Another meme cryptocurrency? What kind of dog will it be this time?
Not this time. Today I'm sharing Pandoshi, a second-layer Proof of Stake solution powered by the Ethereum network.
What is Pandoshi?
Pandoshi, with its $PAMBO token, quickly gained a reputation in the crypto community, raising over $1.7 million in just two weeks after its pre-sale launch, reflecting community belief in its future market appreciation.
According to the creator, Pandoshi embodies fundamental blockchain principles such as decentralization, privacy advocacy, and financial autonomy. It represents the essence for which blockchain was initially designed, serving as an exemplary model of a community-led decentralized project, where users influence its trajectory.
Panda Ecosystem
The Pandoshi ecosystem is supported by various decentralized services, including a Layer-2 network operating on a PoS protocol, a decentralized exchange (DEX), a user-controlled secure non-custodial wallet, future interactive games in the Metaverse, and educational platforms like Pandoshi University. Alongside cryptocurrency-compatible prepaid cards, these elements are designed to offer users worldwide a quick and easy way to manage their crypto assets without the need for KYC identity checks.
Below, I'll highlight some key points of the ecosystem, but it doesn't end there.
PandoshiSwap
- PandoshiSwap is a decentralized cryptocurrency exchange (DEX) designed for peer-to-peer trading, enabling direct token swaps without intermediaries. This enhances privacy and security compared to centralized exchanges (CEXs). Unlike Uniswap, PandoshiSwap refrains from unfairly banning assets, aligning with DeFi principles, and firmly avoiding the need for identification.
Pandoshi Wallet
- Pandoshi Wallet, interconnected with PandoshiSwap, offers an integrated swap and bridge functionality. It empowers users to stake within the wallet, establish recurring payments, and execute transactions without owning the native coin of the network, facilitating payment with other held assets. Anticipate the introduction of numerous innovative features yet to be seen in existing platforms.
Pandoshi University
- Pandoshi University aims to bridge the educational gap in cryptocurrency for the upcoming wave of users, simultaneously raising awareness about the PAMBO token. Utilizing a blend of synchronous and asynchronous learning methodologies, the university strives to democratize cryptocurrency education.
Tokenomics
The main utility token is $PAMBO, as mentioned in the introduction. It will be used throughout the Pandoshi structure and ecosystem, from fee payments through its PandoshiSwap platform to uses in its Metaverse, although there's currently no solid project for the Metaverse yet.
Next, we have the $BAMBOO token, intended for the community to decide on the future of Pandoshi. Unlike PAMBO, the governance token BAMBOO is inflationary, with no maximum supply cap.
Pre-Sale
Currently, the Pandoshi pre-sale is structured in five phases. As of the day of this post, its fourth phase is almost complete with tokens priced at $0.008. This means only 43% of the total stock is left in this phase. I acquired only 1000 $PAMBO tokens. I'll wait for the next phase and look into other projects a bit.
Final Thoughts
Among all the meme-related cryptocurrencies that have emerged in 2024, I would choose to invest in Pandoshi. It seems like a well-formed and structured idea from the Whitepaper and the presentation on the site, although I am concerned that the responsible parties are anonymous.
Personally, I dislike investing in projects with completely anonymous developers or responsible individuals who only use an account related to the project to communicate with the community. But considering that they are quite active on social platforms, I bet that this issue will be resolved in the future. There are still doubts about KYC auditing.