Ethereum ETFs are expected to receive approval in May 2023, prompting investors to consider which cryptocurrencies could reap the most significant gains from the expected influx of capital. An emerging cryptocurrency, Pandoshi (PAMBO), appears well positioned to capitalize on the projected Ethereum price rise.
What is Pandoshi?
Pandoshi is a new cryptocurrency project inspired by the decentralization principles of Bitcoin creator Satoshi Nakamoto. Pandoshi's goal is to build an ecosystem of decentralized financial products, including its own layer 2 blockchain network called PandaChain, a decentralized exchange called PandoshiSwap, a non-custodial cryptocurrency wallet, and crypto debit cards.
Pandoshi features a deflationary tokenomic structure, with a buy and burn mechanism through PandoshiSwap and its crypto debit cards that reduces the circulating supply of 2 billion PAMBO to 20% over time. PAMBO serves as a utility token across all products and services in the Pandoshi ecosystem.
With strong token utility and deflationary properties, PAMBO offers ETF investors strong growth potential as rising utility and shrinking supply combine to make it scarcer.
There is also a governance token called BAMBOO that allows PAMBO holders to vote on future developments of the project.
Why Pandoshi is well positioned for the Ethereum rally
As a new cryptocurrency project actively building a suite of DeFi products and services, Pandoshi checks several boxes that make it a strong contender to ride the wave of Ethereum's impending price surge from the ETF approval.
Pandoshi benefits from strong name recognition and an existing community. This gives the cryptocurrency an advantage of widespread accessibility to attract investors new to the world of cryptocurrencies entering through Ethereum ETFs.
Pandoshi also makes cryptocurrencies easier to use for cryptocurrency beginners. Their upcoming crypto debit cards provide a payment interface familiar to traditional finance and do not require KYC. Meanwhile, those not deprived of liberty Pandoshi Wallet grants easy access to ETF investors to store their cryptocurrencies, such as ETH and PAMBO.
Ethereum Synergies
While Pandoshi is its own independent project, its goals closely align with those of Ethereum, as both aim to promote decentralized finance. PandoshiSwap offers automated trading and market making features like Uniswap. Meanwhile, Pandoshi's focus on accessibility, transparency, scalability, and lower fees makes it symbiotic with the ethos of Ethereum.
The launch of Pandoshi's products, including its layer 2 PandaChain network, Pandoshi Walletand PandoshiSwap DEX on Ethereum, immediately benefit ETH by improving functionality and driving adoption and transactions on the network. Pandoshi also plans to introduce features like zero-knowledge proofs for privacy. The project clearly expands the capabilities of Ethereum.
To increase accessibility and trading liquidity from the expected capital inflow of Ethereum ETFs, Pandoshi has confirmed upcoming listings on major centralized exchanges such as Binance and Coinbase. Decentralized exchange listing on Uniswap also provides people with custody and trading without a trusted intermediary.
Conclusion
As the approval of Ethereum ETFs is expected to inject substantial capital into Ethereum and surrounding DeFi projects, Pandoshi presents an attractive cryptocurrency for investors looking to make profits. Benefiting from tight Ethereum integrations, deflationary attributes, exchange listings, and strong community support, PAMBO deserves consideration to capitalize on the next Ethereum bull run.
Click here to participate in the Pandoshi pre-sale
Visit the links below to learn more about Pandoshi (PAMBO):
Website: https://pandoshi.com/
White paper: https://docs.pandoshi.com/
