Buy Pangolin (PNG)

What is Pangolin?

Pangolin (PNG) is a decentralized exchange (DEX) token developed on the Avalanche C-Chain. It is designed for governance, liquidity provision, and to facilitate efficient swaps between Avalanche and Ethereum assets. Pangolin's primary purpose is to offer a community-driven exchange platform with high-speed trading and low transaction costs, addressing challenges such as high transaction fees and limited asset compatibility on traditional exchanges.

How does Pangolin work?

Pangolin operates as a DEX utilizing an Automated Market Maker (AMM) model, similar to Uniswap. It runs on the Avalanche C-Chain, leveraging its high-speed, low-cost transaction capabilities powered by the Avalanche Consensus, a type of Proof of Stake (PoS) mechanism. The platform employs smart contracts to manage its AMM and liquidity pools, allowing for streamlined token swaps and liquidity management.

What are the potential use cases for Pangolin?

Pangolin's use cases include governance, where token holders participate in development decisions, liquidity provision through staking and farming opportunities, token swaps across the Avalanche and Ethereum networks, and analytics tools for tracking portfolios and market data. Additionally, it supports decentralized finance (DeFi) applications and offers integrations like DEX-as-a-Service (DAAS) for dApps.

What is the history of Pangolin?

Pangolin was launched in 2021, initially developed by Ava Labs and later transitioned to community governance. The PNG token was distributed entirely to the community, with major updates including the reduction of its maximum supply and introduction of staking features. Pangolin has achieved significant milestones such as cross-chain compatibility and global visibility through listings on centralized exchanges. Its technology and market presence have evolved to support high-speed transactions and efficient trading environments on the Avalanche Network.