Cryptocurrency Q&A
Who buys pangolin?
Who buys pangolin?
Carolina
Sun Sep 22 2024
|
6 answers
1239
Could you please elaborate on the question "Who buys pangolin?" Are you referring to the actual animal, the pangolin, or is this a reference to a cryptocurrency or financial product with a similar name?
If it's the former, pangolins are highly sought after for their scales, which are often used in traditional medicine despite being illegal in many countries due to their endangered status. Poachers and illegal traders are the primary buyers of pangolins, but there is also a small demand from consumers who believe in the medicinal properties of their scales.
However, if you're referring to a cryptocurrency or financial product named Pangolin, the buyers would likely be investors looking to diversify their portfolios or speculate on the potential growth of the asset. Pangolin could be a decentralized exchange, a stablecoin, or any other type of cryptocurrency product, and its buyers would depend on the specific use case and market demand.
6 answers
Giulia
Tue Sep 24 2024
In Africa, pangolins face a different fate. They are often sold as a type of bushmeat, a source of protein for some communities.
Was this helpful?
304
89
Federico
Tue Sep 24 2024
However, their use extends beyond mere sustenance as they are also traded for ritualistic or spiritual purposes. This practice further exacerbates the already dire situation for pangolins in the continent.
Was this helpful?
328
27
CryptoDynasty
Tue Sep 24 2024
The illegal trade of animals, particularly for their scales, has become a grave concern. These scales are highly valued in traditional Chinese medicine (TCM) where they are believed to possess healing properties for a multitude of health issues.
Was this helpful?
281
48
Chiara
Tue Sep 24 2024
Moreover, pangolin scales and other body parts are also utilized in traditional African medicine, where they are believed to hold healing powers similar to those attributed to them in TCM.
Was this helpful?
78
87
Lucia
Tue Sep 24 2024
Additionally, the scales are considered a luxurious delicacy in Vietnam and China, further driving the demand and subsequently, the trafficking of these animals.
Was this helpful?
175
73
Load 5 more related questions
