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Pangolin airdrop: How to claim PSB airdrop as PNG token price pumps (again)

By Daniela Ešnerová

12:14, 6 October 2022

Market moves
Avalanche network launches new token called Pangolin Songbird. – Photo: Shutterstock

Pangolin, a community-driven decentralized exchange (DEX) on Avalanche (AVAX) and Songbird networks, has launched a new token Pangolin Songbird (PSB), as its original native token PNG shot up a whopping 41% over the last 24 hours. 

PSB is a Songbird-native contracts and a Songbird-native governance token. Who is eligible to claim the PSB token? 

AVAX to US Dollar

The airdrop will be limited to holders and stakers of Pangolin's existing token, PNG.

Specifically, PSB is being given out to those who held and/or staked PNG from February 2021 until July 2022. The amount of PSB received will be measured based on time of holding and/or staking.

BTC/USD

63,851.65 Price
-1.480% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

ETH/USD

3,414.15 Price
-0.540% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

US100

19,697.10 Price
-0.880% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 21:00 (UTC)
Spread 1.8

Gold

2,458.28 Price
+0.110% 1D Chg, %
Long position overnight fee -0.0196%
Short position overnight fee 0.0114%
Overnight fee time 21:00 (UTC)
Spread 0.30

The launch has proven to have a positive impact on the DEX's original native token, PNG. 

PNG added over 40% in just a day and was trading at $0.1111 on 13:30, according to the CoinMarketCap.com

First PBS were minted last month, but the airdrop was hit with issues and delays at first. “Shortly after the launch of the Songbird-native DEX and token, we learned that there was an issue with minting the full supply of the token. Immediately the team went into action and have been working around the clock to address the issue. We’re taking action now to create an equitable solution and keep users’ funds safe,” Pangolin's DAO said in a statement at the time.

Markets in this article

AVAX/USD
Avalanche / USD
27.4176 USD
-0.7997 -2.880%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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