Dogecoin (DOGE) came into prominence thanks to hype by billionaire Elon Musk. His tweets were enough to get the masses to pile into the coin. However, Musk has been silent on DOGE since then, and its value has dwindled. Pandoshi (PAMBO) is a better alternative to Dogecoin (DOGE) for several reasons. Here are the three main ones.
About Pandoshi (PAMBO)
Since its presale inception, Pandoshi has experienced an impressive 500% increase in its token price. Initially priced at $0.002, the token’s value has climbed to $0.008 in its fourth phase, reflecting increasing market interest and demand. This surge in value has drawn significant attention from the crypto community, positioning Pandoshi as a viable investment for those seeking cost-effective cryptocurrency options.
Pandoshi’s infrastructure is comprehensive, anchored by a Layer-2 Network operating on the Proof of Stake protocol, an environmentally friendlier alternative to the traditional Proof of Work models. This aligns with the project’s dedication to sustainability. The ecosystem includes a decentralized exchange, the recently launched non-custodial Pandoshi Wallet on the Google Play Store, Metaverse gaming, educational initiatives, and cryptocurrency-compatible prepaid cards. At its core is the PAMBO token, initially introduced on the Ethereum blockchain.
Designed with a deflationary approach, PAMBO incorporates a buy-and-burn policy that enhances its scarcity by acquiring and eliminating tokens from the market.
Significant features of the Pandoshi platform, such as its decentralized exchange, play a vital role in augmenting PAMBO’s value. Transaction fees on the exchange are used to buy back and permanently retire PAMBO tokens, thereby boosting their scarcity and value.
A key advancement for Pandoshi was the introduction of the beta version of the Pandoshi Wallet on the Google Play Store, a milestone shared with enthusiasm on their Twitter feed. This development, in sync with their ongoing presale, marks a substantial expansion of the project, especially in its support for Ethereum Virtual Machine (EVM)-compatible chains and upcoming plans to include non-EVM chains. There’s also an iOS version of the wallet in development, set to broaden the project’s accessibility.
This introduction to the Google Play Store has significantly raised Pandoshi’s market profile, easing doubts and fortifying investor confidence in its commitment to decentralized finance (DeFi). This strategy demonstrates Pandoshi’s focus on open-source development and community-driven governance, attracting investors interested in privacy and decentralization. The wallet’s release has ignited a surge in investor interest, prompting many to join the presale eagerly before its conclusion.
The Inflationary Nature of Dogecoin (DOGE)
Dogecoin (DOGE) was built from the ground up as a meme coin with no lasting value. It was a joke coin whose inventors expected it to have little value. The main proof is that Dogecoin (DOGE) is an inflationary token.
Today, there are billions of Dogecoin. Furthermore, 5.2 billion Dogecoin (DOGE) are minted every year. The inflationary nature means that the longer you hold DOGE, the more abundant they become. In any economy, increased supply leads to a decrease in price. Consequently, Dogecoin is a very bad investment to make.
It is one of the reasons why Musk fell in love with Doge, as it works just like fiat currency, which is the opposite of what crypto is about.
Unlike DOGE, Pandoshi (PAMBO) uses a deflationary mechanism. The token has an inbuilt buy-and-burn mechanism designed to help holders preserve their value over the long term. Consequently, within the first few weeks of launch, the value of PAMBO tokens could rise 100X. That is something that will never happen with DOGE.
Low Acceptance by Businesses for Dogecoin (DOGE)
Another reason why Pandoshi (PAMBO) is better than DOGE is its low acceptance rate by businesses. Even Elon Musk, who once said they would accept Bitcoin as payments for Teslas, has never accepted Dogecoin (DOGE). In the same period, many businesses today will let you pay in Bitcoin (BTC) and Ethereum (ETH).
Pandoshi (PAMBO) has a payment card that allows users to pay in crypto. The card will be popular with users as they do not have to undergo intrusive KYC processes. That is another reason why Pandoshi (PAMBO) is better than Dogecoin (DOGE).
Dogecoin (DOGE) Success Hinges on Musk’s support
Elon Musk is often called the ‘Dogefather.’ His millions of online followers have undoubtedly helped to grow Dogecoin (DOGE) to the level it is at today. However, that is also its most significant weak point. Elon Musk has flip-flopped on his support for crypto in the past.
He once denounced Bitcoin (BTC) for its environmental impact. If at one time Musk withdraws his support for DOGE due to legal challenges or any other reason, it would spell disaster for DOGE.
Pandoshi (PAMBO) is not beholden to the whims of one person. Instead, it is powered by a community of willing participants. The Pandoshi (PAMBO) team is actively working to promote the project online to amass a huge following. One person’s tweet cannot bring down a project powered by a large community. Consequently, that makes Pandoshi (PAMBO) a better option than Dogecoin (DOGE).
Pandoshi (PAMBO) aims to bring about a financial revolution that will impact billions worldwide. It is built on solid ground and has a plan to ensure its long-term success. Compared to Dogecoin (DOGE), it is a superior option. It is only a matter of time before it takes over.