The world of cryptocurrency continues to expand with new and exciting projects entering the market. One such project that has generated substantial hype is Pandoshi (PAMBO), which has raised over $4 million in its presale so far. As a layer 2 scaling solution, Pandoshi positions itself as a direct competitor to Polygon (MATIC). So what makes this budding crypto startup stand out?
An Overview of Polygon (MATIC)
Before looking into Pandoshi, it helps to understand Polygon’s role. Essentially, Polygon serves as an easy-to-use platform for Ethereum scaling and infrastructure development. Its native token, MATIC, facilitates transactions on Polygon’s network.
Since launching in 2017, Polygon has quickly become one of the most widely used layer 2 solutions. However, as Ethereum continues to evolve, Polygon faces growing competition from alternative networks like Pandoshi.
Pandoshi’s Presale Performance
Pandoshi entered the market in late 2023, offering a suite of decentralized financial services and products. Its native token, PAMBO, aims to champion privacy, decentralization, and monetary freedom – aligning closely with blockchain’s original vision.
Pandoshi is currently in its final presale phase before launch, with each PAMBO token valued at $0.01. Out of a total supply of 2 billion, 1 billion PAMBO tokens were made available at the start of the public presale. So far, Pandoshi has raised over $4 million, an impressive presale performance that demonstrates strong investor confidence despite being new to the market.
PandoshiSwap and PandaChain
Two integral components of Pandoshi’s ecosystem are PandoshiSwap and PandaChain. PandoshiSwap functions as a decentralized exchange, with PAMBO as its native token. It also features a buy-and-burn mechanism to make PAMBO deflationary over time.
PandaChain, on the other hand, serves as a custom layer 2 solution tailored for Pandoshi’s product ecosystem. Both platforms aim to offer lower transaction fees and enhanced scalability compared to rivals like Polygon.
Strong Exchange Pipeline
In addition to its decentralized services, Pandoshi is pursuing listings on prominent centralized exchanges like Binance and Coinbase. Obtaining a listing on Tier-1 platforms remains crucial for reaching mainstream crypto audiences. Pandoshi also plans to list on DEX leader Uniswap shortly after launch. Its proactive listing plans set the project up for easy accessibility and liquidity.
The Pandoshi Wallet
In January 2024, Pandoshi launched its non-custodial wallet on Android, with an iOS release forthcoming. The Pandoshi Wallet enables key features like swapping PAMBO tokens, staking, and more. Having an intuitive official wallet builds the foundation for real-world adoption across Pandoshi’s ecosystem.
Looking Ahead
Pandoshi has exceeded expectations during its presale, outperforming many cryptocurrency projects at a similar stage. With the presale close to selling out, Pandoshi appears well-positioned to make a strong market debut. Between a custom layer 2 chain, vibrant product ecosystem, non-custodial wallet, and proactive exchange strategy – Pandoshi checks numerous boxes for investor appeal.
As more crypto participants learn about PAMBO’s vast potential, Pandoshi may establish itself as a leading innovator and legitimate rival to Polygon in 2024 and beyond.
Click Here To Join In The Pandoshi Presale
For additional details on Pandoshi (PAMBO), please refer to the following links:
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
Source: https://www.cryptopolitan.com/polygons-matic-competitor-at-just-0-01-raises-over-4-million-in-presale/