TVL > 100K
What is Pangolin (PNG)?
Pangolin is an automated market maker (AMM) decentralized exchange (DEX) project which is built on top of the Avalanche ecosystem. This, in-turn, allows its user to swap both Avalanche as well as Ethereum assets with an optimized fee. This procedure of accessing Avalanche-based dApps is complex due to the three supporting chains, which are C-Chain, X-Chain, and P-Chain. As such, AVAX, which is Avalanche's native cryptocurrency token, is used to determine the fees on the exchange. You also have the PNG token, which is the native governance token that enables the community to drive the development of the product and is an incentive for depositors that save it to earn fees through Pangolin payment activities.
Who are the founders of Pangolin (PNG)?
Pangolin is a community-driven decentralized exchange. However, when it comes to some of the core developers of the Pangolin Dex, it is developed by Leo_Pangolin and hariseldon (best-coder-NA), 0xSaaho, with developments from Sarju Hansaliya according to GitHub. There are other developers contributing to this project, and you can view them freely on GitHub at any time if you are curious about the exact development of Pangolin and how all of it works on the back-end side of things.
What makes Pangolin (PNG) unique?
Pangolin is built on Avalanche; however, the exchange is still fully compatible with Ethereum assets and tools. This allows customers to trade at high speeds without needing to pay expensive transaction fees. PNG holders can vote on the liquidity pool as well as the conversion fee. Conversion fees are collected for the community's benefit as well. If the conversion fee ends up being 0.05%, the liquidity provider will get 0.25% of the total, while the remaining is retained for other users. PNG is capped at a supply of 538 million tokens.
Get crypto analysis, news, and updates. Join our friendly crypto community and stay up to dateJoin now