Pangolin operates as a decentralized exchange. It was launched in 2021 and runs on Avalanche functioning as an AMM, like Uniswap, and claims to offer fast and low-cost transactions, community-driven development, and fair distribution of tokens. The project was initially designed by Ava Labs and is now led by a team of community-hired developers. 

PNG is Pangolin’s native cryptocurrency. Pangolin claims that the token is a 100% community-driven governance token. Indeed, it is necessary to take part in platform governance, such as voting on proposals and can also be used to provide liquidity in Pangolin’s pools. 

What are Pangolin’s key features and how does it work?

As a DEX, Pangolin offers a variety of DeFi products and services. This includes trading, setting limit orders, providing liquidity, farming, staking, and more. The platform has various platforms that can be used to access its services. This includes the Pangolin Exchange V2 Dashboard. It offers an overview of users’ accounts, balances, and more.

In order to trade on Pangolin, users can go to the dedicated page and view market/limit orders, charts, watchlists, and execute trades. Similarly, Pangolin’s Pool and Farm UI give users an improved experience. Users are presented with a detailed overview of all available token pairs and can search through conveniently and quickly.

What is noteworthy about Pangolin?

A lot of the Pangolin value is derived from its community-driven governance. Development is entirely in the hands of the community, as there are no investors, team members, or other stakeholders of any type. Governance is used to determine modifications to the liquidity pools, for example, creating new liquidity, adjusting liquidity in such pools, as well as allocating PNG to a particular smart contract or user.

The community can also enable fee switches via the governance process. By doing so, 0.05% of all fees from swaps can be diverted to a certain address. This enables the community to divert and acquire funds for a particular initiative.

Where can you buy PNG?

PNG is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Pangolin, Hoo, and Gate.io. The price of PNG will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for PNG market prices, please view the price charts on this page.