Solana Competitor Priced at Just $0.008 Debuts DeFi Wallet During Presale Period

cryptonews.com:

As the decentralized finance (DeFi) space continues to evolve, a new contender has emerged to challenge established platforms like Solana (SOL). Pandoshi (PAMBO), priced at just $0.008 per token, has made a striking debut with the launch of its Pandoshi Wallet amidst its ongoing presale phase. This strategic move underscores Pandoshi’s commitment to innovation and its ambition to be a leading player in the world of DeFi.

Despite being a relatively new project, Pandoshi has raised over $2 million in its ongoing presale. The campaign has been successful, progressing swiftly. It is currently in its fourth phase, with higher hopes for its native token, PAMBO, to see a price increase.

Pandoshi is a blockchain protocol based on decentralization, privacy, and community control. It is a Proof of Stake layer-2 network with elements like a DEX, a non-custodial Pandoshi Wallet, an educational platform, Metaverse games, and cryptocurrency debit cards.

PAMBO, Pandoshi’s native token, employs a deflationary model using a buy-and-burn mechanism. This involves buying back tokens and permanently removing them from circulation, increasing the scarcity and value of the remainder.

Of the 2 billion PAMBO tokens minted, 50% are allocated to the presale, with the rest distributed for liquidity and marketing efforts. Pandoshi aims to reduce supply over time to aggressively boost PAMBO’s scarcity.

Click Here To Buy PAMBO Tokens

A key development is the beta launch of the Pandoshi Wallet on Android, with an iOS release expected soon. Coming amidst the presale, this unexpected but strategic move has strengthened trust in the project’s ability to deliver ahead of schedule.

Pandoshi establishes itself as a proactive and user-focused platform by