Pangolin (PNG)

“Pangolin is a decentralized exchange (DEX) which runs on Avalanche, uses the same automated market-making (AMM) model as Uniswap features a native governance token called PNG that is fully community distributed, and is capable of trading all tokens issued on Ethereum and Avalanche. Pangolin offers three important benefits in a crowded marketplace with multiple contenders: fast and cheap trades, community-driven development, and fair and open token distribution. First, Pangolin can finalize trades quickly and cheaply. Since Pangolin is built on Avalanche, users can swap assets while enjoying sub-second transaction finality and transaction fees as low as a few cents. Often, trades on Pangolin will feel as fast as trades on centralized exchanges. Second, beyond the significant performance upgrades to the technical status quo, Pangolin is community-driven. The native governance token, PNG, enables the community to drive the full development of the product. Third but not least, Pangolin features a 100% community-focused token distribution model, meaning that all tokens are distributed directly to the community without any allocations to teams, advisors, investors, or insiders. Pangolin responds to these two critical issues that other AMMs face: subpar performance and governance controls that benefit a few large holders. With Pangolin, users will be able to enjoy centralized exchange-like speeds without having to compromise access to their existing portfolio of assets and without having to give control to large insiders.”