Pangolin is a decentralized trading platform launched by Avalanche, driven by the community, and governance tokens will be distributed to the community in a fair start mode. It uses an automated market maker (AMM) similar to Uniswap, allowing users to use Avalanche’s underlying performance to increase transaction speed and reduce transaction costs. The Pangolin governance token PNG will be distributed to the community in accordance with a fair start model. The team has no fundraising nor any share, and 0.3% of the transaction fee will be returned to the liquidity provider.
Avalanche stated that Pangolin will soon receive $2 million worth of AVAX rewards for its users as a unilateral PNG pool reward. The PNG pool will start accepting deposits on September 8th UTC time for three months.
As a DEX project of Avalanche ecology, Pangolin can successfully catch up with or even surpass Uniswap, let us wait and see.