What is PANDORA
PANDORA digital token is a virtual currency, which is designed to be used by project authors for mutual settlements inside APOLLO to pay for the launch of their crowdfunding projects, to purchase services for crowdfunding projects, and for other internal processes and payments within the infrastructure of the APOLLO and PANDORA. PANDORA is a cryptocurrency awarded to backers who support Pre ICO, ICO, or crowdfunding campaigns.
PANDORA are generated by the smart contract automatically when backers support campaigns that are launched on the platform. Therefore, PANDORA are never 'made out of thin air' but are always backed by other currencies, as well as by campaigns successfully completed on the platform. Additionally, PANDORA will never be in excessive surplus. They are always backed not only by other currencies but by campaigns themselves, and only by those that were successfully completed on the platform.
The only exception is the initial pre-generation of PANDORA. A total of 2.5billion PANDORA have been generated, including 0.7 billion to conduct Pre ICO, and 1.7 billions to conduct ICO 0.1 billion of total PANDORA supply will be generated and shared between the founders of APOLLO and the rest have been generated for advisory, lottery, bounty, seed backers and PR pools. PANDORA are not mined by users or any other companies.