Pangolin

Pangolin is a distributed exchange (DEX) running on Avalanche, using the same automated market making (AMM) model as Uniswap, with a local governance token called PNG, fully distributed by the community, capable of trading all tokens issued on Ethereum and Avalanche. In a crowded market with multiple competitors, Pangolin offers three vital benefits: fast and cheap trade, community-driven development, and fair and open token distribution. 
 For one thing, Pangolin can close deals quickly and cheaply. Since Pangolin is built at Avalanche, it allows users to exchange assets while enjoying subsecond transaction finality and transaction fees as low as a few cents. In general, Pangolin trades as fast as it trades centrally. Second, in addition to being a significant performance upgrade over the current state of the technology, Pangolin is community driven. Native governance token PNG enables the community to drive product development across the board. Third, but not least, Pangolin is characterized by a 100% community-centric token distribution model, meaning that all tokens are distributed directly to the community without allocating any funds to the team, advisers, investors, or insiders. 
NG has a supply cap of 538 million tokens. The first 95% of the tokens, or 512 million tokens, are earmarked for community coffers and will initially be used to fund liquidity mining. The remaining 5 percent, or 26 million tokens, are dedicated to community airdrops.

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By applying to become an order recipient and binding the trading API, you agree to the following disclaimer:

1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

I have read, understood, and agreed to all the terms of the above disclaimer.

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