What is Pangolin (PNG)?
PNG is the native token of Pangolin, which is an Avalanche-based decentralized exchange (DEX). A fundamental benefit of the Pangolin crypto project is the convenience of cheap and swift trades, the fair and open distribution of tokens, and the community-driven growth of its users.
Check out the Pangolin price chart above to see the current PNG price.
Due to Pangolin being built on Avalanche, users only have to pay a small transaction fee when swapping assets. Besides, Pangolin employs a 100% community-focused token distribution model. Therefore, all tokens are distributed to the community directly, without allocation to traders, advisors, insiders, or team members.
Besides, it's important to note that, apart from trading and swapping, Pangolin also offers various yield-bearing features. This includes liquidity provision, farming, staking, setting limit orders, and so on.
Use Cases of PNG Tokens
The main use case of Pangolin tokens is governance. This means that PNG holders have the right to vote on various decisions.
Though, apart from governance, PNG tokens can also be used to earn rewards from various pools by staking and farming.
Planning to purchase PNG coins? Make sure to check the Pangolin price chart before doing that. It features both – the current and the previous PNG price.
Who Founded Pangolin?
The Pangolin crypto project is owned by the community. However, before handing it to the community, the project was developed by AVA Labs. Thus, it became the very first community-driven Automated Market Maker (AMM) on the Avalanche chain.
Toknomics of PNG
Initially, the max supply of PNG tokens was capped at 538 million. 95% of this supply was dedicated to liquidity mining, while the remaining 5% was dedicated to airdrops.
However, in 2021, the max supply of Pangolin was reduced to 230 million. In terms of distribution, 65.3% of this supply was dedicated to liquidity rewards, 13% to the Pangolin Foundation, and the remaining portion was released into circulation.
