About Pangolin
A community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution–powered by Avalanche. Pangolin brings you the best trading opportunities to find and maximize your yield. Pangolin is a decentralized exchange (DEX) that 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 Airdrop is airdropping a total of 26,900,000 PNG tokens to UNI and SUSHI holders. The snapshot was taken on December 7th, 2020 and eligible holders can claim their tokens within one month of Pangolin’s launch (deadline is 10th of March 2021).
| Platform | Airdrop END | KYC | Website |
|---|---|---|---|
| Avalanche | 2021-03-10 | KYC for users is NOT a requirement | Click Here To Visit |
PNG Distribution: A 100% Community-Driven Governance Token
To reinforce the project’s commitment to being created solely for the benefit of users, Pangolin Airdrop is following a fair launch model with its governance token (PNG). However, while PNG will enable all the governance activities of Pangolin, and therefore its future development, governance proposals will not start until three months after the launch of Pangolin. This waiting period of three months is to ensure that enough PNG is distributed to the community.
Distribution Breakdown
No PNG tokens are allocated to the team, investors, advisors, or any sort of insiders. Therefore, Pangolin is entirely community-driven and entirely community-owned. PNG is capped at a supply of 538 million tokens, 100% of which will be distributed to the community according to Chart 1. The first 95% of tokens, or 512 million tokens, are dedicated to the community treasury, where they will initially be used to fund liquidity mining. The remaining 5%, or 26 million tokens, are dedicated to a community airdrop.
PNG Governance
A big part of the value proposition of PNG’s governance is that it is highly community-driven. Because there are no insiders, such as investors, team members, or other such stakeholders, the development of Pangolin remains entirely up to the wider community.
Modifications to the liquidity pools
Initially, the distribution of tokens will be entirely through the liquidity mining pools listed in the previous section. The liquidity mining period will remain active until the pools are altered or another community initiative is accepted as a formal governance proposal. Proposals may add and subtract liquidity mining pools or may allocate PNG directly to a user or smart contract such as a community treasury.
Fee switch
Pangolin Airdrop community will also have the ability to enable the Pangolin fee switch. This fee switch can divert .05% of all swap fees to a designated address. Swap fees will remain fixed at .30%, but liquidity providers will only receive at most .25% of these fees. This provides the community with the opportunity to acquire extra funds to support any significant community initiatives. The Pangolin fee switch is subject to a 90-day timelock delay and is disabled by default.
Swap Tokens
By using the swap function, you can exchange tokens. In this example, there is .01 AVAX that can swap for 0.0496027 UNI at a rate of 0.201602 AVAX per UNI. If you decide to increase the amount you want to swap in an inefficient pool, a warning will indicate that you are about to swap at an unfavorable rate. To avoid this, simply lower the amount you want to swap or wait for the pool to increase in liquidity.
Interface Settings
With interface settings, you can adjust slippage, transaction timeouts, and the interface from light to dark mode. In the top right corner, there is a cog wheel that gives you the option to change these settings.
