Emerging in the crypto world in November 2023, Pandoshi has quickly gained attention as a potential game-changer. While it could be mistaken for yet another meme coin at first glance, a closer inspection reveals its true essence as a deflationary utility token of significant value. The Pandoshi deflationary utility token, PAMBO, is at the core of the project’s innovative approach.
Understanding the Deflationary Mechanism of PAMBO
Pandoshi uses a unique strategy to boost the value of its native cryptocurrency, PAMBO. The project periodically buys back and burns some of its tokens from the market, thereby reducing PAMBO’s availability. This deflationary mechanism has the potential to increase the token’s value over time, much like the scarcity principle that drives up the value of collectible items. This strategy continues until 80% of the total PAMBO supply is removed from circulation.
The Role of PAMBO in the Pandoshi Ecosystem
PAMBO plays a vital role in the Pandoshi ecosystem, serving as the primary utility token. It is used for various activities within the Pandoshi network, including transactions on PandaChain (Layer 2 Network), in the Metaverse Game, and as a transactional medium at Pandoshi University. Furthermore, PAMBO is subject to a unique buy-and-burn mechanism enforced by PandoshiSwap (DEX) and Cardoshi (prepaid cards).
The Dual Token System: PAMBO and BAMBOO
While PAMBO is the primary utility token, BAMBOO operates as a secondary token within the Pandoshi ecosystem, primarily serving as a governance token. Unlike PAMBO, BAMBOO adopts an inflationary approach and has no fixed supply cap. BAMBOO is earned through collateral staking of PAMBO tokens, a concept introduced by Pandoshi to encourage holding the primary token by rewarding holders with a secondary token. This strategy protects the main asset from inflation, thereby preserving its value.
When individuals stake their PAMBO tokens, they receive Shares proportional to the total PAMBO staked by the entire community. As more PAMBO is staked, an individual’s Share percentage decreases, promoting a decentralized spread of voting power and influence. Any BAMBOO tokens used in governance votes are permanently removed from circulation, emphasizing their sole function in governance activities.
Of the total 2 billion PAMBO tokens released by Pandoshi, half were set aside for the presale phase. The rest are distributed as follows: 20% to provide liquidity on decentralized exchanges (DEX), 10% for centralized exchanges (CEX), and 20% for the Bonus scheme.
Currently in its third phase, the presale of Pandoshi lists PAMBO tokens at $0.006 each. As it progresses to the fourth phase, the price will increase to $0.008, eventually reaching $0.01 in the final phase. Pandoshi recently announced on Twitter that they are ahead of schedule and plan to launch the beta version of the Pandoshi Wallet during their ongoing presale phase.
The forthcoming wallet beta is designed to initially support all EVM (Ethereum Virtual Machine) chains, with plans to extend its compatibility to include non-EVM chains in future updates. The wallet will be available as an app for both Android and iOS users, thereby expanding its accessibility.
Pandoshi also plans to distribute its project NFTs for free to early supporters and is organizing a giveaway where ten lucky entrants will have the chance to win part of a $100,000 pot ($10,000 per person). To participate, individuals only need to engage with the project’s official social media platforms, such as Twitter, Telegram, and Discord.
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