The cryptocurrency market has seen the rise of meme coins like Dogecoin and Shiba Inu. However, a new player, Pandoshi, seems ready to give them tough competition. Analysts believe Pandoshi can capture significant market share with innovative features and strong community engagement.
What is Pandoshi?
Pandoshi emerges as a manifesto championing decentralization, privacy, and monetary freedom. Its mission is to build an ecosystem of decentralized products that enable frictionless on-chain interactions.
The native token, PAMBO, operates on a deflationary model with a buyback-and-burn mechanism. As per tokenomics, the burning of PAMBO tokens will continue until 80% of the supply is out of circulation.
Pandoshi also has BAMBOO as the governance token for community voting. Unlike PAMBO, BAMBOO has an inflationary supply without a hard cap.
Pandoshi aims to launch a full suite of decentralized offerings:
Pandoshi Wallet: A non-custodial cryptocurrency wallet that has already launched on Android. The iOS app is expected in the coming weeks
PandaChain: A low-cost Proof-of-Stake layer-2 blockchain solution to enable faster and affordable transactions.
PandoshiSwap: A decentralized exchange with PAMBO as one of the initially tradable pairs. The DEX will contribute to PAMBO burn via trading fee accumulation and buyback.
Cardoshi: A crypto debit card with no KYC requirements, providing easy spending of PAMBO and other cryptocurrencies for daily transactions.
Dogecoin: The Original Meme Coin
Dogecoin started in 2013 as a joke but soon captured investor interest. Its popularity has peaked during speculative rallies, with the price surging dramatically within short intervals.
Companies like Tesla and SpaceX have expressed support, expanding DOGE’s utility for online payments and donations. The vibrant Dogecoin community is recognized for coordinating charity fundraisers, adding to its appeal.
Shiba Inu: The Self-Proclaimed “Dogecoin Killer”
As a Dogecoin spinoff, Shiba Inu has also gained meteoric rise fueled by aggressive social media campaigns. Its ecosystem includes DeFi features such as the ShibaSwap platform and Shiboshi NFTs.
SHIB has also attracted plenty of criticism for the speculative mania surrounding it. Detractors point out weak fundamentals and technology.
Nonetheless, Shiba Inu continues to gain traction among investors looking for high-risk, high-return crypto bets. If it overcomes the scalability and security limitations over time, SHIB could even establish itself as a decentralized finance player.
Pandoshi’s Edge over Dogecoin and Shiba Inu
Pandoshi checks several boxes on tangible utility, use cases, community participation, and technology vision compared to its meme coin peers.
Real-World Usage: Pandoshi aims for extensive real-world adoption, from crypto debit cards to blockchain payments within its ecosystem.
Future-Ready Platform: Unlike meme coins largely relying on external platforms, Pandoshi is launching its high-performance blockchain, wallet, DEX, and payment instruments to facilitate wide use.
Balanced Tokenomics: Pandoshi’s buyback-and-burn dynamics offset some weaknesses in tokens like DOGE and SHIB criticized for unlimited supply and centralized control.
Conclusion
While Dogecoin retains the first-mover edge, Shiba Inu boasts higher name recognition, and both command billion-dollar market values. Pandoshi, on the other hand, brings next-generation features not seen in most meme coins so far.
With a sound roadmap spanning payments, DeFi, university and the metaverse – Pandoshi seems ready to usher in the next evolution of community-driven cryptocurrencies.
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/
Source: https://www.cryptopolitan.com/new-0-01-cryptocurrency-pandoshi-poised-to-take-market-share-from-dogecoin-and-shiba-inu-say-analysts/