MEXC Global
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MEXC Global

MEXC AMA with Ken Burbary from Pangolin(PNG)

Guest: Ken Burbary, CMO of Pangolin

Host: Miranda

Introduction:

Miranda: Today, we’re honored to have Ken Burbary, Chief Marketing Officer at Pangolin, here to give us a more intuitive introduction to their unique project.

Ken, would you like to say hello and introduce yourself?

Ken: Of course, I’m happy to be here. I’m the Chief Marketing Officer at Pangolin. Pangolin is a decentralized exchange on the Avalanche Blockchain. It’s actually the first DEX ever on Avalanche. My background prior to this is all in digital marketing, both in crypto/defi and in other industries.

Questions from community:

Q1:

Miranda: First can you tell us what is Pangolin? Can you share with us more in detail?
Ken:
Pangolin is a Uniswap V2 fork, which means we are a exchange and AMM (market maker). We provide a platform for Defi users to swap tokens, provide liquidity (which results in earning rewards) and also offer staking of our token, PNG, to earn additional rewards.

In summary, Pangolin provides important utility services to Defi users that enables them to transact in the Avalanche ecosystem.

Q2:

Miranda: Next question is, can you tell us what triggers you to Pangolin? What are some of the real-world problems/ pain points that Pangolin aims to solve?
Ken:
Excellent question!

Pangolin is a unique DEX (decentralized exchange), because it is entirely governed and lead by the community. Pangolin’s launch was completely fair. 95% of all PNG tokens were allocated to the future for liquidity providers. The remainng 5% was airdropped to early users. There was never any investment or VC funding. There is a core team that manages the daily operations and execution of Pangolin but any significant decision or future change requires a community vote.

This means, if an individual wants to propose a change or get involved, the operating model of Pangolin is by design, inclusive of this. Anyone can participate in shaping the future of Pangolin.

Miranda: Anyone can participate in shaping the future of the project, that sound very interesting!
Ken:
Exactly

Q3:

Miranda: How about the native token of Pangolin, what is the role of $PNG in Pangolin and its tokenomics?
Ken:
The native token is PNG, which brings several benefitss to holders.

1) Governance. PNG holders have a unique beneft in that they are then able to vote on any governance proposal about the future of Pangolin. This gives them the abillity to participate and shapre the future of the Pangolin project.

2) Yield Farming to earn more. PNG can be used to earn additional yield by pairing it with a variety of other tokens and then providing liquidity on Pangolin DEX.

This additional yield comes in the form of a percentage of swap fees that are generated from users trading on Pangolin, and additonal PNG tokens that a user can earn from specific farms that are incentized by us, Pangolin.

3) Lastly, the PNG token that users either buy or earn can be staked to earn additional PNG through our single-sided staking offering.

In summary, the PNG token provides multiple benefits, both financial and governance, to investors and holders.

Miranda: That’s very detailed information,, thanks to Ken
Ken:
Welcome

Q4:

Miranda: Do you also have any exciting news or updates with regards to Pangolin that you would like to share with the users?
Ken:
Several topics of news!

1) Pangolin recently partnered with Axelar, an advanced bridge, and will be the first project on Avalanche to bring UST to the Avalanche ecosystem from Terra. This is siginificant because of what a widely used stablecoin UST is, and it will be bridged to a new, and quickly growing, blockchain in Avalanche.

2) Pangolin began as a Uniswap fork, as I already mentioned. However, we’ve been working on completely redesigning the UX (user experience & interface) from the ground up. In Q1 of 2022, we will be deployed a new, radically improved user experience to the entire platform. This means, a more streamlined and informative interface for all Pangolin DEX users.

Miranda: Seems the team is having a quite busy schedule!

Ken: 3) There is the potential for a future in which Pangolin goes cross-chain. We live in a multi-chain world, and so Pangolin is currently assessing how our DEX can best serve all chains, as a DEX of choice on many chains. We’re aa safe, secure platform for trading and want to extend that to as many Defi users as we can.

4) We recently, in the last 2 weeks, launched a new tokenomics for Pangolin.

The TLDR is: 57% of all PNG burned, emissions schedule changed from 28 years to less than 4 years. And a set of improved smart contracts that allow Pangolin to offer farming incentives to users with a much greater degree of flexibility and control. All of this ensures Pangolin can be a competitive DEX and offer the highest possible rewards to liquidity providers going forward.

Q5:

Miranda: If you were to summarize your project in ONE word, what would it be? Why?
Ken:
Excellent question, and a difficult one.

Trusted.

Why? We’re the second dapp to launch on the Avalanche ecosystem. We’re community governed and lead, this means we have 100% transparency for the project. Example: we publish all of our project financials on a monthly basis, so if you’re trying to understand the health of Pangolin’s business, anyone can do so. Additionally, the core team of Pangolin is fully transparent and doxxed. You can see the humans behind the brand, doing the hard work everyday.

Free-asking Session

Q1. Why you choose Binance Smart chain? we see some chain pop up with good scalability too, then why you choose BSC?

Ken:

We’re on Avalanche blockchain, not BSC.

Q2. Truly, you’ve done AMA in many telegram groups, so what next, what other way will you make your project more popular?

Ken:

Refer to the news question, we have many exciting future announcements. Example: cross-chain and new UX/UI

Q3. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Ken:

Max supply of 230M PNG, emitting over the next 3.5 years.

Q4. How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?

Ken:

Excellent question! Pangolin has a very diverse audience. As such, we currently support many communities and languages. Our main Telegram is the best place to begin but there you will find information on other groups, Turkish, Vietnamese, etc. Here is the link: https://t.me/pangolindex

Q5. Currently, projects are continuously attacked by hackers. That is the nightmare of many projects. So, what is your strategy to anticipate hacking possibilities on your platform? What plan do you have in order not to let “Pollen DeFi’ get hacked and cost investors?

Ken:

In addition to the auditing and testing prveiously done by UniswaP (remember, Pangolin is a fork of Uni), wwe’ve had our smart contracts audited by Halborn, and continously test/review any new work we do. We also collaborate with Halborn on an ongoing basis to provide the safest product.

Q6. Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

Ken:

Yes, anyone holding PNG gets to vote and participate.

Q7. What is business model of your project? How it works? And who are your potential customers and which markets are you targeting on?

Ken:

Pangolin is a DEX. We generate revenue for the protocol and investors through a % of swap fees that occur on the DEX by users trading (swapping) tokens.

Q8. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Ken:

Previosuly answered, 230M max supply. Emissions end in ~4 years.

Q9. Currently from where i can buy ? Is it possible that I can get only by holding it?

Ken:

You can buy directly on our dapp. https://app.pangolin.exchange/

Q10: Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Ken:

1) FIAT On-ramp. Anyone can buy $AVAX and begun using in Defi on Avalanche using our unique feature to buy crypto using your VISA, MASERCARD or APPLE PAY. Pangolin is an excellent place for anyone new to crypto to begin.

2) Community governed DAO. As I previosuly mentioned, the community places an incredibly important role in shaping Pangolin’s future. No other DEX is run this way (on Avalanche at least). This gives us distinct and unique advantages no other DEX can claim.

Q11. Where I can get the latest updates or more information about the project?

Great question. Twitter: https://twitter.com/pangolindex our Medium blog: https://pangolindex.medium.com/ or our email newsletter: https://pangolin.substack.com/

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MEXC Global

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/