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Pangolin (PNG) is the native governance and utility token of the Pangolin decentralized exchange (DEX), a leading multi-chain automated market maker (AMM) built on the Avalanche network.

Key takeaways

• Pangolin is a community-driven, multi-chain decentralized exchange (DEX) initially launched on the Avalanche network.
• Its native token, PNG, is used for governance, fee discounts, and liquidity mining rewards within the ecosystem.
• The platform is known for its fast transaction speeds and low fees, leveraging the Avalanche consensus.
• Pangolin supports trading for a wide range of Avalanche-native and cross-chain assets.
• You can trade PNG tokens via spot or futures contracts on major exchanges like BTCC.

What is Pangolin? Key Specifications & Tokenomics

Pangolin is a decentralized exchange that facilitates the trustless swapping of digital assets on the Avalanche blockchain and other supported networks.

Who created Pangolin (PNG)?

Pangolin was launched by a pseudonymous development team. A key differentiator is its community-driven ethos from the outset. The project was not launched by a corporate entity but was developed and deployed for the Avalanche community. Governance and major decisions were quickly transitioned to the Pangolin Decentralized Autonomous Organization (DAO), which is controlled by PNG token holders. This approach ensured that the platform's development, fee structures, and treasury management were directed by its users, making it one of the first fully community-governed DEXs on Avalanche.

How does Pangolin (PNG) work?

Pangolin operates as an Automated Market Maker (AMM). Here＊s a breakdown of its core mechanics:

• Liquidity Pools: Instead of a traditional order book, Pangolin uses liquidity pools. Users called Liquidity Providers (LPs) deposit pairs of tokens (e.g., AVAX/PNG) into smart contract-based pools.
• Swapping Tokens: Traders can swap one token for another directly through these pools. The price for each token in a pool is determined by a constant product formula (x * y = k), which automatically adjusts based on the pool's supply and demand.
• Fee Generation: A small fee (typically 0.30%) is charged on every trade. This fee is distributed to the LPs as a reward for providing liquidity, incentivizing more users to fund the pools and deepen market liquidity.
• PNG Token Utility: The PNG token is integrated into this system. Holders can stake their PNG to earn a share of protocol fees, vote on governance proposals, and receive discounts on trading fees.

What makes Pangolin (PNG) unique and valuable

Pangolin's value proposition centers on its community-first approach and its technical foundation on Avalanche.

• True Community Governance: From its launch, Pangolin emphasized decentralized governance. The PNG DAO controls the treasury and all major protocol upgrades, giving token holders direct influence over the platform's future. This contrasts with many DEXs that retain significant control with founding teams.
• Avalanche Network Advantages: Built on Avalanche's C-Chain, Pangolin benefits from the network's high throughput and sub-second finality. This means users experience faster transaction confirmations and significantly lower gas fees compared to Ethereum-based DEXs, especially during periods of high network congestion.
• Multi-Chain Vision: While native to Avalanche, Pangolin has expanded its reach. It utilizes cross-chain bridges and technologies to allow trading of assets from other blockchains, increasing its accessibility and liquidity sources beyond a single ecosystem.
• Fair Launch: The PNG token had no pre-sale, no venture capital allocation, and no team allocation at launch. The entire supply was distributed to the community through liquidity mining, reinforcing its decentralized and equitable origins.

What is Pangolin (PNG) used for?

The PNG token has several key utilities within the Pangolin ecosystem:

• Governance: PNG holders can create and vote on proposals that dictate the platform's development, such as adjusting fee structures, adding new features, or managing the community treasury.
• Fee Discounts: Users can stake PNG tokens to receive a discount on trading fees, making it more cost-effective for active traders.
• Staking and Rewards: Users can stake PNG in various farms or the platform's staking contract to earn additional PNG tokens or a share of the protocol's trading fees.
• Liquidity Mining Incentives: PNG is the primary reward token for users who provide liquidity to trading pairs on the DEX, encouraging sufficient liquidity depth for smooth trading.
• Medium of Exchange: While primarily a utility token, PNG can be traded against other cryptocurrencies like USDT on exchanges such as BTCC, both in PNG/USDT spot and PNGUSDT futures markets.

How to buy PNG Coin?

PNG is a tradable cryptocurrency available on several exchanges. For a secure and liquid trading experience, we recommend using a major platform like the BTCC exchange.

1. Register a BTCC Account: Sign up using your email or phone number. Complete the KYC verification process to unlock all platform features and benefits.
2. Deposit Funds: Add fiat currency using bank transfer, card, or third-party payment methods. You can also deposit USDT from an external wallet into your BTCC account. (How to buy USDT on BTCC)
3. Start Trading: Navigate to the trading section. Search for the spot trading pair PNG/USDT or the futures contract PNGUSDT.
4. Place an Order: Enter the amount of PNG you wish to purchase and submit your order. For futures trading, you can also open short (sell) positions and adjust leverage according to your strategy.
5. Confirm Your Purchase: For spot buys, check your asset wallet to confirm the PNG tokens have been deposited. For futures, verify your open position in the trading interface.