Topic: A DEX Project Based on The Avalanche Protocol----Pangolin (Read 71 times)

One of the requirements to get a share of their community airdrop was holding UNI or SUSHI by December 7, 2020. That information taken  from this article https://pangolin.exchange/tutorials/claim-png/ I supposed it was distributed already since that was last year so that means you'll have to purchase PNG on their platform.

I wonder how they'll determine who gets the governance token. And I suppose you need to have the token(alot maybe) in order to take part in governance... But if you don't have the token, you can't take part in governance, right? Yet "Crypto fans" will still call project with that kind of governance model decentralized.
A truely decentralized Crypto project should simply require you to download your full node to take part in proper consensus/governance just like Bitcoin otherwise it's not True Cryptocurrency project and definitely not decentralized. This can be easily proven.
Such governance model should never be relied on as decentralized.

Pangolin is a decentralized and community-driven trading platform launched by Avalanche. Its governance token will be distributed to the community in a model known as a “fair launch”. Similar to Uniswap’s AMM, it allows users to use Avalanche’s underlying capabilities to enhance trading speed and lower transaction costs. Pangolin’s PNG governance token will be distributed to its users in a model known as a “fair launch”. The team did not raise funds or own any tokens, so 0.3% of the trading transaction costs will be refunded to the liquidity providers.

Pangolin is a DEX (decentralized trading platform) operated on Avalanche. It uses the AMM model, which is identical to Uniswap, allowing users to trade all of the tokens on Ethereum and Avalanche.

Pangolin has three important characteristics: Fast and cheap transactions, community-driven development, and fair and open distribution of tokens.
Fast and cheap transactions: Since it is established on Avalanche, relying on the Avalanche Protocol’s characteristics, users can exchange assets while enjoying a sub-second trading certainty and transaction costs as low as a few cents.

Community-driven: Pangolin conducts community governance through PNG tokens so that the community can fully promote product development.

100% Community Token Distribution: PNG Governance token will be fully distributed to the community and shall not remain in the team as it is a platform fully governed by the community.

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