Pangolin defi avax png usdt burn coming
An interesting stat about @pangolindex proposed new tokenomics.
We will burn approximately 350 million USD worth of PNG.
I believe this will be the biggest burn in the history of DeFi
What is Pangolin?
Pangolin is the top 1 AMM DEX project built in the Avalanche ecosystem, that allows users to swap Avalanche and Ethereum assets with an optimized fee. The procedure of accessing Avalanche-based DApps, notably Pangolin, is more complex than usual due to the three supporting chains: C-Chain, X-Chain, and P-Chain.
AVAX, Avalanche’s native token, is used to determine transaction fees on the exchange.
What is PNG token?
PNG is the platform's native governance token which enables the community to drive the development of the product in full.
The PNG token is an incentive for depositors who save and earn fees through Pangolin payment activities.
How does Pangolin work?
Pangolin builds on Avalanche instead of Ethereum. The problem of excessive transaction fees has been handled by utilizing a new structure with various token standards.
Although Pangolin is based on the Avalanche platform, the exchange is still compatible with Ethereum assets and tools.
Pangolin allows customers to trade at high speeds while paying cheap transaction costs, comparable to CEX. Another characteristic that distinguishes Pangolin from the competitors in this sector is Fair Launch, which occurs when the project decides on all PNGs for the community via Airdrop or Mining operations.
We will burn approximately 350 million USD worth of PNG.
I believe this will be the biggest burn in the history of DeFi
What is Pangolin?
Pangolin is the top 1 AMM DEX project built in the Avalanche ecosystem, that allows users to swap Avalanche and Ethereum assets with an optimized fee. The procedure of accessing Avalanche-based DApps, notably Pangolin, is more complex than usual due to the three supporting chains: C-Chain, X-Chain, and P-Chain.
AVAX, Avalanche’s native token, is used to determine transaction fees on the exchange.
What is PNG token?
PNG is the platform's native governance token which enables the community to drive the development of the product in full.
The PNG token is an incentive for depositors who save and earn fees through Pangolin payment activities.
How does Pangolin work?
Pangolin builds on Avalanche instead of Ethereum. The problem of excessive transaction fees has been handled by utilizing a new structure with various token standards.
Although Pangolin is based on the Avalanche platform, the exchange is still compatible with Ethereum assets and tools.
Pangolin allows customers to trade at high speeds while paying cheap transaction costs, comparable to CEX. Another characteristic that distinguishes Pangolin from the competitors in this sector is Fair Launch, which occurs when the project decides on all PNGs for the community via Airdrop or Mining operations.
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