Pangolin (PNG)
Pangolin is a cryptocurrency represented by the symbol "PNG." It functions as both the native currency and governance token of Pangolin, a decentralized exchange operating on the Avalanche platform. It utilizes the automated market-making model similar to Uniswap. Pangolin addresses two significant challenges faced by other automated market makers (AMMs): it enhances performance and governance controls, ensuring they do not disproportionately benefit a few large holders. Users on the Pangolin platform experience speeds comparable to centralized exchanges while maintaining their existing asset portfolio control. The PNG token facilitates trading for all tokens issued on Ethereum and Avalanche. The platform offers fast and cost-effective trades, community-driven development, and equitable token distribution. Community involvement drives Pangolin's development, with the PNG token enabling full community participation.
| Ticker | PNG |
| Category | Decentralized Exchange (DEX) |
| Website | https://pangolin.exchange/ |
| @pangolindex | |
| Telegram | pangolindexV2 |
| Contract Addresses | |
|---|---|
| avalanche | 0x60...82 Copied! |
Governance
Governance of the PNG token is highly community-focused. The development of Pangolin is entirely in the community's hands, with no stakeholders like investors or team members exerting influence. Governance enables actions such as liquidity pool adjustments and fee switching. A governance proposal can be submitted with 10% of the PNG circulating supply delegated. During a voting period, a simple majority of 'yes' votes, representing at least 15% of the circulating supply, is required to reach a quorum.
Tokenomics
Pangolin has a circulating supply of 2,076,770 PNG and a maximum supply of 538,000,000 PNG.
PNG token distribution
The distribution of PNG tokens is heavily weighted towards the community. 95% of the tokens, totaling 512 million, are allocated to the community treasury for purposes like liquidity mining. The remaining 5%, amounting to 26 million tokens, are available for a community airdrop. No PNG tokens are reserved for team members, investors, advisors, or insiders, ensuring that the platform remains community-driven and owned.
Airdrop
A total of 26,900,000 PNG tokens were airdropped to holders of UNI and SUSHI tokens. A snapshot was taken on December 7, 2020, and eligible holders had until March 10, 2021, to claim their tokens.
Exchange
The Pangolin token is tradable on the Avalanche platform.