Moby Spotlight: Pingu Exchange.docx
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Moby Spotlight: Pingu Exchange
Publish: (UTC) 04:07 PM - 23 Mar 2024
●Author: Moby Team
Moby is thrilled to announce the second Elite ICO sale and Alpha Chest, featuring Pingu - the community-led SocialFi Perp DEX and its native token: $PINGU.
Pingu Exchange has proven its strong and unique approach in the Perp DEX category, with strong and growing metrics in just 2 months since inception:
- $1.1B+ Total trading volume since January 2024
- Close to a $1M fee generated and distributed back to poolers and stakers.
Continue reading this blog to learn more about Pingu Exchange and the upcoming launch of $PINGU.
Pingu Overview
Pingu Exchange is a Community-led SocialFi Perp DEX; a user known as “Pengu” stepped forward to build a robust and liquid trading environment from the neglected community of CAP finance.
It is an on-demand oracle product powered by the Pyth Network. Its architecture allows it to offer zero spread and zero price impact trading across crypto assets, forex, commodities, and indexes in a fully decentralized manner and at low fees.
Existing perpetual DEXs often opt to compromise on decentralization to eliminate network fees for their users. Pingu believes that developing on a fully decentralized platform is a strategy that will win in the long term. The recent Dencun upgrade, which significantly lowers network fees on Layer 2 solutions to almost zero, represents progress toward this vision.
Pingu's goal is to evolve into an omni-chain perpetual DEX incorporating significant SocialFi and GameFi elements while staying true to the ethos of crypto and decentralization.
Key Features
- 0 price impact, 0 spread trading
- Low fees, starting from 0.02%
- Easy to understand UI supporting Limit/Stop orders, TP/SL, Reduce Only orders, Protected orders, OCO orders, and expiry time orders
- Supporting 50+ pairs ranging from crypto assets, forex, indexes, and commodities.
- Decentralized Trollbox ( Live chat box in trading view )
- Real yield for liquidity providers in ETH or USDC pool options, receiving 45% of transaction fees and PnL of traders.
- $PINGU stakers will share 35% of the transaction fee directly in ETH or USDC
Pingu Uniqueness
Decentralization as the Foundation of Innovation
Pingu Exchange is redefining the landscape of perpetual DEXs by prioritizing a fully decentralized framework. Pingu's journey began with a vision to merge traditional trading efficiencies with the ethos of open blockchain technologies, resulting in a platform that embodies true decentralization.
Ease of Use: Simplifying the Complex
Understanding the complexity of traditional Perp DEX platforms, Pingu prioritizes an intuitive UI/UX, making decentralized trading accessible to all. The platform is designed to accommodate both novice and experienced traders, with a wide range of easy-to-use tools and features that simplify the trading process. This user-centric approach ensures that anyone, regardless of their experience level, can use our platform with confidence.
Superior trading experience for traders
Pingu offers competitive fees, starting from 0.02%. The platform supports 50+ trading pairs, thanks to their integration with Pyth Network. Additionally, it supports various trading order types, including Limit/Stop orders, TP/SL, Reduce Only orders, Protected orders, OCO orders, and Expiry time orders.
SocialFi: Cultivating a Thriving Community
Starting as a Community fork of Cap V4, Pingu Exchange is the home of a strong and sticky trading community on Arbitrum. At the heart of Pingu's innovation is the integration of SocialFi elements, designed to foster a vibrant and engaged community. Pingu's approach leverages the unique aspects of social networking to enhance the trading experience, creating a space where users can connect, share insights, and grow together. The decentralized trollbox and upcoming social trading features exemplify our commitment to community building, turning Pingu into a platform where every interaction contributes to a collective pool of knowledge and success.
Pingu Revenue Model
- Pingu’s revenue is based on open/close position fees and liquidation fee
- 45% of protocol revenues go directly to poolers.
- 35% of protocol revenues go to PINGU stakers.
- 10% of protocol revenues go to the treasury
- 10% of protocol revenues go to keepers.
Pingu Relevant Links:
Docs: https://docs.pingu.exchange/pingu-exchange-docs
Pingu Blog: https://medium.com/@PinguExchange
Website: https://pingu.exchange/
Useful Deep dives:
Introducing the Pingu Exchange
https://medium.com/@PinguExchange/introducing-the-pingu-exchange-0c16570782c1
What’s next?
Moby is excited to partner up with Pingu Exchange to launch our second Elite ICO and Alpha Chest, starting March 26, 2024. More information related to $PINGU tokenomics and the ICO mechanism will be announced soon on our social channels.
$MOBY stakers who have been staking before March 22, 2 PM UTC will be prioritized in the ICO with favorable allocations and terms.
Make ICOs Great Again.
Website: https://launchmoby.com/
Discord: https://discord.gg/mobyhq
Telegram: https://t.me/MobyHQ