The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Pangolin has fallen by 1.81% in the past 7 days. In just the past hour, the price grew by 0.02%. The current price is $0.0178 per PNG. Pangolin is 99.64% below the all time high of $4.99.
The current circulating supply is 186,914,285 PNG.
PNG is the utility token of the Pangolin DEX, which initially launched on Avalanche. In 2022, Pangolin announced plans to feature multi-chain support, including the Flare Network and NEAR Protocol. PNG governs the Pangolin DAO and can be staked to receive a portion of trading fees generated by the DEX.
is a community-driven built on the Avalanche . The exchange is developed for and Avalanche and aims to provide fast settlement, low transaction fees, and a democratic distribution. The platform presents trading opportunities to users so that they can find and increase their yield.
According to the , the team of Pangolin discovered the limitations of network infrastructure with the skyrocketing usage of applications. This resulted in network congestion and systemic risks. Consequently, the team realized that such applications need ownership from the community and should be highly democratic. Thus, the Pangolin platform is a response to these issues that aims to offer its users a centralized exchange-like swiftness without compromising access to their current range of assets and without giving authority to huge insiders. Pangolin seeks to provide three vital benefits to its users: cheap and swift trades, open and fair distribution of tokens, and community-driven growth. Pangolin aims to provide adequate performance along with governance control that can benefit the token holders.
As Pangolin is created on Avalanche, users can swap their assets at a low transaction fee. Also, the platform aims to offer fast trade to traders. The platform seeks to feature a token distribution model which is 100% community focused. This implies that all the tokens are dispersed directly to the entire community without allocating them to the traders, team, insiders, or advisers.
The native token of Pangolin is PNG, which is a governance token. The token holders are eligible to vote for the liquidity pool as well as the conversion fee. PNG token aims to enable the community to entirely drive the product's growth. The token seeks to serve as an incentive for traders who secure and earn fees via payment activities of the platform.
The Pangolin project follows a fair launch model with its PNG tokens, where all the tokens are distributed to the community through operations or airdrop. is the CEO at Pangolin Exchange. The maximum total supply of PNG tokens is 538 million.
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The current market cap of Pangolin is $3.32M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Pangolin is $4.99. This all-time high is highest price paid for Pangolin since it was launched.
Over the last 24 hours, the trading volume of Pangolin is $38.35K.
The current circulating supply of Pangolin is 187 million.
The median time that Coinbase customers hold Pangolin before selling it or sending it to another account or address is 8 days.
Pangolin ranks 229 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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