The dynamic cryptocurrency market is witnessing the rapid rise of a new cryptocurrency, Pandoshi, which is quickly making a name for itself through innovative strategies and successful early-stage funding.
Pandoshi has successfully raised over $1,700,000 in just two weeks of their launch, highlighting the market’s belief in its future. The project stands out with its unique attributes and an ambitious plan to transform the decentralized finance (DeFi) sector.
The Rise of Shiba Inu (SHIB)
Before we look into Pandoshi’s potential, it’s essential to grasp the rise of Shiba Inu (SHIB) and what has made it a well-known player in the world of cryptocurrency.
Shiba Inu made its debut in the world of cryptocurrency in August 2020, brought to life by the mysterious individual called “Ryoshi.” This meme token quickly moved beyond its initial fun image to establish a notable place in the world of digital currencies.
Unlike other cryptocurrencies, the rise of Shiba Inu wasn’t just based on its financial structure. A large part of its success came from a strong and active community, as well as groundbreaking projects like ShibaSwap, its own decentralized exchange.
Focusing on community involvement and new ideas has turned Shiba Inu into more than just a token; it’s a full and active network. The SHIB token has seen impressive growth, shooting it into the spotlight and becoming a hot topic in many areas. Its friendly image, along with strong support from its community and the unpredictable market, has attracted many fans and investors. This makes it a notable player in the constantly changing world of cryptocurrency.
The Path to Shiba Inu-Level Success for Pandoshi
Pandoshi, a rising name in the cryptocurrency sector, has garnered significant attention and investment, reflecting a growing interest in its potential. The platform embodies core principles of blockchain technology, including decentralization, privacy advocacy, and financial autonomy. As a community-driven project, Pandoshi is dedicated to upholding the original vision of blockchain technology, with its direction and future shaped significantly by its members.
The Pandoshi ecosystem is built with a variety of decentralized features. These include a Layer-2 network utilizing a Proof of Stake protocol, a decentralized exchange (DEX), a non-custodial wallet ensuring users retain control of their assets, interactive Metaverse games, and educational resources like Pandoshi University. Additionally, the platform offers cryptocurrency-friendly prepaid cards, aiming to provide a seamless global experience in managing crypto assets without the need for KYC checks.
Presently, Pandoshi is progressing through a structured presale divided into five stages. In its ongoing third stage, the token is valued at $0.006. As the presale advances, the token’s price is anticipated to increase to $0.008 in the fourth stage and reach $0.01 in the final stage, marking a pivotal development for the project.
PAMBO, the primary utility token in the Pandoshi ecosystem, operates as the main currency within PandaChain (Layer 2 Network), is used in the Metaverse Game, functions as a medium of exchange at Pandoshi University, and benefits from the buy-and-burn mechanism implemented by PandoshiSwap (DEX) and Cardoshi (prepaid cards).
As a deflationary token, PAMBO employs a buy-and-burn approach, ceasing once 80% of its total supply is withdrawn from circulation. PAMBO can be obtained either through direct purchase or by participating in official Pandoshi activities due to its deflationary nature.
In addition, the Pandoshi ecosystem includes BAMBOO as a secondary token, serving as the governance token and enabling the community to influence Pandoshi’s future direction. Unlike PAMBO, BAMBOO is an inflationary token with no fixed maximum supply and can be acquired by collateral staking of PAMBO.
When users stake their PAMBO tokens, they’re awarded Shares, calculated based on the total PAMBO staked. As the collective staking increases, individual Share percentages decrease, fostering a more decentralized influence and voting power. The rewards per Share are predetermined and consistent. All BAMBOO tokens used in voting are permanently retired from circulation, ensuring their distinct role in governance.
While BAMBOO’s primary function is in governance, holders have the freedom to sell their BAMBOO in the market if they wish.
Pandoshi has excitingly announced on Twitter that they’re ahead of their planned schedule and are preparing for the beta release of the Pandoshi Wallet for both Android and iOS platforms. This development, taking place during the active presale phase, signifies a significant advance for the project. The beta wallet, soon to be launched, will initially support all Ethereum Virtual Machine (EVM) compatible chains, with future updates planned to accommodate non-EVM chains.
With its ambitious objectives, innovative approaches, and robust community backing, Pandoshi is a project to keep an eye on. As the crypto sector continues to evolve, platforms like Pandoshi are set to redefine blockchain’s role and significantly contribute to its wider adoption and utility.
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This post was sourced from BeInCrypto