Polygon (MATIC) is a popular layer-2 scaling solution for Ethereum, helping alleviate congestion and high fees on the network. However, a new competitor, Pandoshi (PAMBO), has recently entered the market, giving Polygon competition. Furthermore, PAMBO has achieved an incredible 500% gain in just one month during its presale event.
Introducing Pandoshi
Pandoshi brands itself as a manifesto championing privacy, decentralization, and monetary freedom. The project aims to forge an ecosystem of decentralized products including its own layer-2 blockchain called Pandachain, a DEX called PandoshiSwap, and an already released non-custodial wallet app for Android.
There is a dual token model consisting of the utility token PAMBO and a governance token called BAMBOO. PAMBO operates with a deflationary buyback and burn mechanic, while BAMBOO allows members to vote on future development decisions.
Pandoshi is currently in the final phase of its presale before PAMBO’s official launch. The supply is fixed at 2 billion PAMBO, with 1 billion available during the public sale. The presale has already raised over $5.8 million as it approaches the finish line.
Pandoshi’s parabolic 500% price surge is due to a combination of solid tokenomics and excitement building ahead of the official launch. The team confirmed listings on Binance and Coinbase shortly after launch, which could spark an even bigger rally.
The Android version of the Pandoshi Wallet also recently released to positive reception. The wallet offers secure and intuitive access to the Pandoshi ecosystem, helping drive adoption and interest before the token launch.
Additionally, the project’s deflationary token burn mechanics make PAMBO an intriguing speculative bet. With burns continually reducing the circulating supply, traders anticipate buying pressure to increase dramatically after launch.
Pandoshi vs Polygon (MATIC)
As alternatives aiming to improve Ethereum’s scalability, Pandoshi and Polygon share some superficial similarities. However, there are also clear differences that set the projects apart.
While Polygon focuses on providing generalized layer-2 infrastructure, Pandoshi takes a more application-specific approach. The project concentrates its development resources on core products like Pandachain, PandoshiSwap, and its wallet app rather than pursuing wide interoperability.
Pandoshi also brings more transparency regarding its token distribution and supply. PAMBO’s total supply is clearly set at 2 billion.
Finally, Pandoshi’s deflationary tokenomics lead some to believe it has greater speculative potential in the short term compared to MATIC’s inflationary model. With aggressive token burns ahead, traders anticipate that buying pressure on PAMBO may eclipse MATIC.
Conclusion
In just one month Pandoshi has demonstrated the kind of parabolic growth potential that turns heads in the crypto industry. With the presale nearing its end, the official launch could make the 500% gains so far look trivial.
While Polygon has its merits as a generalized layer-2 solution, Pandoshi brings more focused development on consumer products and deflationary tokenomics that traders find extremely intriguing. For those seeking explosive gains, PAMBO presents a compelling speculative opportunity worth considering.
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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Source: https://cryptodaily.co.uk/2024/02/this-polygon-matic-competitor-has-shot-up-500-in-a-month-time-to-buy