Web3 one-stop platform Entangle announced token economics and announced that it will launch NGL tokens on March 13.
The maximum supply of NGL tokens is 1 billion (will be achieved when the final Infra Reserve token is unlocked in 36 months), and the initial circulation is 21,565,000. Token distribution includes:
- 15% will be allocated to the foundation;
- 12.8% will be allocated to the ecosystem;
- 41% will be allocated to community and liquidity;
- 3.25% will be allocated to the public offering;
- 27.95% will be allocated to strategic investors.
3% of the tokens (30 million) will be used for airdrops to reward community users who contribute within a period of time after the mainnet is released.
Entangle’s efforts are focused on a number of key blockchain areas, including Layer 1 and Layer 2 networks, DeFi protocols, real world assets (RWAs), GameFi, and areas such as DEPiN and AI. Its native token $NGL will be launched on the mainnet, and its distribution and release plan is designed to comply with security principles for investors, the protocol and the broader on-chain community.
It is reported that it provides support for any network, protocol or asset seeking to connect to the core primitives and tools of the blockchain ecosystem, including almost any Web2 or Web3 data source. It has established important partnerships with industry leaders such as Arbitrum, Mantle, Linea, Polygon, Stargate, Velodrome, SushiSwap, etc.
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