🚨Disclaimer
This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
Sui Blockchain Technology
Panzerdogs is powered by the Sui Blockchain, a Layer 1 protocol blockchain known for its advanced infrastructure and innovative features. Sui independently conducts consensus and validates transaction blocks within its network using its native token, $SUI, and employs a Delegated Proof of Stake (DPoS) consensus mechanism. This scalable infrastructure is fast, secure, and cost-effective, leveraging MOVE, the most powerful smart contract programming language. Panzerdogs is built on Sui due to its numerous technical advantages, including dynamic and mutable NFTs, which elevate the overall gameplay and customisation.
Our NFTs are created using our own Sui Move contracts. They use Sui standards for defining NFTs, and make use of Sui Kiosk for trading & royalties.
Utilising DPoS, Sui significantly reduces its environmental impact compared to alternatives like Proof of Work (PoW), known for its high energy consumption. This environmentally conscious approach resonates with Panzerdog's commitment to sustainability, while the tech and ease for development ensures a seamless gaming experience.
Gaming
Players own assets, creators manage royalties.
Sui offers what games built on blockchain require: well-rounded functionality, abstraction, scalability, speed, and affordability. Dynamic assets increase engagement. Customisable transfer policies offer control.
Commerce
Increase customer engagement and loyalty for less.
Creatively expand growth and retention programs by integrating Sui’s dynamic and composable assets. Users can authenticate with web credentials to reduce friction.
Defi
Accessible services with near-instant settlement .
Users can conduct transactions as close to market conditions as possible. Builders can create innovative products with liquidity from a native central limit order book, providing fully on-chain routing and matching.
For more information visit: https://sui.io/
Risks
Crypto and Web3 technologies come with several risks that span financial, technological, regulatory, and societal domains. Here's an overview of some key risks associated with these technologies:
Volatility and Market Risk:
Cryptocurrencies are notorious for their price volatility, with values fluctuating dramatically over short periods. This volatility exposes investors to possible financial risk, as the value of their holdings can change rapidly, leading to potential losses.
Security Risks:
Crypto-assets and blockchain platforms are vulnerable to various security threats, including hacking, phishing attacks, and malware. Incidents such as exchange hacks and smart contract vulnerabilities have resulted in substantial financial losses for users and investors.
Regulatory Uncertainty:
The regulatory landscape surrounding cryptocurrencies and Web3 technologies is still evolving and varies significantly across jurisdictions. Uncertainty about regulatory compliance, taxation, and legal frameworks can create challenges for businesses and users, leading to operational risks and potential legal repercussions.
Fraud and Scams:
The decentralised and pseudonymous nature of cryptocurrencies can make them attractive targets for fraudsters and scammers. Ponzi schemes, pump-and-dump schemes, and fraudulent initial coin offerings (ICOs) have defrauded investors of significant sums of money, highlighting the importance of due diligence and investor education.
Privacy and Data Security:
While blockchain technology offers transparency and immutability, it also raises concerns about privacy and data security. Public blockchains store transaction data in a transparent and permanent manner, potentially exposing sensitive information to unauthorised access or exploitation.
Environmental Impact:
The energy-intensive consensus mechanisms used in many blockchain networks, particularly Proof of Work (PoW), have raised concerns about their environmental impact. The substantial energy consumption required for mining cryptocurrencies contributes to carbon emissions and exacerbates climate change.
Centralisation Risks:
Despite the decentralised ethos of blockchain technology, centralisation can still occur in various forms, including concentration of mining power, governance control, and ownership of assets. Centralisation undermines the core principles of decentralization, potentially leading to censorship, manipulation, and systemic risks.
Interoperability and Scalability Challenges:
Interoperability between different blockchain networks and scalability of existing platforms remain significant challenges for the widespread adoption of Web3 technologies. Without robust solutions to address these challenges, fragmentation and scalability bottlenecks could hinder innovation and usability.
Lack of Consumer Protection:
The decentralised nature of cryptocurrencies and blockchain platforms means that users have limited recourse in cases of fraud, theft, or disputes. Unlike traditional financial systems, there is no centralised authority or regulatory body to provide consumer protection or dispute resolution mechanisms.
Addressing these risks requires a coordinated effort from stakeholders, including regulators, industry participants, developers, and users, to promote responsible innovation, transparency, and accountability in the crypto and Web3 ecosystem. We strive for the clear collaboration.
Climate and other environment-related adverse impacts
When considering the adverse impacts on the climate and environment related to both the consensus mechanism used to issue crypto-assets and the broader Web3 technology ecosystem, several factors come into play:
Energy Consumption:
Sui employs the DPoS consensus mechanism, which significantly reduces its energy consumption compared to PoW. This results in a smaller carbon footprint and less environmental impact compared to other consensus mechanisms.
E-waste Generation:
The constant need for hardware upgrades in PoW-based consensus mechanisms leads to electronic waste generation as older, less efficient mining equipment becomes obsolete. This e-waste contributes to environmental pollution if not managed properly through recycling or responsible disposal practices.
Similarly, the rapid development and deployment of hardware for Web3 technologies can contribute to e-waste accumulation as devices become outdated or incompatible with newer protocols and standards.
Resource Depletion:
Mining activities associated with PoW consensus mechanisms require not only energy but also significant computational resources, such as high-performance computing (HPC) hardware and specialised ASICs (Application-Specific Integrated Circuits). The production and disposal of these resources can lead to resource depletion and environmental degradation, particularly in regions where mining operations are concentrated.
Web3 technologies may exacerbate resource depletion through the increased demand for computing resources, including servers, storage devices, and networking infrastructure, as decentralised applications require more processing power and storage capacity to function effectively.
Centralisation vs. Decentralisation:
While decentralisation is a core principle of Web3 technologies, the concentration of mining power in PoW-based consensus mechanisms can lead to centralisation, where a small number of entities control a significant portion of network validation. This centralisation can undermine the resilience and security of blockchain networks and exacerbate environmental impacts if these entities do not prioritise sustainability.
Conversely, efforts to improve decentralisation through alternative consensus mechanisms, such as Proof of Stake (PoS) or Delegated Proof of Stake (DPoS), may reduce energy consumption and environmental impacts by mitigating the need for intensive computational resources.
Blockchain Scalability:
As Web3 technologies aim to scale to accommodate a growing user base and increase transaction throughput, the environmental footprint of blockchain networks may also grow. Scaling solutions, such as layer 2 protocols or sharding, introduce additional complexities and resource requirements, potentially exacerbating energy consumption and environmental impacts if not implemented sustainably.
In summary, while Web3 technologies hold promise for decentralisation and democratisation of digital services, they also pose significant challenges in terms of energy consumption, e-waste generation, resource depletion, and centralisation. Addressing these adverse impacts requires a holistic approach that prioritizes energy efficiency, sustainability, and responsible resource management across the entire ecosystem.
Statement from management body of Lucky Kat
This crypto-asset white paper complies with MiCA's regulations regarding the content and form of a white paper for crypto-assets other than asset-referenced tokens or e-money tokens, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
Project Summary
Panzerdogs is an action-packed multiplayer tank brawler where players engage in battle against other cadets. Think Brawl Stars, with NFTs, Play-To-Earn mechanics, and canine pups leading battalions. Available on PC, Android, and iOS, we aim to create a seamless experience for all players, with or without any prior web3 experience through fun and accessible gaming.
Game assets in Panzerdogs are mostly NFTs, the $KOBAN token will have future utilities such as; staking and spending in-game. Oil up your tank and prepare to lead your pack to victory against opponents from all around the globe.
The Project Summary, and by extension Introduction section of this white paper, should be read as an introduction to Panzerdogs.
The prospective holder should base any decision to purchase crypto-assets related to this project on the content of the Panzerdogs white paper as a whole and not on the summary alone.
The offer to the public of the crypto-assets related to Panzerdogs does not constitute an offer or solicitation to purchase financial instruments and that any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law.
The crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.
Closing Statements
$KOBAN and the NFTs are minted on the Sui Blockchain.
$KOBAN and the NFTs' value may be lost in part or in full.
$KOBAN and the NFTs may not always be transferable.
$KOBAN and the NFTs may not be liquid.
$KOBAN and the NFTs are not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council (35).
$KOBAN and the NFTs are not covered by the deposit guarantee schemes under Directive 2014/49/EU.
Date of notification
3rd of May 2024
03/05/2024
Table of Contents
For a Table of Contents of this white paper please look to the sidebar to see all sections and relevant pages.
Last updated