By CryptoNews - 2 months ago - Reading Time: 3 minutes
Pandoshi Poised for Significant Growth Similar to Polygon (MATIC) in 2024
Pandoshi (PAMBO) is an emerging crypto project that aims to champion decentralization, privacy, and monetary freedom. With an ecosystem of decentralized products, Pandoshi seeks to emulate the meteoric growth seen by Polygon (MATIC) in 2021.
An Introduction to Pandoshi
Inspired by Satoshi Nakamoto’s vision, Pandoshi manifests the ideals behind blockchain technology – decentralization, privacy, and financial autonomy. Its mission is to build an ecosystem of decentralized finance (DeFi) products, including a layer-2 blockchain, decentralized exchange (DEX), non-custodial Pandoshi Wallet, metaverse, crypto debit cards, and more.
At Pandoshi’s core are the utility token PAMBO and the governance token BAMBOO. PAMBO powers transactions across Pandoshi products as the native token. Meanwhile, BAMBOO allows community members to vote on the project’s future direction. Unlike PAMBO which has a fixed supply, BAMBOO is inflationary without a supply cap.
With 50% of the total supply going to public presales, PAMBO takes a community-focused approach. Its buyback-and-burn mechanism makes it deflationary, with the token burns continuing until 80% of the circulating supply is removed.
The Polygon (MATIC) Growth Story
In 2021, Polygon saw meteoric growth in adoption and price. Its native token, MATIC, rose over 10,000% by the end of 2021.
In November 2021, Malaysia-based Enegra Group moved its $3.4 billion equity token offering from Ethereum to Polygon. This shift enabled faster and cheaper transactions for investors. Polygon’s infrastructure allowed Enegra to seamlessly migrate tokens while retaining the same wallet addresses. Other protocols, like SushiSwap, Decentraland and OpenSea, were also launched on Polygon.
This adoption and network effects spawned bullish momentum on MATIC’s price. Polygon reached an all-time high of $2.91 on DDecember27, 2021. MATIC currently trades 80% below this all-time high.
Pandoshi’s Growth Potential
As an emerging project, Pandoshi seems poised to emulate Polygon’s growth trajectory in 2024. Its ecosystem aims to solve many pain points holding back crypto adoption – scalability, usability, and fees.
For example, Pandoshi is launching PandaChain – a layer-2 proof-of-stake blockchain. PandaChain will boost scalability and reduce fees via innovations like zkEVM and PolyBFT consensus. It bridges to Ethereum while supporting ERC token standards.
On usability, Pandoshi launched its non-custodial wallet for easy onboarding. The wallet is now available on Android, with an iOS version underway. PandoshiSwap will also make token swaps accessible for pro and new users alike.
With wider adoption, the deflationary PAMBO token can see massive price appreciation. Currently in presale at $0.01 per PAMBO, the token has enormous room for growth, like MATIC. Pandoshi also plans to list PAMBO on major exchanges like Binance, Coinbase, and Uniswap after its launch.
Moreover, 50% of PAMBO’s supply goes to public presales, making it a community-focused project. PAMBO buybacks-and-burns further boost holding incentives. With network effects, the token can easily 100x as Polygon’s MATIC did.
Conclusion
In 2021, Polygon grew rapidly by providing much-needed scalability and usability to crypto users. Riding on this adoption, its token MATIC surged exponentially in value as well. As an emerging project, Pandoshi seems set to chart a similar trajectory to Polygon in 2024. With innovations across decentralization, usability, and tokenomics, the foundations are laid for PAMBO to break out. If executed well, PAMBO can easily replicate MATIC’s 10,000% explosion.
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/
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
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Original source: CryptoNews