Liquidity pool investments are only suitable for advanced crypto users
Pangolin is a Uniswap clone on the Avalance blockchain network. Ava Labs initially created the Pangolin exchange in 2021 and then handed it over to the community. The entire protocol is transparent because of the community structure. Pangolin is the first community-driven AMM model decentralized crypto exchange platform on the Avalanche network. Justin Trollip is the CEO that is elected by the community.
Any anonymous user can connect to the platform with a web wallet, the platform is decentralized and permissionless. Users can use most of the basic DEX tools, including swap, stake, liquidity pools, and farms.
The Pangolin exchange platform also performs as a bridge between the Ethereum and the Avalanche networks. Users can use the same wallet address for both Avalanche and Ethereum. The Pangolin has plans to expand its operations to Flare Network and Near Protocol. Avalanche network’s fast and cheap transactions are among the Pangolin’s advantages.
PNG tokens are the platform’s utility and governance tokens. PNG token has a democratic distribution, and there is no allocation for founders and the team. The entire supply was provided to the community at the beginning. Users can stake PNG tokens on the platform and enjoy a share of the revenue because a certain percentage of the trading fees are paid to the PNG staking pool. There are currently 134 Million PNG tokens in circulation, and the maximum supply will be 230 million. 96 Million tokens are planned to be released in 2025.
Pangolin Supported Currencies
Pangolin supports over 100 currencies including Ethereum, Tether, USD Coin and Binance USD.