Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Panana Finance Goes Live on Arbitrum Mainnet

Published 05/22/2024, 04:56 AM
Updated 05/22/2024, 05:30 AM
Panana Finance Goes Live on Arbitrum Mainnet

London, United Kingdom, May 21st, 2024, Chainwire

Panana Finance has introduced closed beta access, enabling users to trade both cryptocurrencies and real-world assets on its platform.

A New Era of Decentralized Trading

Panana Finance is a decentralized exchange (DEX) designed to enhance perpetual trading and bridge the gap between traditional finance and the digital economy. The platform offers a wide range of trading pairs, including cryptocurrencies, Forex, and commodities, providing users with a diversified trading experience.

Empowering Traders: The Democratic Revolution of Panana Finance

At the heart of the financial revolution, Panana Finance stands out as a beacon of collective empowerment. It’s not just another platform; it’s a 100% community-owned project that’s breaking the mold. With no venture capitalists in sight, every decision, every change, and every new feature is driven by the very people who use it. This isn’t just a platform for trading; it’s a platform for the traders, by the traders. Here, every member holds the power to shape the future, making Panana Finance a true democracy in the digital age.

Revolutionizing Liquidity Provision

The platform employs a hybrid market-making model that combines institutional expertise with community-driven liquidity. This approach aims to provide effective liquidity across various trading pairs, fostering a seamless trading environment suitable for both experienced traders and newcomers.

Visionary Initiatives on the Horizon

Upcoming initiatives for Panana Finance include a DAO-based token launch, allowing users to participate in governance, and the introduction of tiered NFTs linked to trading volume, which offer exclusive benefits and rewards.

Exclusive Closed Beta Access

Panana Finance's closed beta is launching on the Arbitrum mainnet. Nearly 20,000 eligible traders from the Arbitrum ecosystem will have the opportunity to claim one of 3,000 invite codes. Those who have been active on Arbitrum perpetual DEXs or made significant deposits into the Hyperliquid Arbitrum bridge may qualify for these limited invite codes.

Closed beta whitelist criteria:

  • A user has traded on Arbitrum perpetual DEXs (including GMX, Gains, Mux, and HMX) for at least $50,000 in volume, between Jan 1, 2024, 12:00 AM to April 1, 2024, 12:00 AM UTC or users who deposited at least $5,000 into Hyperliquid Arbitrum bridge, before April 1, 2024, 12:00 AM UTC.
  • Panana Finance testnet participants.
Benefits of Joining the Closed Beta

Participants in the closed beta will gain early access to the platform and have the opportunity to earn Panana Points through trading, achieving milestones, and referring new users. These points will offer future rewards and advantages.

Panana Points will have more rewarding use cases in the future so keep an eye on them.

How to Participate

Eligible users can check their status and claim invite codes on the Panana Finance website. Additional opportunities to obtain invite codes will be available through Panana's social media and community channels.

Users who are unable to claim an invite code through the Panana platform can still participate by following Panana’s X account and joining the Discord community, where additional invite codes will be distributed through various giveaways.

Revolutionizing Trading

Panana Finance aims to redefine trading by offering a platform that emphasizes decentralization, liquidity, and community empowerment.

About Panana Finance

Panana Finance is a community-driven perpetual DEX on Arbitrum that allows users to trade cryptocurrencies and real-world assets such as forex with potential commodities and no funding fee.

For more information users can visit: Official Website | Discord | X

ContactMarketing LeadJack WilliamsonPanana Financeteam@panana.finance

This article was originally published on Chainwire

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.