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What is Pangolin (PNG) coin and how does it work?

by Financial Economy

Pangolin is a decentralized exchange running on Avalanche, using the same automated market creation (AMM) model as Uniswap. The native token of the platform is the PNG coin. Information about some topics that what is Pangolin (PNG) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Yooshi coin.

What is Pangolin (PNG) coin and how does it work?

Pangolin is an AMM DEX project built on the Avalanche ecosystem that allows users to trade Avalanche and Ethereum assets with an optimized fee. The procedure for accessing avalanche-based DApps, especially Pangolin, is more complicated than usual due to three supporting chains: C-Chain, X-Chain and P-Chain.

Avalanche’s native token, AVAX, is used to set trading fees on the exchange. PNG is the platform’s local government token that allows the community to fully drive the development of the product. The PNG token is an incentive for depositors who accumulate and earn fees through Pangolin payment activities.

Pangolin features!

The three prominent features of Pangolin are fast and cheap trading, community-driven development, and fair token distribution.

  • Pangolin transactions are almost as fast as centralized exchanges and cost a few cents.
  • With the community-focused pangolin native token PNG, the community becomes an important part of development.
  • All tokens are distributed to the community instead of the team.

Which exchange is PNG coin on?

Pangolin coin is listed on some cryptocurrency exchanges such as MEXC, AAX, Gate.io, LBank, Hoo, etc.

How to buy PNG coins?

Pangolin coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

PNG coin supply!

Total and maximum supply of Pangolin coin is 230.000.000 PNG.

PNG coin price!

As of July 4, 2022, at the time of the writing, 1 Pangolin coin price is around $0,0389 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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