source avatarAdam | Pangolin

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An anonymous account named @twitt_tr claims to have analyzed Pangolin 😂 Let's look at what he got wrong: 1. Lie: PNG token is infinite. Avalanche is 6 years old and so is PNG. PNG has a max supply of 538M tokens with a halving mechanism every 4 years, modeled after Bitcoin. Every single person in the Avalanche ecosystem knows PNG. The contract is public, verifiable, and has never changed. This is not some anonymous memecoin, this is PNG! PNG Token CA: https://t.co/LHd67idyoE 2. The team is paid in PNG. We don't just pay the team in PNG, we also fund all DEX operational expenses with PNG. This is done through DAO governance.Every single treasury disbursement goes through a DAO governance vote. The community approves every allocation before a single token moves. This is not a bug, it is a feature. Full transparency, fully on-chain, every time. If you think aligning the team with the token is a red flag, you do not understand how a decentralized protocol is supposed to work. DAO Vote of Treasury Funding Proposal: https://t.co/03xxQUb5Pb 3. Lie: No DEX revenue, only $1500 a month. Pangolin has generated $19B in cumulative volume since launch, making it the 3rd highest volume protocol on Avalanche of all time. We are currently transitioning to a Ve(3,3) model. We intentionally wound down old pools and incentives as part of this transition. Liquidity followed, as expected. This is not a protocol dying, this is a protocol rebuilding. Pangolin Ve(3,3) is coming. Next time, check the official Pangolin Twitter before publishing an analysis. See the pinned tweet for details: https://t.co/RNP3Tttao8 Hiding behind an anonymous account and posting empty analyses is one thing. Running Avalanche's original native DEX is another 🔺

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