Panther Protocol

Economy Audit Scope Badge
Top 10 Percentile in at Least One Category Badge

Panther Protocol Info

Explore Panther Protocol's $ZKP Tokenomics: a revolutionary DeFi privacy solution using zkSNARK technology, enabling zAssets, cross-chain interoperability, and more.

Ticker
$ZKP
Listing Price
$0.6
Total Supply
1,000,000,000
Niche
  • DeFi
  • Privacy
TGE Date
2022-01-31
Tier 2
Tokenomics
Economy
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#580
Percentile
Top 39%
11
7
4
Economic Policies
67.04
Investment & Valuation
36.82
Utility & Value Flow
-
Market Makers
-
Distribution Fairness
91.81

Tokenomics Information

Allocation Distribution

Pool Name
Percentage
Vesting Information
Protocol Rewards45.00%144 Month Linear Vesting
Team & Advisors20.00%2.7% at TGE , 36 Month Linear Vesting
Foundation8.00%
Seed6.54%25.0% at TGE , 36 Month Linear Vesting
Pre-Seed5.07%5.0% at TGE , 36 Month Linear Vesting
Reserves/Liquidity5.00%
Public Sale 14.00%25.0% at TGE , 6 Month Linear Vesting
Education1.75%
Private 11.54%25.0% at TGE , 24 Month Linear Vesting
Showing 1-9 out of 13

Category Score
91.81out of 100
Percentile
Top 7%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
0

Distribution Fairness

Distribution Fairness Benchmarks

Deviation from Best Performers

Deviation Status

Public Sale
-1.3%
Low
Community
+9.7%
Medium
Foundation
-7.5%
Medium
Insiders
+2.8%
Low
Investors
-3.6%
Low

Deviation from Best Performers

This section analyzes whether the token distribution is balanced by comparing it to best-performing projects in the same niche.

It highlights low, medium, or high deviation levels across stakeholder groups and evaluates how closely the overall allocation aligns with proven benchmarks.

Overall Deviation Status

Medium

Category Score
out of 100
Percentile

Governance Indicators

Highlights
1
Warnings
0
Alerts
2

Token Power

Token Power

This section analyzes who holds actual control over the circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Centralized
Year 1
Centralized
Year 2
Centralized
Year 3
Centralized
Year 4
Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Failed

Category Score
82.13out of 100
Percentile
Top 13%

Inflation Indicators

Highlights
2
Warnings
2
Alerts
0

Emission Type

Circulation

Inflation

Here we analyze whether inflation rates are sustainable, how balanced the vesting release schedule, how they compare with top-performing projects annually, and how this inflationary pressure might impact token value.

Year 1 Inflation

247.9%

Year 2 Inflation

47.2%

Year 3 Inflation

28.8%

Year 4 Inflation

12.0%

Inflation YoY

Category Score
67.15out of 100
Percentile
Top 37%

Supply Shock Indicators

Highlights
1
Warnings
1
Alerts
0

Emission Type

Circulation

Monthly Supply Shocks

Supply Shocks

Here we track the timing and size of every supply shock, we flag high, mid, and low risk supply shocks, we showcase the exact date of the largest dilution event, and enable a heatmap visualization.

Supply Shocks Counter

1 Low Risk
2 Mid Risk
0 High Risk

Highest Supply Shock

25.9%
at Month 1

Supply Shock Information

Category Score
36.62out of 100
Percentile
Top 50%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Initial Float / Circulating Supply

This section assesses whether the TGE float is appropriately sized, what dilution it introduces, and how it compares to best performing projects. The float is also known as circulating supply and just because tokens are unlocked does not mean they enter circulation.

Initial Float

4.74%

Best Performer Float

12.34%

Team Float Control

0.0%
Low Control
Mid Control
High Control
At launch, the team controls 0.0% of the circulating supply, reducing the real initial float to 4.74%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
36.82out of 100
Percentile
Top 92%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Investors Terms and Conditions

Here we focus on everything that matters to public and private investors, how the rounds are structured, what your payback looks like at TGE, and how fairly the different rounds are balanced mapping entry price, unlocks, vesting terms, and overall exposure.

Vesting Details

Hover to see the details.
Seed
Pre-Seed
Public Sale 1
Private 1
Private 3
Public Sale 2
Private 2

Target Hardcap

$31.9M
20.0%
80.0%
Panther Protocol is selling 20.0% of its total token supply to investors in order to raise $31.9M in funding.

Category Score
28.02out of 100
Percentile
Top 92%

Valuation Indicators

Highlights
1
Warnings
1
Alerts
1

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year DeFi)

+24.39%

Niche ROI (Last 15 DeFi)

-9.42%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
Panther Protocol is listing at 355.8% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives.

The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Pre-Seed
Best
Out of 7
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Pre-Seed
$30.0M FDV
2
Seed
$60.0M FDV
3
Private 1
$90.0M FDV
4
Private 2
$120.0M FDV
5
Private 3
$200.0M FDV
6
Public Sale 1
$400.0M FDV
7
Public Sale 2
$600.0M FDV

Rounds Ranked by VDV

1
Pre-Seed
$9.4M VDV
2
Seed
$18.8M VDV
3
Private 1
$21.8M VDV
4
Private 2
$24.6M VDV
5
Public Sale 2
$28.4M VDV
6
Private 3
$33.0M VDV
7
Public Sale 1
$48.4M VDV

Investor FDV vs VDV

VDV Valuation Model

Category Score
11.07out of 100
Percentile
Top 100%

Break Even Indicators

Highlights
2
Warnings
1
Alerts
0

Break Even Analysis

Here we analyze how balanced private rounds are, which round breaks even first and which breaks even last by tracking cumulative ROI from unlocked tokens against the initial investment, and flag the month when ROI turns positive to define each project's payback period.

Fastest Rounds to Break Even

1
Seed
at TGE
1
Pre-Seed
at TGE
1
Private 1
at TGE
1
Private 2
at TGE
1
Public Sale 2
at TGE
2
Private 3
in 2 months
3
Public Sale 1
in 4 months

Who Breaks Even First?

Seed
at TGE

Who Breaks Even Last?

Public Sale 1
in 4 months

Break-Even Analysis Chart

Investment Recovery at TGE

Price Performance to Break Even at TGE

Category Score
out of 100
Percentile

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Overall Investor Round Ranking

Shows the overall ranking of investment rounds based on combined metrics, including break-even speed, investment recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). The conclusion is the ranking of rounds from best to worst conditions.

Most Favorable Round

Seed
Best
Out of 7
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
2
Ranked 2nd by FDV
2
Ranked 2nd by VDV

Least Favorable Round

Public Sale 1
Worst
Out of 7
3
Ranked 3rd by Vesting Speed
6
Ranked 6th by TGE Recovery
6
Ranked 6th by FDV
7
Ranked 7th by VDV

Investor Round Ranking

About Panther Protocol

Panther Protocol introduces a transformative approach to privacy within the decentralized finance (DeFi) space, utilizing zkSNARK technology and its native $ZKP token. The protocol empowers users to safeguard their digital assets while maintaining full control and interoperability across blockchains. Panther's tokenomics and ecosystem revolve around enabling the creation of zero-knowledge zAssets, which are 1:1 collateralized with their original counterparts. These privacy-enhancing zAssets—such as zUSDC, zETH, or zBTC—are minted by depositing cryptocurrencies into Panther Vaults. This innovative mechanism allows users to leverage zAssets across a variety of DeFi applications, ensuring confidentiality without compromising utility. At the core of the Panther Protocol ecosystem is $ZKP, the utility and governance token that fuels its operations. Privacy miners are incentivized in $ZKP tokens for contributing zAssets to Panther's protocol, strengthening network anonymity. Moreover, $ZKP holders can participate in governance through Panther DAO to influence decisions, implement improvements, and optimize token economics. The tokenomics ensure a balanced distribution model, rewarding participants both for staking assets to secure the network and for supporting privacy mining initiatives. A defining feature of Panther Protocol is its cross-chain interoperability, recognizing the need for seamless transactions across multiple blockchains (peerchains). Panther includes a Layer 1 interchain DEX module, enabling private, decentralized exchanges between blockchains while preserving privacy. Through the Panther Wallet, users have access to a self-custodial browser-based tool that prevents address reuse, facilitates private Ethereum connections, and allows governance voting. Panther Protocol’s additional ecosystem components include Panther Service Providers, which integrate trust-enabled private transactions for their users, and Trust Providers, entities that issue verifiable attestations to increase trust within the network. Selective disclosure options empower users to customize transaction confidentiality based on regulatory, counterpart, or operational requirements. Autonomous Panther Vaults serve as zero-knowledge custodians for collateralizing zAssets under self-custody principles. Through its robust platform and innovative features, Panther Protocol is positioned as a pioneer in privacy-enhancing DeFi technology. With $ZKP at its core, the protocol delivers secure, private, and interoperable solutions, pushing the boundaries of what’s possible in decentralized finance. Whether through privacy mining rewards, DAO governance, or cross-chain interoperability, Panther Protocol is reshaping the way users engage with DeFi while safeguarding their data every step of the way.