The cryptocurrency market is witnessing the rise of a new player, Pandoshi (PAMBO), which is making waves as a strong competitor against the well-known meme coin, Shiba Inu (SHIB). Presently in its initial offering phase, Pandoshi shows significant promise for early investors, with forecasts suggesting its price could hit $17 by 2024. This positions Pandoshi as a potential new favorite in the meme coin category, poised to challenge Shiba Inu's dominance.
Pandoshi (PAMBO) - A Blockchain-Based DeFi Network Built on Essential Blockchain Values
Pandoshi (PAMBO) stands as a unique DeFi ecosystem that goes beyond the surface appearance of a meme coin to offer a comprehensive suite of blockchain-based products. This ecosystem is designed to foster growth for its native cryptocurrency while introducing innovative concepts to the market.
At the core of the Pandoshi ecosystem is a Layer 2 solution utilizing a Proof-of-Stake (PoS) protocol, alongside a versatile decentralized exchange (DEX) that supports multiple chains, a non-custodial wallet, KYC-exempt crypto prepaid cards that can be reloaded, educational initiatives, freely distributed NFTs to its community, captivating games within the Metaverse, and other features detailed in the project's whitepaper.
The project's currency, PAMBO, has a capped supply of 2 billion tokens, with half intended for circulation. This coin is designed to be deflationary, benefiting from a mechanism that buys back and burns tokens. Income from various Pandoshi offerings, like the DEX, prepaid cards, and educational services, is used to buy PAMBO tokens at market rates and then retire them to a dead wallet, effectively reducing the coin's available supply and preventing these purchased tokens from reentering the market. The buy-and-burn strategy will continue until 80% of the circulating supply is eliminated.
Despite its deflationary nature, Pandoshi has introduced a staking feature for PAMBO that avoids inflating the supply. Instead of minting new tokens, stakers receive a secondary token, BAMBOO, which serves as a governance token. This allows holders to participate in decision-making or to sell it. Once BAMBOO is used for voting, it is also retired, ensuring the staking system encourages holding without diluting PAMBO's value.
Interested parties are invited to join the Pandoshi presale, now in its last phase, Phase 5, with half of the tokens already claimed.
Presale Progress:
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Phase 1: Complete
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Phase 2: Complete
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Phase 3: Complete
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Phase 4: Complete
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Phase 5 (Final): Tokens priced at $0.01 each
A significant development for Pandoshi has been the beta launch of its wallet on the Google Play Store, an update shared via their Twitter. This milestone, coinciding with the presale's progress, signifies the project's expansion and its support for EVM-compatible chains, with plans to incorporate non-EVM chains. Work is also underway on an iOS version of the wallet to further broaden project accessibility.
In summary, Pandoshi presents a promising opportunity within the blockchain space by introducing a deflationary cryptocurrency and advancing its product lineup ahead of schedule. This progress has attracted a rapidly growing number of holders and indicates a swift move towards the presale's completion and subsequent listing on both centralized and decentralized exchanges.
Click Here To Buy PAMBO Tokens
For more information on Pandoshi (PAMBO), visit the provided links.
Website: https://pandoshi.com/ Whitepaper: https://docs.pandoshi.com/
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
