In the dynamic 2023 crypto market, Binance Coin (BNB) has faced its challenges. As the primary cryptocurrency of the Binance Chain and central Binance exchange, BNB hasn’t lived up to investor expectations this year, with a modest 10.12% increase year-to-date, leading to concerns about its future growth.
At the same time, Pandoshi, a new platform based on Ethereum for decentralized finance or DeFi, is becoming well-known. Pandoshi allows people who like crypto to use their digital money easily in everyday life, offering a new choice for those seeking different investment opportunities. As BNB deals with its challenges, Pandoshi is emerging as a new option, offering a different take on the world of DeFi.
Binance Coin (BNB) has encountered multiple challenges this year, hindering its performance compared to other digital currencies. Overall market downturns and fierce rivalry from similar cryptocurrencies have affected its growth. BNB has faced specific issues, primarily due to its parent exchange, Binance, coming under intense regulatory examination worldwide. This includes several lawsuits in the U.S. by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Recent events have added to the coin’s struggles, such as the resignation of Binance’s CEO, CZ Zhao, following his arrest and multiple charges including breaching U.S. anti-money laundering regulations. These incidents have deterred investors, curbing BNB’s progression.
Despite these setbacks, Binance Coin remains a significant entity in the market. Although the forecast suggests a volatile path for BNB, with a price prediction of $302.48 in 2024, its status as a major market player offers the possibility of recovery and regaining its previous standing.
Pandoshi is a decentralized finance (DeFi) platform offering tools to enhance user engagement with blockchain technology. It aims to create a community-focused platform that values decentralization, privacy, and user empowerment.
The project has quickly gained traction in the crypto market, successfully raising over $1.7 million in just the first two weeks of its initial coin offering (ICO). Currently, in the third phase of its ICO, Pandoshi is gearing up for the fourth phase, which will see an increase in token price, marking a significant milestone for the project.
While it might seem like just another meme coin at first glance, Pandoshi is much more. It is a fully autonomous and decentralized ecosystem. The project’s whitepaper demonstrates a high level of professionalism and technical insight. At its heart, Pandoshi is committed to the values of decentralization, financial privacy, and community-driven governance.
Pandoshi stands out for its varied ecosystem and commitment to decentralization, financial privacy, and community-led governance. Here’s what sets it apart:
- Layer-2 Protocol: Pandoshi operates on a Layer-2 protocol using Proof of Stake, offering a greener alternative to the traditional Proof of Work models.
- Secure Exchange and Wallet: Pandoshi provides a secure decentralized exchange and a non-custodial wallet, Pandoshi Wallet, giving users control and safety.
- Clear Vision and Transparency: The project is committed to being open with its roadmap and continuous development, earning the trust of its potential investors.
- Metaverse and Gaming: Pandoshi is embracing the future by including metaverse gaming, blending the realms of virtual reality and cryptocurrency.
- Prepaid Crypto Cards: Offering prepaid cards that allow transactions without the need for KYC procedures.
The Pandoshi ecosystem employs a unique tokenomics model with its native token, PAMBO, designed to become more valuable over time through increasing scarcity. This is achieved via a strategic buy-and-burn approach.
Of the total 2 billion PAMBO tokens created, half are allocated for the presale, while the rest are designated for DEX and CEX liquidity, along with a Bonus program. In a significant move to bolster the token’s future worth and stability, Pandoshi plans to eliminate 80% of the total PAMBO supply. This aggressive strategy makes PAMBO a highly deflationary asset within the crypto market, enhancing its rarity and potentially boosting its per-token value as the available quantity diminishes.
Currently, Pandoshi is conducting its presale in five distinct stages. It is presently in the third stage, offering tokens at $0.006 each. The upcoming fourth stage will see an increase in the token price to $0.008, with the price scheduled to further ascend to $0.01 in the ultimate phase.
Following the end of its presale period, Pandoshi’s digital currency is set to debut on popular decentralized exchanges including Uniswap, before appearing on centralized platforms like Binance, Coinbase, and OKX. This approach is likely to create a rise in the token’s price, especially benefiting early investors.
Industry experts believe that 2024 could be a landmark year for Pandoshi as it draws considerable attention from the media and investment circles. This growing interest is expected to drive a substantial increase in its value post-presale. Predictions suggest the Pandoshi token’s price could climb to around $0.08 which is a 700% increase from the initial price, making it a cryptocurrency worth watching.