Pangolin PricePNG

What is Pangolin Exchange?

Justin Trollip is the CEO of this exchange. He went forward and formed  a team of experts. These highly qualified peoe were from various fields like business, finance, blockchain, etc. He along with them founded this network in the year 2021. Soon after its launch it managed to gain a significant amount of traction. Infact, it  fulfilled its aim to provide users with a multi-chain decentralized platform to trade cryptocurrencies and tokens. The network was successful in bridging the various networks and starting trade. In fact, it has some of the best features and a wide range of use cases. We will discuss them further in this article.

How Does Pangolin Work?

This network works as a multichain DEX. Below mentioned are some of its technological advancements that help it to work so smoothly.

• Smart Contracts 

The work of smart contracts is to enable trade and to look after the distribution of rewards on a computational basis. This helps the network in doing effortless trading. 

• Decentralization 

This network is built on a decentralized blockchain known as Avalanche.  Being completely decentralized it has eliminated the need of centralized authorities and operates completely on smart contracts. 

• Liquidity Pools

This network uses the liquidity pools to conduct trading. The users just have to deposit tokens and provide liquidity to its pools. The users in return earn the network's native tokens. This helps the users to earn trading fees that are produced by the network. 
 

What Are the Features of Pangolin?

The reason behind the success of this network is its strong technological foundation and its unique features. Some of which are listed below.

• Governance 

This network allows its token holders to take part in the governance of the network. The token holders have the power to participate in voting on specific topics that can bring changes in the future. 

• Decentralized 

This network works on a decentralized blockchain. This means there are no centralized authorities involved with it. This helps the users to have a complete and full control over their funds. 

• Low-Cost 

It is a decentralized network. Therefore, it has eliminated the need for centralized financial authorities like banks and other financial institutions. Since there are no intermediaries it charges minimum transaction fees. 

• Supports Multi Wallets 

This network supports varieties of wallets. This means that users can connect their wallet with this network and perform an effortless form of trading. 

What Are the Potential Use Cases for Pangolin?

The main aim of this network is to provide users with a multi-chain decentralized platform. This network can be used as a gateway to digital assets, as a trading platform or for staking.  Below mentioned are some of the use cases of this network.

• DeFi 

This network works in coordination with the decentralized finance that enables its users to take part in the DeFi activities like leading, borrowing, trading etc. 

• Governance 

This network allows its users who have its native token holdings to take part in the decision-making process of the network. The users can take part in the voting process and bring changes in the platform. 

• Yield Farming 

This network allows its users to stake their token to earn rewards. This process is known as yield farming. 
 

How to Acquire a PNG token?

PNG is the native token of this network.  It is available on many exchanges like Coinbase, Gate.io, etc. You can get this coin by following the below steps 

• Crypto Exchange Search 

Search for a reliable cryptocurrency exchange that supports this token. Go for a popular exchange for security. 

• Account Creation

Create your account on that exchange and complete the necessary verification process. 

• Fund Deposit

Deposit funds and place purchase orders for the required amount of coins. 

• Coin Collection 

After the purchase order is verified your coins will be deposited into your account. 

Wallet Transfer

Once the coins get deposited transfer it into the secured wallets. 
 

Future Outlook of Pangolin 

This network has a very bright future mainly because of the following reasons: 

• Technological Advancements

The strong technological foundation makes this coin have a stand alone place against other contemporary digital currencies like it 

• Unique Features

It has some of the most unique features which we already discussed in the earlier part of the article. However, some of the important features worth mentioning is its low cost and multiple wallet support that makes it affordable for many crypto enthusiasts. Decentralization is another feature that helps the users have complete control over their funds. On the other hand, The governance opportunity to its users is a feature that shows that the digital coin priorities its users

•  Multi-chain Decentralized Platform 

has helped It to gain a considerable amount of traction. It has a team of experts that work round the clock to bring improvement in the network. 

• Community Driven Network 

It is a community-driven network thus allows its token holders to take part in its working by voting in its important matters. 

These are the reasons that would gain this network an all round success in the future. 

Conclusion 

Anyone looking for a platform that supports multi-chain trading, then this is the best option for them. Interested investors should do a detailed research on the challenges and risks like volatility, regulatory changes, etc before investing for security purposes.