As the blockchain sector expands, new entrants are emerging, aiming to make significant contributions and establish themselves as important players. Among these, Pandoshi (PAMBO) is a newcomer that’s drawing the crypto world’s attention. With its ambitious objectives, innovative concepts, and rapid development, Pandoshi is increasingly being recognized in the crypto community as a project filled with potential.
Why Is Pandoshi (PAMBO) One Of The Most Promising Coins?
Pandoshi has successfully raised over $1.7 million within just 2 weeks, indicating strong market confidence in its potential. The project embodies the core values for which blockchain technology was originally developed – decentralization, privacy protection, and financial independence. It stands as a prime example of a decentralized project driven by its community, with users playing a significant role in shaping its direction.
The Pandoshi platform is supported by a range of decentralized features, including a Layer-2 network based on the Proof of Stake protocol, a decentralized exchange (DEX), a secure wallet that doesn’t hold user assets, engaging Metaverse games, and educational resources like Pandoshi University.
Additionally, it offers prepaid cards compatible with cryptocurrencies, providing a swift and straightforward method for global users to handle their crypto assets without requiring Know Your Customer (KYC) procedures.
At present, Pandoshi’s presale is divided into five phases. The project is currently in the third phase, offering tokens at $0.006 each. As it moves into the fourth phase, the token’s price is anticipated to rise to $0.008 and is expected to reach $0.01 in the final phase, signifying a crucial milestone for the project.
In the Pandoshi ecosystem, PAMBO serves as the main utility token. It operates within PandaChain (Layer 2 Network), is utilized in the Metaverse Game, and acts as a means of exchange at Pandoshi University. It also gains advantages from the buy-and-burn mechanism implemented by PandoshiSwap (DEX) and Cardoshi (prepaid cards).
PAMBO, being a deflationary asset, follows a buy-and-burn strategy, halting once 80% of its entire supply has been removed from circulation. Due to its deflationary characteristics, PAMBO is accessible either by direct purchase or by engaging in official Pandoshi events and activities.
Pandoshi has announced on Twitter that they are progressing faster than expected and are gearing up for the beta launch of the Pandoshi Wallet for both Android and iOS users. This development, occurring during their ongoing presale, marks a significant milestone for the project.
The soon-to-be-released wallet beta is planned to initially accommodate all chains compatible with the Ethereum Virtual Machine (EVM), with future updates aiming to extend support to non-EVM chains.
The crypto community is lauding Pandoshi for its strong dedication to the DeFi sector, highlighting its commitment to open-source development and promoting a community-led model. This approach is drawing in many investors who prioritize privacy and the ethos of decentralization.
Pandoshi’s pledge to keep its tools and platforms open-source is resonating with those who advocate for transparency and collaborative engagement in the crypto domain.
The recent rollout of the non-custodial Pandoshi Wallet, set to be fully open-source and available on GitHub, reflects this dedication. This initiative invites the possibility of joint maintenance and improvements from both the community and the developers, further reinforcing Pandoshi’s role as a genuine advocate for the values of decentralized finance.
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This post was sourced from BeInCrypto