The Pandoshi project, known for its native token PAMBO, has recently taken a significant leap forward by launching PandoshiSwap, right after the successful completion of its presale phase. This strategic move not only marks the beginning of an anticipated buy-and-burn mechanism, where fees from the decentralized exchange (DEX) will be utilized to purchase and subsequently burn PAMBO tokens, but it also sets the stage for the project’s forthcoming listings on various exchanges. With the development team diligently working behind the scenes on other key products, including the iOS version of the Pandoshi Wallet, the PandaChain Testnet, and the eagerly awaited crypto cards pending the VASP license, the Pandoshi community’s patience and support are propelling the project into its next major phase of growth and market presence.
Pandoshi (PAMBO): Introduction
At first glance, Pandoshi might seem akin to the typical meme coin, yet it represents a far more intricate and self-sustaining ecosystem. Central to its philosophy are the principles of decentralization, the protection of users’ financial privacy, and the empowerment of its community to influence its direction.
Built upon a Layer-2 network that utilizes the Proof of Stake protocol, Pandoshi introduces an environmentally friendlier alternative to traditional Proof of Work models. Its ecosystem encompasses a variety of components, including decentralized exchanges (DEXs), user-controlled secure wallets, immersive Metaverse gaming experiences, educational platforms such as Pandoshi University, and cryptocurrency-compatible prepaid cards, all operating independently of any KYC requirements.
PAMBO, the ecosystem’s native token, is strategically designed to be deflationary, ensuring its value appreciates as it becomes rarer. Launched initially on the Ethereum blockchain, PAMBO integrates a buy-and-burn mechanism, a strategic approach where tokens are bought at market prices and then irrevocably eliminated, thereby reducing their availability and enhancing their value.
PandoshiSwap stands as a decentralized crypto exchange (DEX), crafted to facilitate peer-to-peer transactions, allowing users to seamlessly swap tokens without the intervention of intermediaries. This approach not only heightens the privacy and security of crypto trading but also ensures that assets are traded in a manner true to the decentralized ethos, unlike centralized exchanges (CEXs). Distinctively, PandoshiSwap pledges to maintain an open platform, refraining from arbitrary bans on assets, thus upholding the core values of DeFi. Moreover, it has committed to eschewing the integration of any “optional” KYC measures, preserving the anonymity and freedom of its users.
In its pursuit of broader accessibility and functionality, PandoshiSwap is set to support an array of blockchain networks, complete with an in-built bridge feature to facilitate the smooth transfer of assets across different chains. The platform has instituted a trading fee of 0.3%, from which 70% will be channeled towards rewarding liquidity providers, while the remaining 30% will be dedicated to the buy-and-burn initiative of PAMBO tokens. With the future rollout of PandaChain, PandoshiSwap is poised to ascend as the network’s designated official DEX, embracing all tokens within the ecosystem and those forged by the community for diverse projects. Furthermore, Pandoshi is ambitiously working towards creating a decentralized peer-to-peer marketplace within the DEX, enabling users to directly buy or sell crypto with fiat, thus circumventing the need for centralized exchanges and the traditional KYC protocols.
The Pandoshi team is thrilled to announce the successful completion of their presale, with all 1 billion PAMBO tokens fully subscribed by a strong community of over 12,000 investors. The team extends its sincere gratitude to every member who contributed, marking the beginning of an exciting journey filled with promising developments.
The focus is now shifting towards arranging listings on Centralized Exchanges (CEXs), a critical step that hinges on the development of several pivotal products and the successful acquisition of the VASP license. This effort is key to ensuring that PAMBO makes a significant splash in the market, optimized for stellar initial performance.
For the upcoming distribution of PAMBO tokens, participants are encouraged to add the custom token to their wallets by following the guidelines provided on the official website or through past updates shared on Pandoshi’s social media. The date for the airdrop will be communicated well in advance through the project’s official channels, ensuring everyone is well-informed and prepared.
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
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