$PNG
native asset
DEX Governance and Incentive Token ÔÇö $PNG
$PNG is the native token of Pangolin, a multichain decentralized exchange (DEX) originally launched on Avalanche and now deployed on multiple networks including Flare, Hedera, and Evmos. $PNG is used for governance voting, liquidity incentives, and protocol revenue-sharing models. As Pangolin expands across Layer 1 ecosystems, $PNG aligns community participation with DEX growth through dynamic emissions, farms, and token utility tied to trading volume.
Use Case: $PNG is earned through farming, used to vote on protocol upgrades, and in some deployments, receives a share of swap fees or emissions through staking mechanisms.
Key Concepts:
- DEX ÔÇö Decentralized exchange platform for token swaps.
- Multichain Deployment ÔÇö Available on Avalanche, Flare, Hedera, and Evmos.
- Liquidity Incentives ÔÇö Yield farms and rewards tied to trading volume.
- Governance ÔÇö Token-based voting for protocol changes and DAO decisions.
- Revenue Sharing ÔÇö Staking and emission models based on network fees.
Summary: $PNG is the utility and governance token of the Pangolin DEX, facilitating multichain growth through incentive programs and community-led governance. Its evolving tokenomics reflect the shift toward sustainable DeFi rewards and cross-chain participation.
| Feature | Details |
|---|---|
| Network Origin | Avalanche (2021) |
| Current Deployments | Avalanche, Flare, Hedera, Evmos |
| Token Utility | Governance, farming, staking, revenue share |
| Governance Model | On-chain DAO proposals and voting |
| APR/Emissions | Dynamic emissions with halving and sustainability shifts |
$PNG Token Variants Across Chains
The Pangolin ecosystem utilizes different token tickers across multiple Layer 1 networks to support governance, rewards, and protocol-specific features. While $PNG originated on Avalanche, its expansion to other ecosystems led to distinct cross-chain token variants, each native to their respective network:
| Token | Network | Purpose |
|---|---|---|
| $PNG | Avalanche | Original governance and DEX incentive token |
| $PFL | Flare Network | Governance and rewards token for Flare deployment |
| $PSB | Songbird | Used for staking, emissions, and local DAO governance |
| $PBAR | Hedera | HBAR-native version of PangolinÔÇÖs incentive token |
This multichain token model allows Pangolin to localize governance and incentives to each Layer 1ÔÇÖs ecosystem while preserving a unified brand identity. Cross-chain swaps, bridges, and community votes may align these tokens in the future under broader DAO decisions.