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Pangolin

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Pangolin

PNG is the utility token of the Pangolin DEX, which initially launched on Avalanche. In 2022, Pangolin announced plans to feature multi-chain support, including the Flare Network and NEAR Protocol. PNG governs the Pangolin DAO and can be staked to receive a portion of trading fees generated by the DEX.

Pangolin is a decentralized cryptocurrency exchange (DEX) that operates on the Avalanche Network. It strives to provide an improved experience for traders and projects through advanced tooling and deep liquidity. The platform's native governance token, PNG, aims to empower the community to steer the development of the product. With a 100% community-focused token distribution model, all tokens are distributed directly to the community, without any allocations to advisors, investors, or insiders. The total supply of PNG is capped at 230 million tokens, with 83% of these tokens dedicated to incentivizing Liquidity Providers on Pangolin.

Pangolin operates as a multichain DEX, facilitating easy swaps and providing a range of tools for projects and traders. PNG token holders can stake their PNG and receive a share of protocol revenues. This is achieved through regular token buybacks, where 0.0425% of all trades are paid to the PNG staking pool. This mechanism allows stakers to receive APR on their PNG without experiencing impermanent loss. Pangolin also provides a variety of tools including token swaps, liquidity pools, yield farming, portfolio tracking, watchlists, and in-app news.

Pangolin aims to serve as a digital asset gateway, providing a platform for trading, staking, and making offerings of digital assets. It provides a variety of tools and features that cater to both projects and traders. These include token swaps, liquidity pools, yield farming, portfolio tracking, and watchlists. Pangolin also provides a DEX-as-a-Service (DAAS) where projects can directly integrate Pangolin's DEX widget into their decentralized application (dApp). This makes it a versatile platform for a variety of use cases in the decentralized finance (DeFi) space.

Pangolin was launched in February 2021 on the Avalanche Network as a proof of concept for automated market makers (AMMs). In its first year, Pangolin facilitated over $15 billion dollars in trading volume. The platform is backed by a team of experts in finance, economics, business, marketing, blockchain development, software development, design, and community building. They are committed to building a decentralized trading platform and multi-chain hub. Pangolin aims to be on a multi-chain journey, with deployments on various networks including Hedera Network, Flare Network, EVMOS, and Near Protocol, among others.

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Market

United Kingdom Market stats

Market cap

£39.0M

Volume (24h)

£430,464.90

Circulating supply

218.4M PNG

Typical hold time

11 days

Popularity

#544

All time high

£3.66

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.33%

Price change (1d)

+9.01%

Price change (1w)

-6.13%

Price change (2w)

-6.72%

Price change (1m)

-11.92%

Price change (1y)

+869.92%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Pangolin on social media

217 unique individuals are talking about Pangolin and it is ranked #922 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Pangolin has an average sentiment score of 3 out of 5. Finally, Pangolin is becoming more newsworthy, with 0 news articles published about Pangolin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Pangolin. There were 23.08% of tweets with bullish sentiment compared to 34.62% of tweets with a bearish sentiment about Pangolin. 42.31% of tweets were neutral about Pangolin. These sentiments are based on 26 tweets.

On Reddit, Pangolin was mentioned in 1 Reddit posts and there were 3 comments about Pangolin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

217 people

Posts

29 posts

Dominance

0.01%

Volume rank

#922

Average Sentiment

3 out of 5

Twitter

Pangolin is on the decline this week.

The price of Pangolin has increased by 0.33% in the last hour and increased by 9.01% in the past 24 hours. Pangolin’s price has also fallen by 6.13% in the past week. The current price is £0.18 per PNG with a 24-hour trading volume of £430.46K. Currently, Pangolin is valued at 95.14% below its all time high of £3.66. This all-time high was the highest price paid for Pangolin since its launch.

The current circulating supply of Pangolin is 218,373,971 PNG which means that Pangolin has as total market cap of 218,373,971.

FAQ

What is the current price of Pangolin?

We update our Pangolin to GBP currency in real-time. Get the live price of Pangolin on Coinbase.

What is the market cap of Pangolin?

The current market cap of Pangolin is £38.99M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Pangolin?

The all-time high of Pangolin is £3.66. This all-time high is highest price paid for Pangolin since it was launched.

What is the 24 hour trading volume of Pangolin?

Over the last 24 hours, the trading volume of Pangolin is £430.46K.

What other assets are similar to Pangolin?

Assets that have a similar market cap to Pangolin include UNKJD, Ferrum Network, GT Protocol, and many others. To see a full list, see our comparable market cap assets.

How many Pangolin are there?

The current circulating supply of Pangolin is 218 million.

What is the typical holding time of Pangolin?

The median time that Coinbase customers hold Pangolin before selling it or sending it to another account or address is 11 days.

What is the relative popularity of Pangolin?

Pangolin ranks 154 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Pangolin?

Currently, 70% of Coinbase users are buying Pangolin. In other words, 70% of Coinbase customers have increased their net position in Pangolin over the past 24 hours through trading.

Can I buy Pangolin on Coinbase?

Yes, Pangolin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Pangolin guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024