The cryptocurrency market has seen exponential growth over the past few years, with new projects launching constantly. However, finding the next major winner like Shiba Inu among thousands of altcoins can be challenging for investors. This is why analysts are closely watching the newly released Pandoshi token, as early indicators are showing it could follow a similar trajectory to the record-shattering returns of 43 million percent seen by SHIB investors in 2021.
Pandoshi: Meme and Utility
Pandoshi models itself ideologically on the vision for decentralization put forward by Bitcoin’s Satoshi Nakamoto. Its mission is to build an ecosystem of interconnected decentralized products with essential DeFi components, such as its network, DEX, and non-custodial wallet, at its core.
There is a fixed maximum supply of 2 billion PAMBO tokens, with 1 billion available via public presale. The token is deflationary thanks to a buy-and-burn mechanism that reduces the circulating supply as adoption increases.
The developers have stated that getting listed on major centralized exchanges, including Binance and Coinbase, as well as on top DEX Uniswap, is a priority. This will provide accessibility and liquidity from the outset.
The Pandoshi Ecosystem
The Pandoshi ecosystem that sets it apart centres on the following key components:
A custom proof-of-stake layer 2 blockchain solution is purpose-built to be the foundation supporting decentralized apps and services across the ecosystem. It uses advanced features of zkEVM to offer scalability and privacy.
An already launched non-custodial cryptocurrency wallet for storing, sending, and receiving PAMBO tokens and other assets. The Android app is now live, and the iOS version will be available soon.
A decentralized exchange harnessing automated market-making to allow swift swapping between cryptocurrency pairs. PAMBO’s buy and burn mechanism is natively integrated.
This service offers crypto debit cards with no KYC required. Spend PAMBO easily anywhere major cards are accepted. Part of each transaction feeds the PAMBO burn.
Shiba Inu (SHIB)
The incredible upside witnessed last year by early SHIB investors is what analysts feel Pandoshi may be able to mirror thanks to having robust functionality and utility baked in from the outset.
In the first 12 months of 2021, $100 invested in SHIB would have returned over $53 million at peak price. The asset rose in price mostly due to its meme status and community-building efforts. SHIB has since fallen over 80% from its record high.
It is the breakout momentum seen by Shiba Inu that Pandoshi hopes to replicate. But Pandoshi aims higher by having real-world use cases via its suite of decentralized finance products ready at launch. The analysts feel this intrinsic utility gives the project an advantage during any potential bull run.
The stunning 2021 performance of Shiba Inu highlights the kind of outsized returns possible in cryptocurrency. The recently launched Pandoshi token exhibits exciting potential in its bid to become a mainstream decentralized ecosystem. Savvy investors paying close attention early on may benefit significantly should adoption mirror SHIB.
Explore the following links for detailed information on Pandoshi (PAMBO):
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