In the ever-changing crypto market, fresh and innovative projects frequently enter the scene, posing a challenge to the established leaders. This article goes into the rise of Pandoshi (PAMBO) as it positions itself as a notable competitor to Solana (SOL). We’ll investigate what makes Pandoshi an intriguing new promising crypto.
Solana (SOL)
Since its launch in March 2020, Solana (SOL) has rapidly become a key player in the blockchain world, notably for its high-speed transactions and low fees, addressing limitations in networks like Ethereum. Its innovative Proof of History (PoH) and Proof of Stake (PoS) mechanisms allow processing up to 65,000 transactions per second, far outpacing Ethereum’s capabilities. However, Solana’s rapid growth has not been without challenges. The network has faced issues like congestion and delays, particularly during peak demand periods such as token sales on platforms like Raydium, raising concerns about its ability to maintain performance under high pressure.
Pandoshi (PAMBO)
In just two weeks, Pandoshi has impressively raised over $1.7 million, showcasing robust investor confidence in its future. The project is a testament to the foundational principles of blockchain – decentralization, privacy, and economic self-reliance. Pandoshi exemplifies a community-driven decentralized project, with its users actively involved in guiding its course.
The platform offers a variety of decentralized services, including a Layer-2 network built on the Proof of Stake protocol, a decentralized exchange, a secure non-custodial wallet, Metaverse gaming, and educational resources at Pandoshi University. It also features cryptocurrency-compatible prepaid cards, simplifying global crypto management without requiring Know Your Customer (KYC) protocols.
Currently, Pandoshi is progressing through a five-phase presale, with tokens priced at $0.006 in the ongoing third phase. Prices are expected to rise to $0.008 in the fourth phase, eventually reaching $0.01 in the final phase, marking a significant step in Pandoshi’s journey.
The Pandoshi ecosystem is centered around the PAMBO token, used within its PandaChain network, Metaverse games, and as currency at Pandoshi University. PAMBO’s value is underpinned by a buy-and-burn mechanism, with a plan to withdraw 80% of its total supply from circulation, enhancing its scarcity. PAMBO tokens are available for acquisition either through purchase or active participation in Pandoshi’s initiatives.
Pandoshi recently announced on Twitter their swift progress and the upcoming beta launch of their Pandoshi Wallet, compatible with Android and iOS devices. This wallet, supporting all Ethereum Virtual Machine (EVM) compatible chains initially, with plans to include non-EVM chains, marks a critical milestone in their presale phase.
Pandoshi is being praised for its steadfast commitment to decentralized finance (DeFi), focusing on open-source development and fostering community-led governance. This commitment is attracting numerous privacy and decentralization-focused investors. The initiative to make all platforms open-source aligns with the community’s demand for transparency and cooperative engagement in the crypto world.
The introduction of the open-source, non-custodial Pandoshi Wallet, soon to be available on GitHub, further demonstrates this commitment, inviting collaborative development from both the community and project developers, solidifying Pandoshi’s position as a staunch advocate for decentralized finance principles.
Click Here To Take Part In Pandoshi Presale
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
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