Over the past few years, the decentralised finance (DeFi) area has experienced significant growth, with new initiatives appearing on a regular basis. Among the most well-known names in DeFi are Cardano (ADA) and Solana (SOL). But Pandoshi (PAMBO), a fresh competitor who has just entered the fray, poses a danger to the current quo.
An Overview of Pandoshi Pandoshi is a recently launched DeFi project that aims to create a strong decentralised product ecosystem. The foundation of it all is PandaChain, a Layer-2 blockchain system that makes use of cutting-edge innovations including zero-knowledge proofs. Because of this, Pandoshi is able to provide both scale and secrecy.
With a 2 billion token supply, PAMBO is the native utility token that powers the Pandoshi ecosystem. PAMBO has a purchase and burn mechanism that gradually reduces circulation, making it a deflationary asset. PAMBO is on sale now for presale buyers. With almost $3.5 million raised, the presale is currently in its latter stages.
The Road Map of Pandoshi
For 2024, Pandoshi has a bold strategy in place. PAMBO is scheduled to float on major exchanges like as Binance and Coinbase when the current presale ends. The release of crucial DeFi products, such as the Pandoshi decentralised exchange (DEX), will come next.
Additionally, PandaChain’s mainnet will launch, strengthening PAMBO’s deflationary mechanism. Up to 2024, more goods such NFTs, P2E games, cryptocurrency debit cards, and educational platforms will be released.
How Pandoshi Differs from Cardano (ADA) and Solana (SOL)
Solana is a well-known smart contract platform with a current valuation of more than $40 billion. It reported astronomical gains of 900% in 2023. Another community-driven blockchain project with a strong research component is Cardano. The native coin of Cardano (ADA), ADA, has a market valuation of over $16 billion.
Even though Cardano (ADA) and Solana (SOL) have dominated the market thus far, Pandoshi has a great chance to overtake its more established competitors. By merging the advantages of both projects, Pandoshi provides a democratic, community-focused approach and quick, inexpensive transactions using PandaChain.
By burning tokens, Pandoshi also actively strengthens PAMBO’s deflationary characteristics. PAMBO is now trading for a pitiful $0.01, whereas Solana (SOL) is valued at $96 and Cardano (ADA) is valued at $0.47. PAMBO’s price is expected to rise as Pandoshi follows through on its plan and more items are released through 2024, leading to a shortage in supply and increased consumer demand.
Pandoshi’s decentralised philosophy is another feature that makes it appealing to the larger DeFi community. As 2024 progresses, PAMBO appears to be vastly outperforming SOL and ADA, with the public firmly in charge.
The Way Forward
Now that the presale is nearing its conclusion, this is a fantastic chance to support Pandoshi early. The concept has enormous utility potential since it provides a whole range of DeFi goods in addition to digital assets.
Moreover, Pandoshi is prepared to take the lead in the market by fusing the speed of Solana with the spirit of Cardano and strengthening it even further with deflationary tokenomics. With major exchange listings getting closer, PAMBO’s $0.01 price tag also offers plenty of opportunity for multiple profits.
Advocates of decentralised money find Pandoshi to be a perfect fit. As adoption picks up steam in 2024 and beyond, all indications point to PAMBO smashing records and continuing to advance as the preferred DeFi gateway. The next Cardano or Solana murderer may have appeared in Pandoshi.
With over four years of immersive experience in the crypto industry, Nick is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
He brings a unique blend of technical insight and communicative flair to the crypto space.
Having penned countless articles, analyses, and market reports, Nick has developed a distinctive voice that resonates with both seasoned investors and crypto newcomers alike.