In the evolving world of blockchain technology, new entrants are emerging with the intent of disrupting the established order and establishing themselves as major players. One such contender that has garnered significant attention within the crypto community is Pandoshi (PAMBO). With its ambitious goals, innovative approach, and rapid growth, numerous enthusiasts see Pandoshi as a project with high potential.
The Rise of Shiba Inu (SHIB)
Before exploring the potential of Pandoshi, it’s important to understand the success story of Shiba Inu and what has made it a prominent figure in the cryptocurrency space.
Shiba Inu, created in August 2020 by an anonymous individual known as “Ryoshi,” has established itself as a playful yet influential meme token that quickly evolved into a vibrant ecosystem. Unlike traditional cryptocurrencies, Shiba Inu introduced a novel approach by not only relying on its tokenomics but also fostering a strong community and innovative projects like ShibaSwap, a decentralized exchange.
This community-driven approach allowed Shiba Inu to offer a unique and engaging experience for users and investors, making it an attractive choice for those looking to participate in a more lighthearted yet robust crypto space. Shiba Inu’s token, SHIB, has seen explosive growth, becoming one of the most talked-about cryptocurrencies by market capitalization.
Its approachable image, combined with a dedicated community and rapid market movements, has contributed to its popularity, attracting a diverse group of enthusiasts and investors from various sectors.
Pandoshi’s Ambitious Mission
Rapidly gaining recognition within the cryptocurrency community, Pandoshi has attracted significant investments, underscoring the market’s confidence in its prospects. Pandoshi presents itself as a testament to the core values of decentralization, privacy advocacy, and monetary freedom.
It embodies the very essence for which blockchain was conceived. Pandoshi stands as a paragon of decentralization and is a community-driven initiative, where the power over its present and future lies in the hands of its people.
The Pandoshi ecosystem is built around a suite of decentralized products, including a Layer-2 network operating on a Proof of Stake protocol, decentralized exchange (DEX), secure non-custodial wallet, interactive Metaverse games, and educational resources like Pandoshi University.
These tools, along with prepaid cards compatible with cryptocurrencies, aim to provide a swift and convenient way for users to utilize their crypto assets worldwide, all functioning without the need for Know Your Customer (KYC) procedures.
At the moment, Pandoshi’s presale is organized into five separate phases. It’s currently in the third phase, where the token is priced at $0.006. As it moves into the fourth phase, the price per token will rise to $0.008 and eventually reach $0.01 in the final phase, signifying an important achievement for the project.
PAMBO serves as the core utility token within the Pandoshi ecosystem. It’s designated as the primary currency for PandaChain (Layer 2 Network), utilized in the Metaverse Game, as a medium of exchange at Pandoshi University, and will gain advantages from the buy-and-burn mechanism implemented by PandoshiSwap (DEX) and Cardoshi (prepaid cards).
As a deflationary token, PAMBO incorporates a buy-and-burn mechanism, with the burning process halting once 80% of its total supply is eliminated from circulation. The nature of PAMBO being deflationary means it can be acquired either through direct purchase or by engaging in official Pandoshi activities.
However, in the Pandoshi ecosystem, a secondary token named BAMBOO will serve as the governance token, allowing the community to participate in decision-making for Pandoshi’s future. Differing from PAMBO, which is a deflationary utility core token, BAMBOO is an inflationary token without a fixed maximum supply and it can be obtained through a process known as collateral staking of PAMBO.
Essentially, when users stake their PAMBO tokens, they receive a certain number of Shares. These Shares are calculated based on the quantity of staked PAMBO in relation to the total PAMBO staked by all participants. For instance, if the total staked PAMBO is 100,000 and a user has staked 10,000, the user holds a 10% Share.
As more PAMBO is staked by others, an individual’s Share percentage decreases, promoting a more decentralized distribution of voting power and influence. The reward for each Share, or fraction thereof, is set in advance and remains constant. All BAMBOO tokens utilized in voting are permanently removed from circulation by being sent to a dead wallet.
It’s crucial to understand that BAMBOO’s primary role is in governance, not as an investment for yield. However, holders are free to sell their BAMBOO on the market if they choose.
Pandoshi recently announced on Twitter an exciting update: they are moving ahead of schedule and are gearing up for the beta launch of the Pandoshi Wallet on both Android and iOS platforms. This progress, occurring amidst their ongoing presale, marks a significant leap forward for the initiative. The beta version of the wallet, set to debut soon, will initially support all chains compatible with the Ethereum Virtual Machine (EVM). Additionally, there are plans to expand its compatibility to include non-EVM chains in future updates.
The project’s ambitious goals, creative approaches, and strong community support make it one to watch. With the ongoing evolution of the cryptocurrency sector, initiatives such as Pandoshi are poised to redefine the world of blockchain and play a significant role in its widespread acceptance and use.
Links:
About Pandoshi
Pandoshi represents a blockchain project inspired by Satoshi Nakamoto’s vision, dedicated to decentralization, privacy, and financial freedom. Operating as a community-driven initiative, this endeavor places power firmly in the hands of its community members.
The mission of Pandoshi is to establish a robust ecosystem of decentralized products, which includes the Network, DEX, Wallet, and other essential components vital to the DeFi landscape. Pandoshi also explores innovative domains such as decentralized Metaverses and educational platforms to enrich the DeFi experience.
Passionate community support underscores the core values of financial privacy and autonomy upheld by Pandoshi. The project ensures that users’ needs and interests are paramount in every product created, delivering economic benefits directly to users without intermediary involvement.
Pandoshi stands as a testament to decentralized finance, privacy, and user empowerment, rather than a fleeting meme coin or an experimental project. The commitment to these principles fuels relentless efforts and underscores the project’s significance.
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
