Pangolin

price
change

Discover Pangolin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Pangolin?

Pangolin (PNG) is a decentralized cryptocurrency operating on the Avalanche C-Chain platform. It is the native token of the Pangolin decentralized exchange (DEX), which uses an Automated Market Maker (AMM) technique similar to Uniswap. The token is capped at a supply of 230 million, with 83% dedicated to incentivizing liquidity providers. PNG token holders can stake their tokens to earn a share of protocol revenues through regular token buybacks, providing an APR with no impermanent loss. Pangolin prioritizes security through a multifaceted approach, leveraging the robust features of the Avalanche blockchain and employing a non-custodial wallet system.

How is Pangolin used?

Pangolin (PNG) is the native token of a decentralized exchange (DEX) built on the Avalanche blockchain. The primary use case of PNG tokens is governance, allowing holders to vote on various decisions and participate in the platform's development. Additionally, PNG tokens can be used to earn rewards through staking and farming, providing an incentive for liquidity providers and contributing to the platform's overall liquidity.

Beyond governance and rewards, Pangolin offers a range of features aimed at enhancing the trading experience. These include token swaps, liquidity pools, yield farming opportunities, portfolio tracking, and watchlists, as well as in-app news to keep users informed. The platform also supports limit orders on all pairs, allowing for more strategic trading decisions.

For projects integrating decentralized trading capabilities, Pangolin offers DEX-as-a-Service (DAAS), enabling direct integration of its DEX widget into decentralized applications (dApps). This service expands the utility of Pangolin beyond just a trading platform, making it a valuable tool for the broader blockchain ecosystem.

PNG token holders can stake their tokens to receive a portion of the trading fees generated by the platform, offering an additional revenue stream without the risk of impermanent loss. Overall, the PNG token plays a crucial role in the Pangolin ecosystem, facilitating community-driven governance and incentivizing liquidity provision.

How do I store Pangolin?

To store Pangolin (PNG) tokens, you can follow these steps:

  1. Open Coin98 Wallet: Start by opening the Coin98 Wallet on your device.
  2. Click Receive: On the home screen, click the "Receive" button.
  3. Search PNG: Search for PNG Token and select it.
  4. Store Tokens: You can now store your PNG tokens in your Coin98 Wallet.

How to buy Pangolin?

To buy Pangolin (PNG) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEX)
  1. Choose a Centralized Exchange: Select a reliable CEX such as MEXC, Coinbase, or Binance. Ensure the exchange supports Pangolin (PNG) trading.
  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves verifying your identity.
  3. Add a Payment Method: Connect a payment method such as a bank account, debit card, or credit card.
  4. Search for Pangolin: Find Pangolin in the exchange's asset list and select it.
  5. Enter the Amount: Input the amount you want to spend in your local currency. The exchange will automatically convert it to the equivalent PNG amount.
  6. Finalize the Purchase: Review the details and confirm the purchase.
Buying on Decentralized Exchanges (DEX)
  1. Choose a DEX: Select a DEX that supports Pangolin (PNG) trading, such as Uniswap or SushiSwap.
  2. Install a Web3 Wallet: Download and install a Web3 wallet like Metamask or Trust Wallet.
  3. Create and Set Up the Wallet: Set up a new wallet and ensure it is supported by the DEX.
  4. Transfer Mainnet Cryptocurrency: Transfer the mainnet cryptocurrency (e.g., ETH for Ethereum-based DEX) to your wallet.
  5. Connect to the DEX: Connect your wallet to the DEX.
  6. Find the Swap Option: Locate the "Swap" option and select the token you want to trade for Pangolin.
  7. Enter the Amount: Input the amount you want to trade.
  8. Confirm the Swap: Review the details and confirm the swap.
Additional Tips
  • Ensure you have a secure and reliable internet connection.
  • Be cautious of scams and fake tokens on DEX platforms.
  • Consider storing your PNG tokens in a cold wallet for long-term storage.
  • You can also earn rewards by staking your PNG tokens.

By following these steps, you can successfully purchase Pangolin (PNG) tokens on both centralized and decentralized exchanges.

Discover
Pangolin
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Pangolin

Pangolin (PNG) is the native token of the Pangolin decentralized exchange (DEX), built on the Avalanche Network. The project was initially developed by AVA Labs before being handed over to the community, making it the first community-driven Automated Market Maker (AMM) on the Avalanche chain.

The Pangolin crypto project is known for its community-focused approach, with a 100% community-driven token distribution model. This means that all tokens are distributed directly to the community, without allocation to traders, advisors, insiders, or team members. The project also offers various yield-bearing features, including liquidity provision, farming, staking, and setting limit orders.

The token supply was initially capped at 538 million but was later reduced to 230 million in 2021. The majority of the tokens (65.3%) are dedicated to liquidity rewards, with the remaining portion released into circulation.

Pangolin has experienced several significant milestones, including the launch of a decentralized exchange that supports both Avalanche and Ethereum assets, enhancing interoperability and offering users a wider range of assets for trading. The platform has also developed a user-friendly frontend, introduced token lists, and focused on community-driven development through open-source tools on GitHub.

The PNG token plays a crucial role in governance, allowing holders to vote on various decisions. Additionally, PNG tokens can be used to earn rewards from various pools by staking and farming.

Discover
Pangolin
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Pangolin works

Pangolin (PNG) is a decentralized exchange (DEX) that operates on the Avalanche network. It employs an automated market-making (AMM) model, similar to Uniswap V2, which allows users to trade tokens directly without the need for a centralized exchange. Here's an overview of how it works:

Key Features
  • Token Swaps: Users can trade any token on the Avalanche network for another token.
  • Liquidity Pools & Farms: Users can provide liquidity to pools to earn swap fees proportional to their share of the pool and earn additional reward tokens by providing liquidity to farms.
  • Single-Sided Liquidity Provision: Users can deposit tokens into single-sided pools to earn reward tokens.
  • Governance: The PNG token is used for governance, allowing holders to vote on proposals that determine the direction of the protocol.
  • Analytics: Users can access insights about tokens, pools, exchange volume, and total value locked (TVL) to track their portfolios.
PNG Token
  • Governance Token: PNG is used for participating in governance by voting on proposals.
  • No Monetary Backing: PNG's value lies in determining the protocol's direction, not in any monetary value.
  • Use Cases: PNG holders can vote on governance proposals, stake their tokens, and provide liquidity in Pangolin's pools.
Fees
  • Transaction Fee: A 0.3% transaction fee is charged for every swap made on a particular Pangolin pool. This fee is shared among liquidity providers, the PNG staking pool, and Pangolin DAO's treasury.
  • Fee Distribution: The fee is distributed as follows: 0.25% to liquidity providers, 0.0425% to the PNG staking pool, and 0.0075% to Pangolin DAO's treasury.
Cross-Chain Strategy
  • Multi-Chain Approach: Pangolin aims to be chain-agnostic, with a native token on each chain, enabling chain-specific governance and emissions.
  • Partnerships: Pangolin partners with local projects to embed itself in different chains, creating synergy among different Pangolin franchises.
Security
  • Smart Contract Risk: Although Pangolin's contracts have been audited, there is always a risk associated with smart contracts in DeFi.
Wallet Support
  • Compatible Wallets: Pangolin supports MetaMask and compatible devices like Ledger, the Coinbase Wallet, Wallet Connect, and more.
Development
  • Initial Development: The initial development work was done by AvaLabs.
  • Community-Driven: Pangolin is a community-driven project with governance decisions made through proposals voted on by PNG holders.
Roadmap
  • Future Development: Pangolin's roadmap outlines future development plans and can be accessed through their documentation.

Overall, Pangolin (PNG) is a decentralized exchange that offers a range of features for users, including token swaps, liquidity pools, and governance, all built on the Avalanche network.

Discover
Pangolin
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Pangolin's strengths

The token Pangolin (PNG) has several strengths that contribute to its value and utility within the Pangolin ecosystem:

  1. Governance Token: PNG is a governance token, allowing holders to participate in voting on proposals that shape the direction of the protocol. This gives users a direct say in the development and growth of Pangolin.

  2. Decentralized Exchange: Pangolin is a decentralized exchange (DEX) built on the Avalanche network, utilizing an automated market-making (AMM) model similar to Uniswap V2. This allows for permissionless and decentralized trading of Avalanche-based assets.

  3. Multi-Chain Strategy: Pangolin aims to be chain-agnostic, with plans to expand to other blockchains. This multi-chain approach enables Pangolin to adapt to different blockchain environments and leverage their strengths, enhancing its overall functionality and reach.

  1. Tokenomics: Pangolin has undergone tokenomics improvements, transitioning from a 28-year emissions schedule to a 4-year schedule, reducing the maximum token supply from 538 million to 230 million. This change helps maintain a more controlled token supply and distribution.

  2. Liquidity and Farming: Pangolin offers liquidity pools and farms where users can provide liquidity to earn swap fees and additional reward tokens. This incentivizes users to contribute to the liquidity of the platform, enhancing its overall trading experience.

  3. Analytics and Insights: Pangolin provides users with detailed analytics and insights about tokens, pools, and the exchange's volume, helping users make more informed trading decisions.

These strengths collectively contribute to Pangolin's value proposition and the utility of the PNG token within the ecosystem.

Pangolin's risks

Pangolin (PNG) is a decentralized exchange (DEX) that operates on the Avalanche network. It features a native utility token called PNG, which is used for trading cryptocurrencies. Pangolin was launched in February 2021 with the aim of providing a fast, secure, and efficient platform for trading cryptocurrencies.

Financial Risks

Pangolin, like other cryptocurrencies, carries significant financial risks. These risks are primarily due to the high volatility of the crypto market and the potential for manipulation by limited trading activity.

  • Risk Analysis: Pangolin has been given a high risk score by InvestorsObserver due to its price volatility over the past 24 hours in relation to volume changes. This score indicates that the token can be easily manipulated by limited trading activity, making it a high-risk investment.
  • Market Capitalization: Pangolin's market capitalization is relatively low, which can make it more susceptible to price fluctuations and manipulation.
  • Price History: Pangolin's price has experienced significant drops in the past, such as in May 2022 when it fell to an all-time low of $0.02964 following the collapse of the LUNA cryptocurrency and the cancellation of withdrawals on the Celsius crypto lending platform.
  • Regulatory Changes: Regulatory changes in major economies can impact the PNG price, adding to the uncertainty and risk associated with investing in Pangolin.
  • Technical Analysis: Pangolin's price predictions are influenced by technical indicators such as moving averages, relative strength index (RSI), and Bollinger Bands, which can indicate overbought or oversold conditions in the market.

Overall, investing in Pangolin involves a high level of risk due to the volatility of the crypto market and the potential for manipulation. It is essential for investors to conduct thorough research and consider their risk tolerance before making an investment in Pangolin.

Discover
Pangolin
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Pangolin raise funds?

Discover
Pangolin
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Pangolin’s team

  • Project Manager: Justin Trollip, aka u/HariSeldon23.
  • Community Manager: Leo Chen, aka u/Best_Coder_NA.
  • Core Developer: Brandon, aka u/bmino_.
  • Advisor - Community Admin (Telegram): Xavier, aka u/XavierAle.
  • Advisor - Community Admin (Discord): Sabo, aka u/sabo.
  • Advisor - Developer: Connor Daly, aka u/das_connor.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Pangolin NEWS REPORT

Latest news

Want an analysis of Pangolin? Tell us on discord.

Similar tokens

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM