Pangolin
Crypto Overview
Overview
Pangolin is a decentralized exchange (DEX) and automated market maker (AMM) built on the Avalanche blockchain. It launched in February 2021 as one of the first DEXs on Avalanche. The PNG token serves as the platform's governance and utility token.
Intended Utility
The PNG token was designed with several core utilities: governance rights for protocol decisions, liquidity mining rewards, and fee sharing for PNG stakers. Token holders can participate in governance decisions regarding protocol upgrades, fee structures, and treasury management.
Actual Usage & Adoption
The platform has maintained consistent trading volume and liquidity provision, though at lower levels compared to its peak in 2021. Recent data shows daily trading volumes averaging around $1-2 million. The development team remains active with regular updates and improvements to the protocol.
Token Distribution & Economics
Initial token distribution allocated 95% to the community through liquidity mining and only 5% to the team/development fund, with team tokens subject to a 1-year vesting period. This distribution model demonstrates a community-first approach rather than founder enrichment.
Revenue Model
The platform generates revenue through trading fees (0.3% per trade), with 0.25% going to liquidity providers and 0.05% to PNG stakers. This model aligns with Islamic finance principles as it represents legitimate compensation for services rendered.
Crypto Impact
To assign a comfort level investing in Pangolin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pangolin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.