This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Pangolin?

Pangolin (PNG) is a decentralized cryptocurrency operating on the Avalanche C-Chain platform. It is the native token of the Pangolin decentralized exchange (DEX), which uses an Automated Market Maker (AMM) technique similar to Uniswap. The token is capped at a supply of 230 million, with 83% dedicated to incentivizing liquidity providers. PNG token holders can stake their tokens to earn a share of protocol revenues through regular token buybacks, providing an APR with no impermanent loss. Pangolin prioritizes security through a multifaceted approach, leveraging the robust features of the Avalanche blockchain and employing a non-custodial wallet system.

How is Pangolin used?

Pangolin (PNG) is the native token of a decentralized exchange (DEX) built on the Avalanche blockchain. The primary use case of PNG tokens is governance, allowing holders to vote on various decisions and participate in the platform's development. Additionally, PNG tokens can be used to earn rewards through staking and farming, providing an incentive for liquidity providers and contributing to the platform's overall liquidity.

Beyond governance and rewards, Pangolin offers a range of features aimed at enhancing the trading experience. These include token swaps, liquidity pools, yield farming opportunities, portfolio tracking, and watchlists, as well as in-app news to keep users informed. The platform also supports limit orders on all pairs, allowing for more strategic trading decisions.

For projects integrating decentralized trading capabilities, Pangolin offers DEX-as-a-Service (DAAS), enabling direct integration of its DEX widget into decentralized applications (dApps). This service expands the utility of Pangolin beyond just a trading platform, making it a valuable tool for the broader blockchain ecosystem.

PNG token holders can stake their tokens to receive a portion of the trading fees generated by the platform, offering an additional revenue stream without the risk of impermanent loss. Overall, the PNG token plays a crucial role in the Pangolin ecosystem, facilitating community-driven governance and incentivizing liquidity provision.

How do I store Pangolin?

To store Pangolin (PNG) tokens, you can follow these steps:

  1. Open Coin98 Wallet: Start by opening the Coin98 Wallet on your device.
  2. Click Receive: On the home screen, click the "Receive" button.
  3. Search PNG: Search for PNG Token and select it.
  4. Store Tokens: You can now store your PNG tokens in your Coin98 Wallet.

How to buy Pangolin?

To buy Pangolin (PNG) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEX)
  1. Choose a Centralized Exchange: Select a reliable CEX such as MEXC, Coinbase, or Binance. Ensure the exchange supports Pangolin (PNG) trading.
  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves verifying your identity.
  3. Add a Payment Method: Connect a payment method such as a bank account, debit card, or credit card.
  4. Search for Pangolin: Find Pangolin in the exchange's asset list and select it.
  5. Enter the Amount: Input the amount you want to spend in your local currency. The exchange will automatically convert it to the equivalent PNG amount.
  6. Finalize the Purchase: Review the details and confirm the purchase.
Buying on Decentralized Exchanges (DEX)
  1. Choose a DEX: Select a DEX that supports Pangolin (PNG) trading, such as Uniswap or SushiSwap.
  2. Install a Web3 Wallet: Download and install a Web3 wallet like Metamask or Trust Wallet.
  3. Create and Set Up the Wallet: Set up a new wallet and ensure it is supported by the DEX.
  4. Transfer Mainnet Cryptocurrency: Transfer the mainnet cryptocurrency (e.g., ETH for Ethereum-based DEX) to your wallet.
  5. Connect to the DEX: Connect your wallet to the DEX.
  6. Find the Swap Option: Locate the "Swap" option and select the token you want to trade for Pangolin.
  7. Enter the Amount: Input the amount you want to trade.
  8. Confirm the Swap: Review the details and confirm the swap.
Additional Tips
  • Ensure you have a secure and reliable internet connection.
  • Be cautious of scams and fake tokens on DEX platforms.
  • Consider storing your PNG tokens in a cold wallet for long-term storage.
  • You can also earn rewards by staking your PNG tokens.

By following these steps, you can successfully purchase Pangolin (PNG) tokens on both centralized and decentralized exchanges.

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