This FAQ covers everything you need to know about Pangolin Coin (PNG), the native token of the Pangolin DEX on Avalanche. From basic questions about what it is and how it works, to advanced topics like staking, governance, and comparisons with other DEXes, we provide clear and concise answers to the most common queries.

What is Pangolin Coin (PNG)?

Pangolin Coin (PNG) is the native governance and utility token of Pangolin, a decentralized exchange (DEX) built on the Avalanche blockchain. It is used for staking, governance, and incentivizing liquidity providers.

Launched in early 2021, Pangolin was one of the first DEXes on Avalanche, designed to offer low fees and fast transactions. PNG is an ERC-20 equivalent on Avalanche, and its total supply is capped at 538 million tokens. Holders can stake PNG to earn a share of trading fees and participate in protocol governance.

How do I buy Pangolin Coin (PNG)?

You can buy Pangolin Coin (PNG) on the Pangolin DEX itself or on centralized exchanges that list PNG. The most common way is to swap AVAX or another token for PNG on Pangolin.

To purchase PNG on Pangolin: first, you need an Avalanche-compatible wallet like MetaMask or Core Wallet, and some AVAX to cover transaction fees. Then, visit the Pangolin app, connect your wallet, and swap AVAX for PNG. Alternatively, check major exchanges like Gate.io, KuCoin, or Bitfinex for availability.

What is Pangolin DEX and how does it work?

Pangolin is a decentralized exchange (DEX) on Avalanche, using an automated market maker (AMM) model similar to Uniswap. It allows users to trade tokens without an intermediary, using liquidity pools.

Liquidity providers deposit pairs of tokens (e.g., AVAX/PNG) into pools and earn trading fees. The exchange uses a constant product formula (x*y=k) to determine prices. Pangolin is known for its low fees (0.3% per trade) and fast settlement, leveraging Avalanche's high throughput.

What are the benefits of staking Pangolin Coin?

Staking Pangolin Coin (PNG) offers several benefits, including earning a share of trading fees, receiving governance rights, and potentially earning additional PNG through yield farming incentives.

When you stake PNG in Pangolin's staking contract, you receive xPNG, which represents your staked position. xPNG can be used in other DeFi protocols to earn additional yields. Staking also gives you voting power on governance proposals, so you can influence the future of the protocol.

How does Pangolin Coin compare to Uniswap (UNI)?

Pangolin Coin (PNG) and Uniswap (UNI) are both DEX tokens, but they operate on different blockchains: PNG is on Avalanche, while UNI is on Ethereum.

Pangolin offers lower transaction fees and faster block times due to Avalanche's consensus mechanism, making it more cost-effective for smaller trades. Uniswap has a larger ecosystem and more liquidity, but higher gas fees. PNG also has a higher inflation rate initially to incentivize liquidity, whereas UNI has a fixed supply.

What is the total supply and emission schedule of Pangolin Coin?

The total supply of Pangolin Coin (PNG) is capped at 538 million tokens, with a deflationary mechanism as some tokens are burned.

The emission schedule started with an initial allocation of 12.5 million PNG per month, decreasing by 0.5 million each month until reaching 2.5 million per month. After that, emissions are halved every six months. This schedule is designed to reward early liquidity providers and gradually reduce inflation. As of 2026, the circulating supply is about 300 million PNG, with the rest to be distributed over time.

Is Pangolin Coin a good investment in 2026?

Whether Pangolin Coin is a good investment depends on your risk tolerance and belief in the Avalanche ecosystem. It has a solid track record and active development, but like all cryptocurrencies, it carries risks.

In 2026, Pangolin continues to innovate with features like limit orders and cross-chain swaps. Its value is tied to the adoption of Avalanche and the DEX's liquidity. Consider factors such as market conditions, competition, and your own research before investing.

Where can I store Pangolin Coin safely?

You can store Pangolin Coin (PNG) in any Avalanche-compatible wallet, such as MetaMask, Core Wallet, or Ledger hardware wallets via the Avalanche app.

For maximum security, use a hardware wallet like Ledger or Trezor, which keeps your private keys offline. Software wallets are convenient for active trading but are more vulnerable to hacks. Always ensure you download the official wallet software and never share your seed phrase.

What are the risks of using Pangolin and PNG?

The main risks include smart contract vulnerabilities, impermanent loss for liquidity providers, and market volatility. Additionally, regulatory uncertainty surrounds DeFi and governance tokens.

Pangolin has undergone audits by reputable firms, but no protocol is completely immune to exploits. Impermanent loss occurs when the price of tokens in a liquidity pool diverges, potentially reducing your value compared to holding. The PNG price can be highly volatile, so only invest what you can afford to lose.

Final Thoughts

Pangolin Coin plays a vital role in the Avalanche DeFi ecosystem, powering a decentralized exchange that offers cheap and fast trades. For those interested in Avalanche, PNG provides an opportunity to participate in governance and earn rewards.

As with any crypto investment, do thorough research and consider your financial situation. The DeFi space evolves rapidly, so stay informed about updates and risks. Whether you're a trader, liquidity provider, or long-term holder, Pangolin offers a range of ways to engage.