Pangolin is a multichain decentralized cryptocurrency exchange (DEX) on the Avalanche Network. Through advanced tooling, deep liquidity, and smooth onboarding, Pangolin offers easy swaps and a great experience for projects and traders alike.
## Pangolin tools include:
* Token swaps
* Liquidity pools
* Yield farming
* Portolio tracking
* Watchlists
* In-app news
* Super farms for multi-token rewards
* Limit Orders on all pairs
* DEX-as-a-Service(DAAS) where projects can directly integrate Pangolin's DEX widget into their dApp
## What is the PNG token?
The native governance token, PNG, enables the community to drive the development of the product in full. With a 100% community-focused token distribution model, all tokens are distributed directly to the community, without any allocations to advisors, investors, or insiders.
## How many PNG tokens are in circulation?
PNG is capped at a supply of 230 million tokens. 83% of tokens,are dedicated to incentivizing Liquidity Providers on Pangolin.These are emitted to providers everyday until emissions end in Oct 2024.
PNG token holders may stake their PNG and receive a share of protocol revenues. 0.0425% of all trades are paid to the PNG staking pool through regular token buybacks. This allows stakers to earn APR on their PNG with no impermanent loss.