PangolinPrice

(PANG)

Pangolin (PNG) is an Automated Market Maker (AMM) Decentralized Exchange (DEX) initially built on the Avalanche blockchain, launched in February 2021. Its core purpose is to enable users to swap Avalanche and Ethereum-compatible assets efficiently and securely. Pangolin has since expanded its reach, becoming a multichain platform that supports other networks like Hedera, Flare, and Songbird, aiming to provide a comprehensive and low-cost trading experience across various blockchain environments for digital assets.

The PNG token serves as Pangolin's native governance and utility token. Its primary utility lies in empowering holders to actively participate in the protocol's decision-making process, allowing them to vote on critical proposals, upgrades, and fee structure adjustments. Additionally, PNG tokens are integral to the platform's staking mechanisms, enabling users to earn rewards. They also function as a key incentive, distributed to liquidity providers who contribute to the exchange's liquidity pools, fostering a robust trading environment.

Pangolin operates using an Automated Market Maker (AMM) model, which facilitates trading without traditional order books. Users exchange crypto assets directly through liquidity pools, which are funded by other users. This system leverages the Avalanche blockchain's high throughput and near-instant transaction finality, ensuring trades are executed quickly and at a low cost. This AMM mechanism allows for continuous, automated trading, making it efficient and accessible for a wide range of digital assets.

Pangolin offers several key advantages, including fast transactions and low fees due to its foundation on the Avalanche blockchain. It champions community governance, with a fair launch that saw 95% of tokens distributed via liquidity mining and 5% through airdrops, with no tokens allocated to the team or investors. The platform is also compatible with Ethereum assets and tools. Recent V3 innovations, such as concentrated liquidity, Superpools with dual rewards, and dynamic fees, significantly enhance capital efficiency and improve the overall user trading experience.

Users can acquire PNG tokens primarily through two common methods. The first is by participating in Pangolin's liquidity pools; users who provide liquidity to these pools earn PNG tokens as a reward for their contribution. This incentivizes the provision of essential liquidity for trading. The second method is by purchasing PNG tokens directly from cryptocurrency exchanges that list and support PNG trading. Historically, Pangolin also conducted an initial airdrop to holders of specific tokens, further distributing PNG to its early community.

Pangolin places a high priority on security, as evidenced by thorough audits conducted by reputable third-party firms. These audits meticulously review the platform's smart contracts and overall architecture to identify and mitigate potential vulnerabilities, ensuring the reliability and integrity of the exchange. While security measures are robust, users are consistently advised to remain vigilant, only use official channels for transactions and support, and exercise caution against phishing attempts or impersonators to protect their digital assets.