Another cryptocurrency, similar to Dogecoin – In 2024, a new cryptocurrency called Pandoshi (PAMBO) is gaining attention for its unique approach to decentralized finance (DeFi) and practical uses. It seems to be challenging well-known cryptocurrencies like Dogecoin (DOGE) in terms of popularity and value, suggesting a shift in the crypto market.
Pandoshi: An In-depth Analysis
Pandoshi might seem like just a meme coin, but it’s a whole decentralized system focused on community control, financial privacy, and security. The key to this is Pandoshi’s Layer-2 network, which is based on a sustainable Proof of Stake protocol.
Pandoshi uses staking instead of heavy computer work to confirm transactions, avoiding the expensive and environmentally harmful aspects of traditional Proof of Work models like Dogecoin’s.
The platform provides useful services to users using its system. PandoshiSwap is a decentralized exchange that lets people trade cryptocurrencies directly with each other using liquidity pools, without needing middlemen or following KYC rules.
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Pandoshi recently took a big step by releasing the beta version of its Pandoshi Wallet on the Google Play Store. They were excited to share this news on their Twitter. This launch is crucial, especially during the project’s presale phase, because it supports Ethereum Virtual Machine (EVM)-compatible chains.
The team also plans to add support for non-EVM chains soon. They’re also working on bringing the wallet to iOS, which will make it available to an even bigger audience.
The Pandoshi Wallet is now on the Google Play Store, helping to reduce doubts and build trust among investors in Pandoshi’s commitment to decentralized finance (DeFi). This aligns with Pandoshi’s focus on community-driven open-source development and governance, making it appealing to investors who value privacy and decentralization.
Since the wallet’s launch, there has been a noticeable increase in investor excitement, with many taking the chance to invest before the presale ends.
Another important part is the upcoming Metaverse game, where players can make money by creating virtual worlds, and educational projects like Pandoshi University that teach newbies about blockchain.
PAMBO Tokenomics
The PAMBO token is the main currency for Pandoshi’s cryptocurrency economy. It started on Ethereum and follows a deflationary system, making it more valuable because there’s not a lot of it.
The platform uses a buyback-and-burn process, taking some money earned from its activities to get rid of some PAMBO permanently. With a limited supply, this makes people want PAMBO more, increasing its value over time.
Presale Presents Opportunity
Pandoshi is gaining momentum, and its presale event lets cryptocurrency fans get in early before it’s listed on major exchanges. Currently, there are 2 billion tokens available, with 1 billion PAMBO tokens up for grabs during the presale at $0.008 each.
Experts predict that PAMBO could potentially reach $50 by the end of 2024, offering more than 100 times returns for those who bought in early during the presale. This opportunity to buy at a low price happens before Pandoshi gets listed on top platforms like Coinbase, Binance, and Uniswap, where prices usually go up.
Comparing Dogecoin
Dogecoin doesn’t have many practical uses beyond making payments and holding onto money. It became popular because of its meme status, but its popularity has gone down.
The support from Elon Musk has decreased, and there are concerns about its ability to handle lots of transactions. Pandoshi, on the other hand, is faster and more environmentally friendly than Dogecoin, making it more attractive to investors who care about environmental, social, and governance (ESG) issues.
Concluding Thoughts
In 2024, Pandoshi is becoming more popular, and experts believe it could surpass Dogecoin in value by the end of the year. Pandoshi, also known as PAMBO, combines crypto innovation with practical use in everyday finance, making it a strong competitor to Dogecoin.
For those interested in investing or using Pandoshi, the presale is the best time to get involved before it becomes widely available on exchanges. Since the prices are still close to the initial launch levels, now might be a good opportunity to invest in this growing decentralized finance (DeFi) system.
Important Note:
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