Pandoshi (PAMBO) is a new entrant in the cryptocurrency space that aims to revolutionize the traditional financial system using blockchain technology. The project, which is expected to make its debut this year on Uniswap, has been drawing the attention of the crypto community with its distinctive features.
As the project continues to gain interest, experts and analysts assume there is potential for the PAMBO token to surge in 2024.
This article will explore various elements of Pandoshi and its native utility and governance token PAMBO that will drive its growth while also evaluating its market performance. However, you should note that the cryptocurrency market is highly volatile and should be approached with a level of caution.
So, let’s get started.
What is Pandoshi (PAMBO)?
Pandoshi is a decentralized finance (DeFi) protocol powered by the proof-of-stake (PoS) consensus that operates on a Layer-2 scaling network. The ecosystem encompasses a decentralized exchange (DEX), a secure non-custodial wallet, metaverse games, educational projects, and a prepaid cryptocurrency card.
All of these services are set to function without the need for users to sit through a Know-Your-Customer (KYC) procedure.
The Pandoshi DEX has multi-chain support, meaning it will be interoperable with other blockchains and is expected to support cross-chain bridges that will allow users to exchange tokens across different networks instantaneously and at a very low cost.
Meanwhile, the Padoshi Wallet is a non-custodial wallet that gives users complete control over their crypto assets. The protocol is looking to safeguard users’ funds in such a way that they won’t ever have to give away control of their assets for any reason whatsoever.
What is the PAMBO Token?
PAMBO is the cornerstone of the Pandoshi network’s economic model. The utility and governance token is engineered to become increasingly rare over time. The scarcity of PAMBO is driven by a bespoke buy-and-burn strategy.
The project’s developers have issued a total of 2 billion PAMBO, out of which, half has been allocated for the presale campaign. The remaining tokens are distributed among various participants, such as 20% of the supply being dedicated to bolstering liquidity on DEXs like Uniswap, 10% for centralized exchanges, and 20% for promotional activities conducted by the team like the Bonus Leaderboard program and various other giveaways.
When using the PandoshiSwap DEX, users are charged a 0.3% fee in PAMBO for every transaction. 70% of the transaction fees are given as a reward to liquidity providers, while 30% is dedicated to Pandoshi’s token buyback and burn program.
PAMBO is currently in its fourth presale phase, where each token is priced at $0.006. The price is expected to rise to $0.008 by the time the next presale phase rolls around. The team is aiming for a valuation of $0.01 per PAMBO in the final phase.
The cryptocurrency’s presale is a five-phase program, with the token experiencing a step-up in price after each round.
Phase 1: $0.002 per PAMBO
Phase 2: $0.004 per PAMBO
Phase 3: $0.006 per PAMBO
Phase 4: $0.008 per PAMBO
Phase 5: $0.01 per PAMBO
What is the Price Prediction for PAMBO in 2024?
Given the scenario where Pandoshi achieves a successful launch and establishes its presence in the highly competitive crypto market, the project will receive notable attention and will distinguish itself among peers in the industry.
Heightened demand suggests a strong demand for PAMBO’s initial token distribution. However, this could lead to a quick depletion of its initial supply but the situation may prompt those who missed out on the sale to go on the hunt for PAMBO on centralized and decentralized exchanges. This will potentially drive up the market value of the token, improving the profit prospects for investors.
The project’s buy-and-burn mechanism involves the periodic purchase and permanent removal of certain amounts of PAMBO tokens from circulation. This will ensure the tokens’ supply is decreased, which will exert upward pressure on its price as demand rises for the rare token.
Crypto analysts are setting ambitious price goals for PAMBO. This involves taking into account the project’s thoughtfully designed tokenomics structure and anticipated market dynamics. After considering various aspects like the positive market sentiment and the ecosystem’s strategic initiatives, it is assumed that PAMBO could reach a potential valuation of $0.10 in its first trading year.
This would be a remarkable 1,000% increase over its $0.0001 per token valuation from phase 1 of the pre-sale. The prediction is also a testament to the strong belief that the crypto market has in Pandoshi’s potential for future growth and success.
How to Buy Pandoshi (PAMBO)?
PAMBO is currently available on pre-sale on its official website. The cryptocurrency has not been listed on any exchanges but the team is expected to launch PAMBO on Uniswap once the pre-sale campaign is over.