Cryptocurrencies
PNG
Pangolin is a decentralized exchange (DEX) built on the Avalanche blockchain. It aims to provide a fast, efficient, and user-friendly platform for trading various digital assets.
Key Features of Pangolin:
- Decentralized Exchange: Pangolin allows users to trade cryptocurrencies without intermediaries.
- Liquidity Pools: Users can provide liquidity to trading pairs and earn rewards in the form of trading fees and PNG tokens.
- Low Fees: Pangolin offers lower transaction fees compared to other platforms.
- Fast Transactions: Leveraging the Avalanche blockchain, Pangolin provides fast transaction confirmation times.
- PNG Token: The native token of the platform, used for governance, staking, and transaction fees.
PNG Token:
- Utility Token: PNG powers the Pangolin ecosystem and is used for various purposes.
- Staking: Users can stake PNG tokens to earn rewards.
- Transaction Fees: PNG is used to pay transaction fees on the platform.
How Pangolin Works:
- Users connect their wallets: Users connect their cryptocurrency wallets to the Pangolin platform.
- Trading: Users can trade various cryptocurrencies by providing liquidity to trading pairs.
- Liquidity Provision: Users can add liquidity to trading pairs and earn rewards in the form of trading fees and PNG tokens.
- Staking: Users can stake PNG tokens to earn rewards and participate in governance.
Benefits of Pangolin:
- Fast and Efficient: Leveraging Avalanche’s speed and low fees.
- Community-Driven: Pangolin is governed by its community of users.
- Multiple Trading Pairs: Offers a variety of trading options.
Risks Associated with Pangolin:
- Smart Contract Risk: As with any DeFi platform, there’s a risk of smart contract vulnerabilities.
- Market Volatility: The cryptocurrency market is volatile, affecting token prices and trading volume.
- Impermanent Loss: Liquidity providers may experience impermanent loss due to price fluctuations.
Overall, Pangolin is a popular DEX on the Avalanche ecosystem, offering users a fast and efficient trading experience.
PNG | |
Max. supply: | 230,000,000 PNG |
Contracts: Avalanche C-Chain | 0x60781c2586d68229fde47564546784ab3faca982 |
X: | @pangolindex |
data statistics
Relevant Navigation
No comments...