PANS creation is almost at its one-year anniversary. First, please allow me to express my sincere apologies to all holders. Why apologize? Compared to the issuance price, we have risen over 100x, but we still haven't reached my initial goals. I originally planned to achieve CEX listing and VC participation this year, but in this terrible market environment, the plan has become extremely challenging. Compared to Sui trading pairs, we have risen significantly, but the sharp drop in Sui's price has also dragged down our overall market cap growth. From the very beginning of PANS creation until now, we have never received any support from the Sui Foundation, relying entirely on the community's own strength. Compared to other Sui Foundation-supported projects, our performance has already been outstanding. 1. Based on @CetusProtocol SDK suite, we are the first naturally burning coin on Sui chain. Huge thanks to @pikapikasui and @amywph for their help. 2. With @tradeportxyz assistance, we completed the NFT-to-coin conversion protocol. 3. With @suiscanofficial help, we implemented various verifications and API aggregation services. 4. Moreover, we partnered with @0xkylinSUI to launch the first RWA project on Sui chain. 5. We also partnered with @poorsonsui to complete the first meme relaunch on Sui chain. 6. With @0xdegend and @dogafincan collaboration, we completed the reconstruction of the PandaBox IDO launchpad. 7. We have also completed PANS trading pair integrations with communities like @chickenshopsui , @0xEagleSui , @BeaverBVSSui , and others. To be honest, I am very disappointed with the Sui Foundation's performance. We have received no substantial help from them, not even promotional support or ecosystem backing. But this will not be a reason for us to give up. We will keep moving forward. Next, how will the entire PANS develop? First, we will focus on perfecting PandaBox. We will participate in hackathons to attract more attention from Sui ecosystem members. Second, creating sustainable revenue. In the bear market, we cannot rely on fantasies alone. We must generate more protocol revenue to ensure the community survives the downturn. Up to now, I still have full confidence in Move language and Sui. They just need time and effort to earn market recognition. Today is hard, tomorrow will be hard too, but the future will surely be beautiful.

Let me tell you what will happen. First, your position will quickly exceed the range. @0xkylinSUI treasury range is 0.85-1.5. Within the range, they made a lot of income as impermanent gain. If it breaks down below the range, it becomes impermanent loss.

Someone suggested issuing a new token, snapshotting $PANS, and airdropping the new token to PANS holders. But I rejected the proposal. If you create a crypto asset and allow public trading, you should take full responsibility for it to the end. Instead of abandoning it and rushing to create a new coin. PANS is almost 1 year since launch. Even as SUI dropped 85%, we never gave up on it, our determination remains unchanged.🫡

sorry for the long wait fam. introducing the next project that i will #buildinpublic#: Memerank 🙂 Memerank starts as a discovery list for Sui memecoin projects. i always wanted to see a platform like this on @SuiNetwork, but one where smaller projects can get discovered without needing a big budget. the bigger vision is a ranking system that reflects organic popularity and is harder to cheat. holder counts can be inflated with dust airdrops, volume can be botted, and attention on existing platforms often goes to whoever can spend the most. i want Memerank to help real tokenized communities get discovered. this will be released in phases, and i’m releasing the first public phase today. this phase lets people submit their own project, or a project they are a fan of, for review. review is there to prevent fake or unsafe submissions. at launch, submitting costs 1 SUI + gas, mostly to prevent spam. i wanted to keep the first phase as accessible as possible. important note: the current order is not a real ranking yet. approved projects are shown in randomized order, and the order refreshes after approvals/approved updates. the first real ranking algorithm will come in a later phase. again, i’m just building the things i’d like to see, but it would make me happy if more people thought the same 🫡