In recent years, cryptocurrencies have become really popular. Bitcoin and Ethereum are the most famous ones, but there are also other coins called altcoins that can make you a lot of money. For instance, Solana (SOL) has grown a lot, going up by more than 2,700% in the last three years. Now, there’s a new cryptocurrency called Pandoshi (PAMBO) that costs less than $1, and it aims to give you even more profit.
Introducing Pandoshi
Pandoshi wants to support decentralization, privacy, and financial freedom. It’s driven by the community, which means the community makes decisions about the system. The aim is to create decentralized products like a blockchain, decentralized exchange (DEX), wallet, and other things. Important features include:
- PandaChain is a quick and affordable blockchain designed for the Pandoshi system. It lets you do things like smart contracts, NFTs, and private transactions.
- PandoshiSwap is a decentralized exchange where you can trade tokens. Each trade on this exchange burns PAMBO tokens, which helps reduce their supply.
- Pandoshi Wallet is a cryptocurrency wallet that doesn’t hold onto your money for you. It’s now available on Android, and the iOS version will be out in a few weeks.
Comparing Pandoshi and Solana
Solana is a type of blockchain that’s designed to be fast and handle a lot of transactions. The main thing that sets Solana apart from Pandoshi is where they are in their development. Solana started working in 2020 and already has many active apps. On the other hand, Pandoshi is getting ready to start in 2024, but it’s expected to have more potential for success.
Solana can process 50,000 transactions every second, which is similar to Visa’s capacity. However, sometimes Solana may experience temporary outages due to blockchain congestion. Pandoshi’s PandaChain aims to be even faster and more scalable than Solana without facing the same outage problems.
SOL, the main token of Solana, has a set maximum amount of 511 million. Pandoshi, on the other hand, currently has 2 billion PAMBO tokens in circulation. But Pandoshi is actively reducing the number of PAMBO tokens, making it deflationary. They plan to do this through the decentralized exchange (DEX), cryptocurrency card payments, and other methods until 80% of the tokens are taken out of circulation. This process might increase the value of PAMBO in the long run.
Solana is mainly focused on decentralized finance and NFTs. Pandoshi, however, aims to reach a broader audience, including everyday people. They offer products like payment cards, an education platform, and integration with the metaverse to make Pandoshi more accessible to regular users.
Higher Growth Potential from Early Stage
Pandoshi is a new project that’s just starting out and has the potential for big growth. Solana, another cryptocurrency, is already worth $42 billion, with each coin priced at $100. On the other hand, PAMBO, a coin in its early stages, is currently selling for $0.01 in its presale. If things go well with the project, the value of PAMBO could go up a lot. If Pandoshi’s DEX (decentralized exchange) and blockchain get widely used and get listed on more exchanges, its total value could quickly go beyond $100 million.
In the future, PAMBO’s tendency to decrease in value gives hope that the token could become as valuable as Solana is now, which is worth billions. This would mean more than a 500-fold increase from the current presale rate.
Conclusion
Bitcoin was one of the first cryptocurrencies to use blockchain technology. Solana improved on this by creating even faster and more scalable blockchains. Now, Pandoshi wants to bring decentralized finance to more people and make cryptocurrency easy for everyone to use.
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