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It is estimated that the crypto money market in Turkey is approaching 1 billion dollars. Transactions with cryptocurrencies have increased 11 times in the past year. Pangolin, the first and most important decentralized exchange in the network of blockchain Avalanche (AVAX) in the rapidly growing market, has been listed by ICRYPEX. Cryptocurrency exchange ICRYPEX will offer Turkish support for all transactions in Pangolin, where users have a say in the management.

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ISTANBUL (TR) - The rise in the crypto money market in the world has changed investor preferences in Turkey as well. The cryptocurrency market, which is among the newest tools of blockchain technology, has become increasingly popular with the decentralization, transparency and reliability it offers. According to researches, the number of people making transactions with crypto money in Turkey has increased 11 times in the last year. The rate of those who trade cryptocurrencies for investment purposes exceeds 50%. ICRYPEX CEO Gökalp İçer stated that the crypto money market, which is estimated to approach 1 billion dollars in Turkey, is growing gradually in parallel with the change in investor preferences, and said, “Avalanche token AVAX, the world's 10th largest crypto currency with a market value of 31.5 billion dollars, followed with interest by investors. Pangolin, one of the most important projects of the popular blockchain network, brought dynamism to the DeFi ecosystem as a type of decentralized exchange. As ICRYPEX, we are the only Turkish cryptocurrency platform with C-Chain support. With C-Chain support, users can access all decentralized finance applications on the Avalanche network via ICRYPEX. We will also provide Turkish user support for the transactions desired to be made in Pangolin.”

The biggest Token burning in history takes place

Pangolin burns 57% of its total supply, carrying out the largest DeFi Token burning in history. The supply of PNG, Pangolin's native token, has been burned to 230 million of 538 million PNG Tokens. Pangolin investors are also waiting for a big price movement with this burn that took place with Pangolin's V2 update.

Commenting on the subject and Pangolin coin listing, ICRYPEX CEO Gökalp İçer said, “Users trading on Pangolin, which is listed for the first time in Turkey and the second time in the world, will be able to benefit from the different functions of the platform. We have completed the integration of Pangolin to ICRYPEX for all functions. Thus, users will be able to take the first steps of advanced decentralized finance transactions through the Turkish platform, with Turkish user support. As ICRYPEX, we will also guide users for transactions that require expertise. We have completed all the necessary Avalanche integrations so that Turkish users can also benefit and access the great interest that has arisen with the burning of Pangolin.”

Users will decide the fate of Pangolin

Stating that users have a say in the management of the platform by using PNG, Pangolin's management token, ICRYPEX CEO Gökalp İçer said, "PNG functions as a tool in the realization of the management decisions taken on Pangolin. Users can have a say in decisions that will determine the fate of the Pangolin platform with the PNGs they own. Users will be able to send AVAX and PNGs through their ICRYPEX wallets, and purchase these cryptocurrencies directly on ICRYPEX if they wish. They will be able to add PNGs to their C-Chain compatible crypto currency wallets by using the C-Chain as they wish, and they will be able to transact with PNG Coins. The biggest example of the fact that the fate of Pangolin can be determined by users is the acceptance of the total PNG supply, which will be burned at a rate of 57%, with 1 million votes.”

Doubled its value

Pointing out that Avalanche token AVAX doubled its market value by 35% last month, ICRYPEX CEO Gökalp İçer said: By taking advantage of Avalanche's low network fees, Turkish users will be able to quickly take decentralized finance actions that require expertise such as DeFi Exchanges, Liquidity Pool Participation, PNG Staking, Yield Farming, as well as PNG investment.