What is a Pangolin (PNG)?

Pangolin, one of the fastest growing players in decentralized finance (DeFi), is an important platform that stands out with its different services. This article discusses the features of Pangolin, a decentralized exchange (DEX) running on the Avalanche Network.

What is Pangolin?

Pangolin is a DEX built on the Avalanche Network, using an AMM model similar to Uniswap. It stands out with fast and cost-effective transaction approvals. Thanks to the high efficiency of the Avalanche blockchain, users can execute transactions in seconds and at lower costs than on many platforms.

The governance structure supports its community-oriented approach. PNG is the platform’s main governance token and enables the community to participate in decision-making processes. Pangolin has a transparent and egalitarian token economy that distributes all tokens directly to the community.

Pangolin is compatible with Avalanche and Ethereum networks, as well as chains like Flar and Hedera. Multi-chain compatibility not only increases token exchange and liquidity, but also positions Pangolin as a flexible and inclusive platform in the DeFi ecosystem.

History and Origins of Pangolin

Backed by Ava Labs, Pangolin is an important project for the development of the Avalanche blockchain. The Group quickly established an independent team to have a greater say in governance and decision-making. This shift reflects Pangolin’s culture that prioritizes community participation over centralization.

The platform is characterized by fast trade confirmations and low fees. Features like limit orders and Super Farms offer its users a comprehensive experience. It leverages Avalanche’s capacity to reduce high gas fees on the Ethereum network, enabling cheaper and faster transactions.

As a strong player in the DeFi ecosystem, Pangolin continues to grow with a high Total Value Locked (TVL), thousands of daily users and various collaborations. Its long-term success is supported by increased governance, user interface improvements and new project collaborations. In addition, Pangolin Academy strengthens community engagement by providing educational materials on DeFi, collaborations and community development.

How does Pangolin Work?

Pangolin uses an AMM protocol based on liquidity pools. By depositing funds, users provide liquidity to these pools and in return receive a share of the transactions made. This incentive system motivates users to provide liquidity to the exchange.

Pangolin enables easy swaps between Avalanche tokens and Ethereum tokens. Automated liquidity pools support this process. With the Super Farms feature, users can obtain high annual return rates (APR) by providing liquidity. Staking is also simple and requires only an Avalanche or Ethereum wallet.

Users can transfer ERC-20 tokens between the Avalanche and Ethereum networks via the Avalanche Bridge (AB). Each swap transaction involves a commission of 0.3%, which is split between liquidity providers, PNG holders and Pangolin DAO.

The PNG token is critical for governance. It is distributed only to the community, with no allocation to the team or consultants. Pangolin’s solution offers an effective alternative to the high transaction fees and slow transaction times of Ethereum-based DEXs.

Key Features of Pangolin

PNG Token

PNG is the exchange’s governance token and adopts a fully community-driven distribution model. No investors, advisors or insiders receive tokens. Total supply is limited to 230 million and the maximum supply has been reached.

AMM Model

Pangolin applies the AMM model to offer an efficient and user-friendly trading environment. It uses liquidity pools instead of order books, which increases price stability and reduces slippage. The high transaction volume proves the success of the model.

Multiple Chain Capabilities

Integration with chains such as Flare, Hedera and NEAR extends Pangolin’s reach. A multi-chain strategy enables the platform to reach different user groups, reduce transaction costs and increase transaction speed.

Superior Trading Experience and Benchmarking

Pangolin offers a trading experience similar to centralized exchanges thanks to concentrated liquidity. Reduced slippage and increased capital efficiency make the platform attractive to both new and experienced traders. It offers a targeted and efficient trading model, as opposed to the liquidity spread across wide price ranges on traditional DEXs.

How to Buy PNG?

$PNG is currently listed on Gate TR at TRY parity. You can become a member immediately and start trading by completing your KYC.

PNG/TRY Trading Page: https://www.gate.tr/tr/trade/PNG_TRY