Pangolin FlarePrice

(PFL)

Pangolin Flare (PFL) serves as the governance token for the Pangolin decentralized exchange (DEX) specifically on the Flare network. Pangolin is designed as a multi-chain platform that provides users with advanced trading tools, deep liquidity, and a seamless experience for cryptocurrency swaps. It caters to both traders and projects by offering various functionalities. The PFL token is essential for participating in the governance of this ecosystem, allowing holders to contribute to decision-making processes and interact with other features within the platform.

The primary purpose of the PFL token is to facilitate governance within the Pangolin ecosystem on the Flare network. Holders of PFL tokens gain the ability to participate directly in the decision-making processes that shape the decentralized exchange's future development and ongoing operations. This includes voting on proposals, influencing protocol parameters, and contributing to the strategic direction of the platform. By holding PFL, users actively engage in the decentralized governance model, ensuring community-driven evolution and management of the Pangolin DEX.

Pangolin Flare (PFL) operates with a clearly defined tokenomics model and a structured vesting schedule. According to the plan, token emissions for PFL were initiated in January 2023. These emissions are set to follow a predetermined schedule, concluding by July 2025. This end date signifies that no further PFL tokens will be introduced into circulation after July 2025, establishing a finite emission period. This model is designed to manage the supply of PFL tokens over time, aligning with the project's long-term economic strategy.

Pangolin Flare operates directly on the Flare network. The Flare network is recognized as an EVM-based Layer 1 blockchain. Its primary design objective is to enhance interoperability, enabling seamless communication and data exchange not only between various other blockchains but also with Web2 applications. This architecture provides Pangolin Flare with access to diverse data sources and broad connectivity, supporting its advanced tools and multi-chain ambitions within the decentralized finance space.

To add PFL tokens to your preferred Web3 wallet, you typically need to perform a few simple steps. First, ensure your wallet is connected to the correct network where PFL operates, which is the Flare network. Then, navigate to the cryptocurrencies or assets section within your wallet interface. Look for an option to "Import tokens" or "Add Custom Token." You will then need to paste the official Pangolin Flare smart contract address into the designated field. Once the address is entered, your wallet should automatically populate the token symbol (PFL) and decimals. Finally, confirm by clicking "Add Custom Token" to display PFL in your wallet.

Yes, an incident was reported in November 2023. An announcement indicated an error in the implementation of FLR rewards for an FLR-PFL farming pool. This specific error led to the rewards being released at a faster pace than originally intended. Consequently, the farm's planned end date had to be adjusted and moved forward to account for the accelerated distribution of rewards. This incident highlights the complexities of smart contract deployments and reward mechanisms in decentralized finance.