Polygon, previously known as the Matic Network, rose to prominence in 2022 as a leading Layer 2 scaling solution for Ethereum. This project has seen little competition in the last two years. But now, a new project called Pandoshi rivals Polygon as it aims to offer similar capabilities while also providing a suite of additional DeFi services.
What Is Pandoshi?
Pandoshi is rapidly emerging as a prominent cryptocurrency, notably priced below $0.01. Since its late November launch, it has achieved notable success, raising over $3.5 million in its presale phase and drawing attention, especially from early investors of Shiba Inu and Dogecoin.
Operating in the decentralized finance (DeFi) space, Pandoshi offers a variety of features that actively involve users in blockchain technology. It aims to create more than just a financial platform, focusing on a community-driven approach that prioritizes decentralization, privacy, and user empowerment.
This new cryptocurrency has seen a remarkable 500% increase in value since the start of its presale. Initially priced at $0.002, the token price has risen to $0.01 in the fifth and final phase, indicative of increasing market interest and investor demand. This trend has made Pandoshi a standout choice for those seeking an affordable entry into the crypto market.
Pandoshi’s robust infrastructure includes a Layer-2 Network based on the Proof of Stake protocol, providing an environmentally friendlier option than traditional Proof of Work models. Its ecosystem features a decentralized exchange, a secure, non-custodial Pandoshi Wallet, Metaverse gaming, educational initiatives, and cryptocurrency-compatible prepaid cards. Central to this ecosystem is the PAMBO token, first introduced on the Ethereum blockchain.
PAMBO is designed with a deflationary approach, employing a buy-and-burn strategy to enhance its scarcity. This involves buying tokens at market price and subsequently removing them from circulation.
The token’s value is further boosted by elements like its decentralized exchange, which levies fees on transactions. These fees are then used to purchase and retire PAMBO tokens from the market, contributing to their scarcity and value.
The presale of Pandoshi is structured in distinct stages, reflecting its escalating value:
- First Stage: Sold Out.
- Second Stage: Sold Out.
- Third Stage: Sold Out.
- Fourth Stage: Sold Out.
- Fifth and Final Stage: Tokens available at $0.01 each.
Pandoshi presents itself as an attractive investment opportunity in the cryptocurrency space. It offers a balanced mix of affordability and potential for significant growth, making it an appealing option for investors looking for promising returns.
Pandoshi Will Outperform Polygon In 2024
With robust utility spanning No KYC Crypto Cards, PandoshiSwap (DEX), non-custodial Pandoshi Wallet, and Metaverse Games, Pandoshi aims to become the de facto Layer 2 blockchain for decentralized apps in future.
Getting in early while tokens are cheap could prove to be a lucrative investment as adoption of this new platform gathers steam through 2024. The project’s backers certainly seem confident that Pandoshi is set to unseat more established analogs like Polygon in the coming years. Expert analysts agree as they predict Pandoshi to reach at least 25x its current value by the end of this year.
One thing to note here is that the time to invest in Pandoshi is ideal right now. The presale is currently in its fifth and final phase with a token price of $0.01. Once this phase ends, so will the presale. The token will then only be available upon its eventual debut on exchange listings where it will be priced exponentially higher than its current rate.
Click Here To Buy PAMBO Tokens
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
Source: https://www.cryptopolitan.com/competitor-to-polygon-matic-set-for-25x-increase-in-2024-now-valued-at-just-0-01/