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Dogecoin Issued 5 Billion DOGE Last Year, This New Deflationary Cryptocurrency to Replace It in 2024 | Finbold

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Dogecoin Issued 5 Billion DOGE Last Year, This New Deflationary Cryptocurrency to Replace It in 2024 | Finbold

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Dogecoin has long been one of the most popular and widely used cryptocurrencies. With its iconic Shiba Inu dog mascot and long history as the first meme coin, it has captured the hearts of many crypto enthusiasts.

However, some question whether Dogecoin has what it takes to stand the test of time. Last year alone, over 5 billion new DOGE tokens entered circulation, adding to concerns about inflation eroding Dogecoin’s value over the long run.

Enter Pandoshi, an exciting new crypto project aiming to dethrone Dogecoin and provide a truly deflationary store of value. Let’s explore what makes Pandoshi different.

Pandoshi: The Deflationary Dogecoin Killer

Unveiled late last year, Pandoshi leverages fundamentally deflationary tokenomics to create lasting value for holders. The total supply is strictly capped at 2 billion PAMBO tokens.

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Unlike Dogecoin’s steady stream of new tokens every year, Pandoshi institutes a “buy and burn” mechanism. A portion of every PAMBO purchase gets permanently removed from circulation. Over time, this relentless burn will drive Pandoshi’s circulating supply lower and lower.

Scarcity creates value. While Dogecoin trends are increasingly inflationary, Pandoshi embraces deflation. As more people trigger buybacks and burns over the coming years, the remaining tokens stand to appreciate dramatically.

Key Parts of the Pandoshi Ecosystem

Beyond favorable tokenomics, Pandoshi brings together various decentralized products into a cohesive crypto ecosystem. These key offerings make Pandoshi highly attractive:

Pandoshi Wallet: Pandoshi’s new non-custodial crypto wallet launched on Android last month. The intuitive interface allows easy storage and use of PAMBO tokens as well as other cryptocurrencies. An iOS version is coming soon.

PandoshiSwap: PandoshiSwap introduces PAMBO/ETH and PAMBO/USDC trading pairs. The DEX incorporates buying and burning directly into swaps, accelerating PAMBO scarcity.

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PandaChain: The dedicated Pandoshi blockchain will go live by Q3 2024. PandaChain will be key in reducing fees and enhancing capabilities for the entire project. It also burns PAMBO with every transaction, acting as a hyper-deflationary mechanism.

Cardoshi: No one likes KYC checks. Cardoshi provides quick and easy crypto debit cards without KYC  hurdles. With Cardoshi, users can spend PAMBO and other digital assets anywhere major cards are accepted

This expansive ecosystem offers numerous avenues to put PAMBO tokens to productive use, all while accelerating burn rates. Pandoshi appears superior to established cryptos like Dogecoin in almost every regard.

Pandoshi Presale Enters Final Stage

Pandoshi recently entered the fifth and final presale phase before PAMBO’s public listing across major exchanges. 50% of all supply goes toward the presale. 20% provides DEX liquidity, 10% backs up CEX reserves, and 20% supports the bonus program.

Of the 1 billion PAMBO marked for presale, over 90% sold thus far. The chance to get in early is fading fast. The presale price holds at a flat $0.01 per token for now, but anticipation of a post-listing pop shines brightly.

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Major exchange listings often quickly double or triple newly listed token prices. And that is without accounting for deflationary pressure from broad PAMBO adoption down the road. This is likely the last opportunity for discounted access before the train leaves the station.

Click Here To Buy PAMBO Tokens

Explore the following links for detailed information on Pandoshi (PAMBO):
Website: https://pandoshi.com/
Whitepaper: https://docs.pandoshi.com/

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Elon Musk Impersonation Scam: Unveiling Cryptocurrency Fraud with Deepfake Technology

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Elon Musk Impersonation Scam: Unveiling Cryptocurrency Fraud with Deepfake Technology

Watan-The concept of fraud through cryptocurrency has once again dominated the scene of online scams, this time associated with the name of American billionaire Elon Musk.

During the past hours, social media users have circulated a video recording, claiming to be a new offer from Elon Musk, alleging that the owner of platform “X” pledged to provide ten thousand dollars to anyone who opens an account on his digital currency website.

Musk has been promoting the cryptocurrency “Dogecoin” for years, regularly tweeting about the unique symbol that was created as a joke in 2013.

Fake Voice

According to compiled clips from the English comedian program “Last Week Tonight” by John Oliver, a voice resembling Elon Musk’s was heard offering the amount to encourage people to trade the currency, promising that anyone who opens an account on a specialized website will immediately receive ten thousand dollars.

The video, crafted using deepfake technology and disseminated on TikTok, uses deepfake, a technology that replaces a person’s face with another targeted face, or substitutes one person’s voice with another’s.

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However, it was quickly exposed and several copies of the video were removed from TikTok after user reports.

Deepfakes are created using computer programs through artificial intelligence.

This technique attempts to merge a number of images and video clips of a certain personality to produce a new video clip – using machine learning – which may initially appear real but is actually fake.

@adelecryp 🔥vefonix com | delux🔥 #cryptonews #cryptok #xrp #bitcoin #crypto2023 #thanksgiving ♬ Friday Night Lights – ROKKA

Victims of Fraud

Some cryptocurrency-related fraud operations target individuals who already possess cryptocurrencies. Scammers exploit newcomers’ lack of knowledge in cryptocurrency, as well as the absence of cryptocurrency-related laws, to deceive them into sending money.

Recently, users lost over $700,000 after the X account of Ethereum co-founder Vitalik Buterin was hacked.

Through Buterin’s account, scammers posted a link promising free non-fungible tokens (NFTs). Subsequently, victims who clicked on the link lost their own NFT tokens.

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While hackers typically use text messages and X (Twitter) tweets to target victims, widespread access to artificial intelligence is changing their methods, with the creation of deepfake videos featuring famous personalities like Elon Musk, CZ, and others.

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Warren Buffett’s Cryptocurrency Skepticism Meets Berkshire Hathaway’s Strategy

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Warren Buffett’s Cryptocurrency Skepticism Meets Berkshire Hathaway’s Strategy

Picture this: Warren Buffett, the Oracle of Omaha, holding a disdain for cryptocurrencies, yet his own conglomerate, Berkshire Hathaway, dives into the crypto pool. It’s a narrative that captures the complexity and intrigue of modern investment strategies, where skepticism and opportunity dance in the ever-evolving financial market. This story unfolds as Buffett, known for his preference for tangible assets, navigates the waves of Bitcoin’s value surge, all while Berkshire Hathaway reveals its stake in a crypto-friendly bank.

The Skepticism of an Investment Titan

Warren Buffett, a name synonymous with investment acumen, has long expressed his skepticism towards Bitcoin and cryptocurrencies at large. He’s remarked on their lack of practical utility, questioning the intrinsic value of these digital assets. Despite Bitcoin’s meteoric rise from about $15,000 in 2018 to over $50,000, Buffett’s stance remains firm: cryptocurrencies do not meet his criteria for valuable investments. This skepticism is rooted in a philosophy that prizes tangible assets over speculative ones, guiding Buffett’s decisions in a market prone to rapid changes.

Berkshire Hathaway’s Crypto Foray

Contrary to Buffett’s personal skepticism, Berkshire Hathaway has not shied away from opportunities within the cryptocurrency market. The conglomerate’s recent financial disclosures reveal an increased investment in Nubank, a Latin American digital bank known for its crypto-friendly services, including Nucripto. By elevating its stake from $500 million to $1 billion, Berkshire Hathaway not only underscores the potential it sees in digital banking and cryptocurrencies but also highlights a strategic divergence from Buffett’s publicly stated views.

Deciphering the Investment Strategy

The investment in Nubank, despite Buffett’s critique of cryptocurrencies, may seem contradictory at first glance. However, it offers a glimpse into Berkshire Hathaway’s broader strategy: a recognition of growth potential and value beyond immediate skepticism. This approach reflects a nuanced understanding of the market, where digital and crypto assets are increasingly central to the future of finance. The move signals Berkshire Hathaway’s adaptability, acknowledging the role of cryptocurrencies in diversifying investment portfolios and tapping into new markets, particularly in regions like Latin America where Nubank has made significant inroads.

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Warren Buffett’s skepticism towards Bitcoin and cryptocurrencies, juxtaposed with Berkshire Hathaway’s investment in a crypto-friendly bank, encapsulates the complexities of the modern financial landscape. It’s a reminder that investment strategies are not monoliths but evolving practices that adapt to market realities. As Berkshire Hathaway navigates this terrain, Buffett’s wisdom and the conglomerate’s actions offer valuable insights into the balance between skepticism and opportunity, tradition and innovation.

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Cryptocurrency for Disaster Relief: Streamlining Aid Distribution in Times of Crisis

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Cryptocurrency for Disaster Relief: Streamlining Aid Distribution in Times of Crisis

Disasters strike hard and fast, leaving communities reeling from the devastation. In the aftermath, amidst crumbled infrastructure and disrupted communication, getting crucial aid to those who need it most can be a herculean task. Traditional methods of disaster relief often face logistical hurdles, bureaucratic red tape, and limitations in transparency. Enter cryptocurrency, a digital asset emerging from the shadows to offer a potentially revolutionary solution for streamlining aid distribution in times of crisis.

Bitcoin’s Strengths in a Time of Need:

Bitcoin, the most prominent cryptocurrency, boasts several key characteristics that make it uniquely suited for disaster relief:

Borderless and Censorship-Resistant: Unlike traditional financial systems, Bitcoin transactions are unconstrained by national borders or government control. This allows aid to reach even remote or conflict-stricken areas where traditional banking infrastructure may be non-existent or inaccessible.

Fast and Transparent: Bitcoin transactions are processed and recorded on a public ledger called the blockchain, ensuring speed and transparency. Donors can track their contributions in real-time, verifying that their funds are reaching their intended recipients.

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Secure and Efficient: Bitcoin wallets are self-custodial, placing control over funds directly in the hands of recipients. This eliminates the risk of theft or mismanagement by intermediaries, maximizing the impact of every donated dollar.

Redefining Aid Distribution:

The potential applications of Bitcoin in disaster relief are numerous:

Direct Cash Transfers: Displaced individuals can receive Bitcoin donations directly into their digital wallets, allowing them to purchase essential goods and services like food, shelter, and medicine, empowering them to prioritize their specific needs.

Micro-grants: Bitcoin can be used to provide small grants to entrepreneurs and businesses restarting in the aftermath of a disaster, fostering economic recovery and local development.

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Crowdfunding Platforms: Utilizing blockchain technology, secure and transparent crowdfunding platforms can be established, enabling individuals worldwide to contribute to relief efforts with ease.

The Haiti Earthquake – A Real-World Example:

In 2021, following the devastating earthquake in Haiti, organizations like GiveDirectly successfully utilized Bitcoin to provide direct cash transfers to affected families. This swift and transparent approach empowered recipients to rebuild their lives with dignity and autonomy, bypassing cumbersome traditional aid distribution mechanisms.

Challenges and Considerations:

While promising, there are also challenges to consider:

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Volatility: Bitcoin’s price fluctuations can introduce uncertainty for both donors and recipients. Responsible financial planning and risk management strategies are crucial.

Technology Access and Literacy: Not everyone in disaster-stricken areas may have access to the necessary technology or knowledge to use Bitcoin effectively. Bridging the digital divide through education and infrastructure development is vital.

Regulatory Uncertainty: The evolving regulatory landscape surrounding cryptocurrencies can create complexities for organizations implementing Bitcoin-based solutions.

A Path Forward:

Despite the challenges, the potential of Bitcoin to revolutionize disaster relief is undeniable. By fostering collaboration between humanitarian organizations, technology developers, and local communities, we can harness the power of this innovative technology to streamline aid distribution, empower local populations, and build a better future in the face of challenges.

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Bitcoin presents a unique and promising approach to streamlining aid distribution in times of crisis. By leveraging its strengths of borderless transactions, transparency, and security, Bitcoin can empower individuals and communities to rebuild their lives with greater autonomy and dignity. While challenges remain, with careful planning, responsible implementation, and a concerted effort to bridge the digital divide, cryptocurrency can emerge as a powerful tool for building a more resilient and responsive disaster response ecosystem.

 

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