What is a Pangolin Exchange? Training to work with Pangolin Decentralized Exchange
With the increasing awareness of the public about cryptocurrencies and the expansion of digital assets, the desire of various segments to earn money from this industry is increasing day by day. Decentralized exchanges should be used to conduct various confidential transactions. So Pangolin Exchange is one of the newest trading platforms that offer various capabilities to investors. Also, this article will first introduce the decentralized Pangolin exchange and its native tokens, and then we will review how to work with the Pangolin exchange.
What is a Pangolin Exchange (PNG)?
Pangolin is a decentralized exchange (DEX) developed on the Avalanche platform. So this decentralized exchange supports assets based on Ethereum standards. Decentralized Pangolin Exchange, like Uniswap Exchange, uses the Automated (AMM) protocol.
Olanch supports the Ethereum Virtual Machine (EVM). This virtual machine allows users with Ethereum to exchange their tokens instantly and cheaply. Although the PNG digital currency is the native token of this exchange, which also has governance features.
PNG digital currency
PNG is a native token of the Pangolin exchange platform. This token is used to manage exchange processes. Token distribution is now done entirely through liquidity pools. The liquidity extraction phase will remain active until the liquidity pool processes are changed, or an alternative plan is presented.
The majority of the Pangolin exchange community must accept the alternative plan. Members of the community can challenge current processes by offering suggestions. Ultimately, the Pangolin community must decide how to add or subtract mining liquidity pools or how to distribute PNG tokens.
95% of the total PNG token supply is through extraction, and the other 5% is distributed to users in the form of Airdrop. Metamask and Olanch wallets can be used to store, buy and sell these cryptocurrencies.
Fee management in Pangolin Exchange
The Pangolin community can distribute and manage the platform’s wages. This distribution system transfers 0.05% of all fee revenue to a specific address. Also, the transfer fee is 0.30% of the transaction amount and is always fixed, but depositors and liquidity suppliers will receive only up to 0.25% of these fees.
This model allows the Pangolin community to raise funds to support network development projects. So the time of blocking the capital in the distribution system of Pangolin exchange fees is three months. Thus, each commission is non-refundable for up to 90 days after sending to different sections.
10% of the total supply of PNG tokens in circulation is allocated for government proposals. To approve the plan, most members (more than 50%) must agree. This amount should not be less than 15% of the total PNG token supply. If both conditions are met correctly, the plan will be implemented. Voting time will be seven days, and if the plan is approved, its implementation will take two days.
Also, this smart contract allows members of the Pangolin community to propose new designs, participate in the voting process, and ultimately implement approved proposals.
Depositors can receive PNG digital currency by participating in Pangolin payment and processing processes. This reward is provided from the place where the transaction fees are received.
Fees in a decentralized Pangolin exchange
To use Pangolin exchange services, you will need a Metamask wallet. So the MetaMask wallet specifies the amount of the fee on the Avalanche bed with the Ethereum unit. The fee is called Ethereum Gas. However, the token will be used to pay the AVAX network fee. To calculate the fee in Rials or Dollars, you must multiply the number of paid AVAX units by the current price of this token.
Why invest in Pangolin Exchange (PNG)?
As mentioned, this decentralized exchange offers three very important benefits to users.
Fast and cheap deals
Since the decentralized Pangolin exchange has been developed on the Avalanche platform, it is possible to exchange assets quickly. At the same time, the transaction fee will be only a few cents. As a result, users can enjoy the high speed and low cost of financial transactions.
In addition, the Pangolin Exchange has a great deal of transparency in the transaction process. So users can easily identify the trading party’s wallet address and check transaction calculation patterns.
Community-oriented development
In addition to superior technical capabilities, the Pangolin Exchange is a community-based ecosystem. The native PNG token enables community members to guide product development processes fully.
Fair token distribution
The Pangolin ecosystem has a 100% community-focused token distribution model. All native tokens of this exchange are distributed directly among the community members, and no share reaches the development team, consultants, project investors, and other people affiliated with the project.
Launching and financing the Olanch wallet with AVAX tokens
To work with a Pangolin wallet exchange, you need an oolong. By going to the wallet.avax.network and clicking on the Create New Wallet option, you can create your wallet on the Olanch platform. You can also get AVAX tokens from different exchanges. A list of these exchanges can be found on the CoinMarketCap website.
Once you have purchased the AVAX token, transfer the asset to the Avalanche wallet. So Avax receiving address starts with x-avax1. Also after successfully transferring AWACS tokens, you can start launching Metamask.
Launching a Metamask wallet
MetaMask plugin for your browser downloads and installation. Note that this plugin is supported in Chrome, Firefox, Brave, and Edge browsers.
Then you have to create an Ethereum wallet. If you have already made a wallet, you can use Seed to retrieve it. If you do not have an Ethereum wallet, click Create a Wallet. So be sure to write down the password and the Seed phrase and store it securely. These two codes will be the key to your access to digital assets. After creating an account, you can use this wallet to perform transactions on the Avalanche platform.
Connecting the scroll to the oolong
To do this, click on the Metamask wallet drop-down menu and select Custom RPC. 
On the new page, you will see empty fields. Use the following statements to fill in these fields.
Network Name: Avalanche Network
: New RPC URL
https://api.avax.network/ext/bc/C/rpc
Chanel: 0xa86a
Symbol: AVAX
: Explorer
https://cchain.explorer.avax.network
Now add PNG digital currency to your Metamask wallet. 
To add Pangolin passwords to the list of Metamorphic tokens, even first, click Add Token and then Custom Token. 
Enter the following information in the fields of the new page so that the wallet can identify the token.
: Token Contract Address
0x60781C2586D68229fde47564546784ab3fACA982
Token Symbol: PNG
Now click on Next. Also, after a few seconds, the Pangolin token will be added to the Metamask wallet.
It’s time to dump her and move on.
Go to wallet.avax.network and then log in to your Avalanche wallet. On the left, you will see a list of options. Click on Cross-Chain. 
Select C Chain (Contract) as the destination blockchain in the next section. 
Now you can enter the desired amount to transfer the token to the Metamask wallet and click on Confirm to perform the transfer operation.
Follow the steps below to send AWACS tokens from Avalanche wallet to Metamask wallet. Also, these tokens will be used to pay commissions at the Pangolin Exchange. First, select Send from the menu on the right. 
Click C Contract as the source chain. 
Copy the address of your Metamask wallet in the To Address field. Then confirm the transaction to transfer the asset. 
AWACS tokens are now available in your Metamask wallet to pay commissions, and you can start working with the Olanch platform and the Pangolin exchange.
Concluding remarks
Pangolin Exchange is one of the best-decentralized platforms for buying and selling Ethereum tokens. Developed on the Avalanche network, the platform can handle Ethereum -based trading at higher speeds and lower fees. So PNG digital currency as a native and sovereign token of this exchange has left the hands of users free to make changes and manage processes. So using a scam wallet and AVAX tokens, you can easily start working with a decentralized Pangolin exchange.
