What Is Pangolin (PNG) Crypto? Token Explained and How to Buy It

As decentralized finance (DeFi) continues to evolve, certain protocols rise above others for their vision of speed, fairness, and user empowerment. Pangolin (PNG) is one such project, an Avalanche-based decentralized exchange (DEX) that combines cutting-edge blockchain technology with a truly community-driven ethos. 

Built to challenge the inefficiencies of centralized trading platforms, Pangolin allows users to swap tokens, earn rewards, and participate in governance, all within a transparent and self-sustaining ecosystem.

In this guide, we’ll break down what Pangolin crypto is, explore the utility of its native token (PNG), and explain how to buy and use it effectively, whether you’re a trader, liquidity provider, or DeFi enthusiast looking to join one of Avalanche’s most established projects.

What is Pangolin (PNG) Crypto?

Pangolin (PNG) is a decentralized exchange (DEX) built on the Avalanche blockchain, officially launched in February 2021. Designed to bring the speed and scalability of Avalanche to DeFi, Pangolin operates as an automated market maker (AMM) , a protocol that lets users trade crypto assets directly through liquidity pools rather than relying on centralized intermediaries.

Its trading model uses a constant product formula, similar to Uniswap, to determine token prices dynamically based on supply and demand within the pool. 

By leveraging Avalanche’s high throughput and near-instant finality, Pangolin offers users fast, low-cost, and secure trades, effectively combining the convenience of centralized exchanges with the transparency of DeFi.

The platform is community-driven at its core. Its governance structure ensures that the community, not a centralized entity, controls the evolution of the protocol. This ethos of fairness and decentralization was evident from its launch, as Pangolin had no venture-capital or insider allocations, a move that positioned it as one of Avalanche’s most trusted native DEXs.

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Pangolin Token (PNG) Explained

The Pangolin Token (PNG) is the utility and governance asset that powers the entire ecosystem. It’s the key to participating in governance, earning rewards, and enhancing the overall user experience within the Pangolin platform.

1. Governance

Holders of PNG can vote on proposals, upgrades, and fee structures. Every vote influences the platform’s development roadmap, ensuring the DEX evolves according to community consensus rather than centralized control.

2. Staking and Rewards

Users can stake PNG tokens to earn additional rewards or yield from protocol revenues. Staking encourages long-term holding and aligns incentives between traders, liquidity providers, and the platform itself.

3. Liquidity Mining

Liquidity providers (LPs) can deposit tokens into trading pools and earn PNG rewards. This mechanism sustains deep liquidity for trading pairs while rewarding participants with governance tokens.

4. Fee Discounts and Incentives

PNG tokens can be used to reduce trading fees on the DEX, incentivizing active participation and token utility beyond governance.

5. Multi-Chain Expansion

While Pangolin originated on Avalanche, it now follows a multi-chain expansion strategy, aiming to become a chain-agnostic platform. This includes integrating bridges and forming partnerships to connect liquidity across ecosystems.

In essence, the PNG token isn’t just a governance tool, it’s a bridge linking economic participation, governance power, and cross-chain scalability.

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How to Buy Pangolin (PNG)

Buying Pangolin is straightforward, whether through decentralized or centralized exchanges. Here’s a step-by-step overview:

1. Set Up an Avalanche-Compatible Wallet

Start with a wallet that supports the Avalanche C-Chain, such as MetaMask, Core, or Avalanche Wallet. Configure the network if it’s not already available.

2. Acquire AVAX for Gas Fees

All transactions on the Avalanche blockchain require AVAX tokens to pay for gas fees. You can purchase AVAX from major exchanges like Bitrue, Binance, or Coinbase and send it to your wallet.

3. Connect to Pangolin DEX

Visit Pangolin.exchange and connect your wallet. The interface is user-friendly and similar to Uniswap’s, allowing easy token swaps.

4. Swap AVAX or Stablecoins for PNG

Select PNG as your target token and execute the swap. Confirm the transaction through your wallet, ensuring sufficient AVAX remains for fees.

5. Store and Stake PNG

Once purchased, you can hold PNG in your wallet or stake it directly on Pangolin to earn rewards and participate in governance.

Alternatively, PNG is also listed on centralized exchanges like Bitget, LBank, and MEXC, providing more options for traders who prefer custodial platforms.

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Why Pangolin Matters in DeFi

Pangolin’s innovation lies in its balance of decentralization and performance. By leveraging Avalanche’s infrastructure, it achieves speed, low fees, and scalability without compromising transparency. The fair-launch model where every token was distributed to the community also distinguishes Pangolin from most DeFi projects.

Moreover, as multi-chain integration deepens, Pangolin’s liquidity pools could evolve into cross-ecosystem hubs, connecting various blockchains and amplifying PNG’s role as a governance and utility asset in a broader DeFi landscape.

Conclusion

Pangolin (PNG) stands as a community-owned DEX redefining how decentralized exchanges can operate efficiently, scalable, and fair. Whether you’re providing liquidity, staking, or trading, Pangolin ensures a user-first DeFi experience powered by Avalanche’s technology.

Before investing, always research and analyze the market performance on trusted sources like Bitrue, CoinMarketCap, or Pangolin’s official documentation to understand risk factors and long-term potential.

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FAQ

What is Pangolin (PNG)?

Pangolin is a decentralized exchange (DEX) built on the Avalanche blockchain, offering fast and low-fee token swaps through automated liquidity pools.

What is the purpose of the PNG token?

PNG is used for governance, staking, liquidity mining rewards, and trading fee discounts within the Pangolin ecosystem.

How can I buy Pangolin (PNG)?

You can buy PNG on Pangolin’s own DEX by swapping AVAX or other tokens, or on centralized exchanges such as Bitget or MEXC.

Is Pangolin only available on Avalanche?

Originally yes, but Pangolin is expanding into a multi-chain ecosystem, integrating bridges to other networks for broader liquidity.

Is Pangolin a good project to invest in?

Pangolin’s community-driven model and fair token distribution make it promising in DeFi, but as always, perform due diligence before investing.

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