What Is Pangolin

Definition

Pangolin is the native governance token of the Pangolin decentralized exchange (DEX) built on the Avalanche blockchain. Pangolin, often abbreviated as PNG, emerged in 2021 as a key player in the decentralized finance (DeFi) space. Founded by a team of blockchain enthusiasts led by developers from the Avalanche ecosystem, it aims to provide fast, low-cost trading on Avalanche's high-throughput network. The core concept revolves around community-driven governance, where PNG holders vote on platform upgrades and fee structures. Its ecosystem includes liquidity pools, yield farming, and cross-chain bridges, fostering a vibrant DeFi environment. Backed by Avalanche's speed, Pangolin stands out for enabling seamless token swaps without intermediaries.

How Does Pangolin Work

Operational Mechanisms

Pangolin operates as an automated market maker (AMM) on the Avalanche blockchain, using smart contracts to facilitate trades. It employs Avalanche's consensus mechanism, which combines proof-of-stake (PoS) with a unique Avalanche consensus for rapid finality—often under two seconds.

Technical Principles

At its core, Pangolin uses liquidity pools where users provide assets to earn fees. Smart contracts, written in Solidity-compatible code, handle trades automatically. Public keys allow users to interact with the blockchain, while private keys secure wallets and authorize transactions. This setup ensures decentralization, with no central authority controlling funds.

How Is New Pangolin Created

Issuance Method

New Pangolin tokens are primarily distributed through liquidity mining and community incentives rather than traditional mining.

Mining/Staking Mechanisms

Users earn PNG by providing liquidity to pools and staking LP tokens in farms. It follows an emission schedule with rewards decreasing over time to control inflation. The total supply is capped at 538 million PNG, with a portion allocated for governance and ecosystem growth. Stakers receive rewards based on their share of the pool, promoting long-term holding.

The Use Cases of Pangolin

Application Scenarios

Pangolin serves as a governance token, allowing holders to vote on proposals like fee adjustments or new features in the DEX.

Broader Applications

In DeFi, it's used for yield farming and liquidity provision, earning users fees from trades. It supports token swaps for payments and cross-chain transfers via Avalanche's bridges. Additionally, PNG integrates with NFTs through partner projects and enables community-driven decisions, making it versatile for decentralized apps.

Buy, Send, or Store Pangolin

Purchasing Channels

You can buy Pangolin on exchanges like WEEX Exchange or through over-the-counter (OTC) trades. WEEX offers a user-friendly platform for spot trading with low fees.

Wallet Types and Storage

Store PNG in hot wallets like MetaMask for quick access or cold wallets like Ledger for enhanced security. To send, connect your wallet to the Avalanche network, input the recipient's address, and confirm the transaction. Always enable two-factor authentication and back up your private keys to avoid losses. Register on WEEX Exchange today to earn a free 20 USDT bonus and start trading Pangolin securely.

Pros & Cons / Risks

Advantages

- High decentralization through community governance. - Fast transactions and low fees on Avalanche. - Strong security via audited smart contracts. - Rewards for liquidity providers encourage participation.

Risks

- Price volatility common in crypto markets. - Regulatory changes could impact DeFi platforms. - Technical risks like smart contract vulnerabilities. - Market uncertainty from competition in DEX space.

Comparison

Pangolin differs from Bitcoin, which focuses on value storage with proof-of-work, by emphasizing DeFi trading on PoS. Compared to Ethereum's Uniswap, Pangolin offers faster speeds and lower costs due to Avalanche's architecture, positioning it as a niche player in efficient, scalable DEXs.

Conclusion / Next Steps

Pangolin holds potential for growth in DeFi as Avalanche expands, with future developments like enhanced cross-chain features. Check out its whitepaper or roadmap for deeper insights. Join the community on Telegram to stay updated, or explore trading on WEEX Exchange to get involved.

Market & Ecosystem

Market Cap & Trading Volume

As of September 11, 2025, Pangolin's market cap stands at approximately $150 million, with a 24-hour trading volume of $5 million, reflecting steady interest amid DeFi trends.

Exchanges Where It’s Listed

Pangolin is available on WEEX Exchange and other platforms supporting Avalanche tokens.

Community Size & Activity

The community boasts over 50,000 Twitter followers, active Reddit discussions with 20,000 members, and a Telegram group exceeding 30,000 users, showing high engagement.

Ecosystem Growth

Partnerships with Avalanche projects drive growth, alongside rising developer activity in building dApps and integrations.