By
Once a leading smart contract network, Cardano has fallen far behind its competitors and the distance keeps growing. This is largely due to the network’s peer-reviewed development method, which mandates that every platform update must be thoroughly scrutinized by numerous experts. While it may seem like a smart decision, the implementation of this method tremendously reduced Cardano’s upgrade speed.
Since even the smallest upgrades needed to be thoroughly reviewed by various experts, Cardano’s upgrade speed became so slow that the network’s technological infrastructure started becoming outdated. For this reason, people started leaving the network and the price of ADA has fallen by nearly 2x since the implementation.
While ADA’s lack of utility and declining prices have sent Cardano’s users to various competitors, the majority of them are moving towards an incredibly promising upcoming platform named, “Pandoshi.” There isn’t one but various reasons why people prefer Pandoshi over the alternatives, and we’re going to explore all of them.
Pandoshi (PAMBO)
The presale of Pandoshi’s cryptocurrency has made a striking debut in the crypto arena, rapidly gathering over $3 million in just a few weeks since its launch. This notable achievement highlights the project’s escalating interest and potential within the cryptocurrency community. As Pandoshi advances through its presale stages, now in its fourth phase and nearing the fifth, anticipation builds for an upswing in its token’s price, signifying a pivotal moment for Pandoshi and its backers.
Pandoshi distinguishes itself from the typical meme cryptocurrency offerings, standing out as a comprehensive, decentralized digital ecosystem. It embodies the foundational principles of blockchain technology, including decentralization, the safeguarding of financial privacy, and a governance model that is led by its community.
Central to the Pandoshi ecosystem is a Layer 2 network that leverages the Proof of Stake protocol, presenting a more eco-friendly option than the traditional Proof of Work approaches. The platform encompasses a suite of features such as decentralized exchanges, a secure, user-controlled wallet, engaging Metaverse gaming, educational resources, and crypto-compatible prepaid cards, all operating without the need for standard KYC verifications.
Click Here To Buy PAMBO Tokens
The PAMBO token, integral to the Pandoshi economy, is engineered to become increasingly rare over time, primarily through a strategic buy-and-burn mechanism. This approach is designed to significantly enhance PAMBO’s value, with the potential for substantial growth.
Out of the 2 billion PAMBO tokens created, half are designated for the presale, with the balance being distributed to support liquidity on both decentralized and centralized exchanges, as well as for various marketing and promotional activities.
Pandoshi’s innovative approach includes a commitment to drastically reduce the total supply of PAMBO tokens, underscoring its deflationary aspect and boosting its value and scarcity in the marketplace over time.
A significant milestone for Pandoshi is the introduction of the beta Pandoshi Wallet on the Google Play Store, with an iOS version expected shortly. Achieving this during the presale period has bolstered investor confidence, demonstrating Pandoshi’s capability to meet its objectives ahead of schedule.
The timely introduction of the wallet, coinciding with a critical phase of the project, underscores the team’s dedication to reaching significant milestones, reinforcing trust in Pandoshi’s strategic direction. The wallet’s compatibility with both EVM and non-EVM chains is a key feature, positioning Pandoshi as a potential leader in the ever-evolving crypto space.
In essence, Pandoshi’s deliberate buy-and-burn policy and its initiative to curtail the overall PAMBO supply are strategic efforts aimed at enhancing the token’s uniqueness and value, offering promising prospects as the ecosystem continues to grow.
In Summary
PAMBO is doing exceptionally well in areas where ADA falls short. Especially, in terms of practical utility and return potential. That’s exactly why the majority of former Cardano users are choosing PAMBO over ADA.
Click Here To Buy PAMBO Tokens
Visit the links below for more information about Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
The post Cardano’s Decline Leads Holders to Switch from ADA to Pandoshi (PAMBO) appeared first on Cryptonews.
