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In the growing world of blockchain, new players are coming in, looking to make a big impact and become key figures. One such newcomer catching the attention of the crypto world is Pandoshi (PAMBO). With its big goals, fresh ideas, and quick progress, many in the crypto community view Pandoshi as a project with a lot of promise.
What is Pandoshi (PAMBO)
Quickly earning a reputation in the crypto community, Pandoshi has raised over $1.7 million in just two weeks, reflecting the market’s belief in its future. Pandoshi stands as a testament to blockchain’s foundational principles of decentralization, advocating for privacy, and financial autonomy. It represents what blockchain was initially designed for and serves as an exemplary model of a decentralized, community-led project where the users hold sway over its trajectory.
The Pandoshi ecosystem is anchored by an array of decentralized services, featuring a Layer-2 network that operates on a Proof of Stake protocol, a decentralized exchange (DEX), a secure non-custodial wallet that users control, interactive games in the Metaverse, and educational platforms such as Pandoshi University. Together with cryptocurrency-compatible prepaid cards, these elements are designed to offer users around the globe a fast and easy way to manage their crypto assets without the need for Know Your Customer (KYC) checks.
Currently, Pandoshi’s presale is structured into five distinct phases. It’s navigating through its third phase with tokens priced at $0.006. As the project progresses to the fourth phase, the token price is set to increase to $0.008, eventually reaching $0.01 in the last phase, marking a pivotal point for the project.
Click Here To Take Part In Pandoshi Presale
Within the Pandoshi ecosystem, PAMBO functions as the primary utility token. It’s used across PandaChain (Layer 2 Network), in the Metaverse Game, and as a transactional medium at Pandoshi University, and benefits from the buy-and-burn method adopted by PandoshiSwap (DEX) and Cardoshi (prepaid cards). As a deflationary token, PAMBO employs a buy-and-burn approach, ceasing once 80% of the total supply is out of circulation. PAMBO can be obtained through purchasing or participating in official Pandoshi activities due to its deflationary nature.
Yet, Pandoshi also introduces BAMBOO as a governance token, enabling community members to have a say in the future directions of Pandoshi. Unlike PAMBO, BAMBOO is inflationary with no set maximum supply and can be acquired through collateral staking of PAMBO tokens.
In practice, when users stake their PAMBO, they receive a proportionate number of Shares based on the total PAMBO staked. As the amount of staked PAMBO increases, an individual’s percentage of Shares decreases, ensuring a fair and decentralized influence distribution. The rewards for each Share are predetermined. Importantly, BAMBOO tokens used in governance decisions are permanently taken out of circulation, ensuring their role remains exclusively in governance.
It’s important to note that BAMBOO primarily functions as a governance token rather than a tool for earning yield. Nevertheless, BAMBOO holders have the liberty to trade their tokens on the market as they wish.
On Twitter, Pandoshi has excitingly revealed they are ahead of their initial timeline and are preparing for the beta release of the Pandoshi Wallet on Android and iOS. This advancement, amidst their active presale, signifies an important step forward for the project. The upcoming wallet beta is set to initially support all Ethereum Virtual Machine (EVM) compatible chains, with intentions to broaden its support to non-EVM chains in subsequent updates.
Pandoshi is receiving considerable acclaim within the crypto community for its firm commitment to the DeFi space, emphasizing open-source development and fostering a community-driven approach. This stance is attracting numerous investors who value privacy and decentralization. The project’s dedication to making all its tools and platforms open-source resonates with those seeking transparency and collective involvement in the crypto sphere.
The recent introduction of the non-custodial Pandoshi Wallet, which will be made available on GitHub for full open-source access, is a testament to this commitment. This move allows for potential collaborative maintenance and enhancement by both the community and the developers, further solidifying Pandoshi’s position as a project that truly embodies the principles of decentralized finance.
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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