Pangolin
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Pangolin in numbers
Pangolin (PNG) ranks #1166 by market capitalization, at $7.75M. It belongs to the DeFi sector (Decentralized Exchange). It has traded since Feb 25, 2021, across 21 markets on 12 exchanges, with $543.48K of volume in the last 24 hours. Its all-time high of $12.39 was reached on Feb 25, 2021; the current price is 99.8% below that peak. Its cycle low of $0.012297 came on Oct 24, 2023.
44.6% of the maximum supply of 538.00M PNG is in circulation. Development data lists 5 core developers and 10,140 code commits. On Avalanche, 37,931 addresses hold PNG.
About Pangolin
Pangolin is a Uniswap clone using the same AMM model as the latter. The DEX protocol is built on the Avalanche blockchain offering sub-second transaction finality and cheap transaction fees ideal for retail/micro-ticket traders.
Background
Pangolin was originally incubated by Ava Labs to offer a credible DEX AMM solution on the Avalanche C-chain. The project was subsequently handed over to the community and thus arrived the first community driven AMM protocol on the Avalanche blockchain.
PNG operates on the same principles as Uniswap v2 with the added uniqueness of being totally community oriented, governed and managed. Unlike Uniswap or other AMMs, Pangolin differs on three main points:
Avalache blockchain offers faster transaction finality times and cheaper gas fees thus making it more beneficial to the average DeFi user.
Community driven development makes the whole protocol transparent.
The PNG native governance tokens has a fair launch. No token is distributed to the team, advisors, Ava Labs or any other organization or entity. The entire token supply is earmarked for the community.
Pangolin is a fork of Uniswap V2. A standard AMM model where liquidity providers commit their tokens to a pool in exchange for rewards, and the pooled token pairs enable traders/users to execute trades over the Pangolin DEX.
There are 538 million tokens scheduled for release. 256M tokens will be relased over a span of the next 4-years thereafter the emission will cut down by half every four years releasing the remaining tokens effectively in perpetuity.
5% of the token supply is earmarked for SUSHI/UNI token holders as airdrops for incentivizing participation and usage of the Pangolin DEX.