The new cryptocurrency project Pandoshi, launched at the beginning of January, is already nearing the completion of its presale phase, surpassing 8,000 holders of its token with the ticker "PAMBO". Currently, the final stage of the presale is 50% complete, after which the token is expected to be listed on both centralized and decentralized exchanges. This rapid completion is attributed to the surge in investor interest towards the project, who have been impressed by the introduction of many new concepts by the project and the early delivery of one of the project's features, ahead of the initial schedule.
Pandoshi (PAMBO) - The DeFi ecosystem dedicated to the fundamental principles of blockchain
At first glance, it may seem like a meme coin, but it's not. In fact, it represents a fully integrated ecosystem of products that not only introduce new concepts but also contribute to the growth of the native coin.
Pandoshi ecosystem comprises a Layer 2 with a Proof-of-Stake (PoS) protocol, a multi-chain decentralized exchange (DEX), a non-custodial wallet, KYC-free reloadable prepaid crypto cards, educational programs, NFTs that will be distributed freely to the community, engaging Metaverse games, and much more that can be explored in the project's whitepaper.
The native coin of the project is PAMBO, with a total of only 2 billion tokens, of which only 1 billion will be in circulating supply. This asset is inherently deflationary, benefiting from a buy-and-burn mechanism. In practice, revenues generated from Pandoshi's products, such as the DEX, prepaid cards, and educational programs, are used to purchase PAMBO coins at market price (supporting its growth) and then send them to a dead wallet, thus removing them from circulation permanently (ensuring that the PAMBO coins bought at market price can never be sold). The buy-and-burn process will cease once 80% of the tokens in circulation have been burned.
Although PAMBO is purely deflationary, the creators have decided to introduce staking of the native coin, which does not issue new coins into the market, thereby avoiding inflation of the asset, but rather rewards users with a secondary token. This introduces the concept of collateral staking by Pandoshi, where users staking the project's native coin are rewarded with the governance token BAMBOO, which can be used to vote on future project decisions, as it is community-driven, or can be sold at market price. Once used for voting, this token is also sent to the dead wallet. The collateral staking mechanism allows Pandoshi to reward their users for holding while simultaneously protecting the value of the native coin PAMBO from inflation.
Click Here To Take Part In Pandoshi Presale
The sale of the PAMBO token is divided into five phases, each with different pricing, and it is currently in its final phase, Phase 5, with 50% of the tokens already sold.
- First Stage: Completed
- Second Stage: Completed
- Third Stage: Completed
- Fourth Stage: Completed
- Fifth and Final Stage: Offering tokens at $0.01 each
Pandoshi recently celebrated a key achievement with the beta release of the Pandoshi Wallet on the Google Play Store, as revealed through their Twitter updates. This progress, aligning with the ongoing presale phase, marks a significant expansion for the initiative. It highlights its compatibility with Ethereum Virtual Machine (EVM) compatible chains and outlines aspirations for forthcoming connections with non-EVM chains. Additionally, the team is developing an iOS version of the wallet, intending to extend the project's accessibility.
Conclusion
This project holds significant potential, having introduced many new concepts to the blockchain world. It features a deflationary asset and has developed one of its products ahead of the initial roadmap projections. This explains the rapid accumulation of holders and the near sell-out in just one month. Following this, we look forward to the conclusion of the presale and the launch on both centralized and decentralized exchanges.
For additional details on Pandoshi (PAMBO), please refer to the following links:
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/