Pangolin is a decentralized and community-driven trading platform launched by Avalanche. Its governance token will be distributed to the community in a model known as a “fair launch”. Similar to Uniswap’s AMM, it allows users to use Avalanche’s underlying capabilities to enhance trading speed and lower transaction costs. Pangolin’s PNG governance token will be distributed to its users in a model known as a “fair launch”. The team did not raise funds or own any tokens, so 0.3% of the trading transaction costs will be refunded to the liquidity providers.
Pangolin is a DEX (decentralized trading platform) operated on Avalanche. It uses the AMM model, which is identical to Uniswap, allowing users to trade all of the tokens on Ethereum and Avalanche.
Pangolin has three important characteristics: Fast and cheap transactions, community-driven development, and fair and open distribution of tokens.
Fast and cheap transactions: Since it is established on Avalanche, relying on the Avalanche Protocol’s characteristics, users can exchange assets while enjoying a sub-second trading certainty and transaction costs as low as a few cents.
Community-driven: Pangolin conducts community governance through PNG tokens so that the community can fully promote product development.
100% Community Token Distribution: PNG Governance token will be fully distributed to the community and shall not remain in the team as it is a platform fully governed by the community.
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