively.
- Panther facilitates disclosure of private transactions within Pools, and users can reveal public on-chain transactions in the usual way.
- Suppose a user wants to withdraw their USDC from a DeFi protocol. In that case, they can deposit it back into a Panther Vault to obscure their DeFi history, then later optionally withdraw into another newly generated stealth address.
QUESTIONS FROM TWITTER
Q~ I read that Panther protocol DAO system will use the quadratic voting system, so can you tell us what is it ? Also how this voting system differ from others?
A~ Panther’s governance mechanism is aimed at decentralisation to the fullest degree over the course of evolution of the protocol. The aim is to implement mechanisms such as quadratic voting, so that community preferences are fully expressed. The roadmap of the protocol includes staged deployment which allows transitioning of the governance from an initial centralized model to a fully decentralized one, a common approach in this industry. The decentralized autonomous organization (DAO) would ultimately have the ability to develop and accept improvement proposals with the #ZKP token. Voting proposals shall implement mechanisms which reduce the chances of governance capture.
Q~ Could you give some information about the concept of Panther zAssets? Are proprietary assets different from those we know? Can transactions be used in private ways?
A~ Sure this is a great question! So by using zAssets in the Panther wallet all necessary privacy steps occur automatically and all the necessary conversions happen in order for the user to use most of DeFi apps anonymously.
You can refer to our article explaining zAssets and specifically to the user journey close to the bottom:
Q~ It says, We believe that as a standalone product, the MVP will provide immediate value to all DeFi users who wish to take advantage of fully guaranteed and interoperable privacy. Is the MVP ready yet? Will you have a sale date of the $ ZKP token and what is the reason for the launch of MVP on Polygon and later on Ethereum?
A~ Thank you for this question! Currently we are super focused on the Public Sale of our token $ZKP on the 23rd of November and subsequently the release of our MVP on Polygon. If you are interested to participate in our Public sale please fill out the interest form
MVP development is at a very advanced stage. We recently released the first tech update explaining everything.
If you are interested in the scope of the MVP check this one too ;p
QUESTIONS FROM TELEGRAM
Q~ Does this project have audit certificates, or are there any future plans regarding auditing this project? As this will speak volumes pertaining to it’s reliability and authenticity.
A~ Security is our top priority. Users of Panther will be using the most secure privacy protocol for their assets. Panther development is guided by in-house security expertise. Our team has over 40 years of cumulative expertise in security, and have worked on securing some well known protocols in this space. The smart contract stack will be fully audited by industry-recognized security researchers prior to launch.
Q~ Where can I find all the update announcements for your project?
A~ You can find all of our announcements concentrated here:
Also our Blog page is a very good source:
Q~ Can you share with me how strong your project is in terms of Security ? Because there are so many hacking heard in cryptocurrency these days? How capable are your team members in dealing with hacking?
A~ Our CTO and co-founder Anish is a security expert with decades of experience in the field. He was an advisor at Ripple, reviewed the Ethereum whitepaper and involved in corporate security strategy consulting. I’m pretty sure we’re very well equipped here.
Q~ NFT is hot trending now, Do you have a plan to have NFTs in your platform? If so, can you tell us the plans of your project in NFTs?
A~ For sure, here are our plans for bringing privacy to the NFT space in partnership with StackOS:
Q~ What is the best way to follow all your upcoming news and updates? What are your plans in coming future?
A~ You can follow us on our social media!
Twitter: https://twitter.com/ZPPanther
Telegram: https://t.me/pantherprotocol
Medium: https://blog.pantherprotocol.io/
Discord: https://discord.gg/dyFDGg8Zt9
Or subscribe to our newsletter!
CONCLUSION
Thank you for having us guys! Appreciate it!
Remember we are gearing up for the public sale on Nov 23rd!
If you are interested to participate please fill out the form
It’s really nice having the Panther Protocol project in here!!!
You can check out their Website for more details. You can also follow them on Telegram and Twitter to keep up to date with all things relating to Panther Protocol.
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