Entangle announces token economics, 3% of tokens will be used for airdrops

BE for TOKEN will 2024-03-08 43
On March 8th, the cross-chain DeFi protocol Entangle made a significant announcement regarding the release of the NGL token economics. The unveiling of this economic model outlines a clear framework for the distribution and circulation of the NGL tokens, which is a pivotal component of the protocol's ecosystem.

The NGL token has a maximum supply of 1 billion, which will be achieved after the Infra Reserve token is unlocked following a 36-month period. The initial circulation will start with 21,565,000 tokens. The allocation of these tokens is meticulously planned, with 15% being earmarked for the foundation, 12.8% for the ecosystem, 41% for the community and liquidity, 3.25% for the public sale, and 27.95% for strategic investors.

This strategic allocation of NGL tokens demonstrates Entangle's commitment to creating a balanced and sustainable token economy that fosters community participation and ecosystem development. It also highlights the protocol's dedication to transparency and fairness in its token distribution. This announcement has sparked significant interest and anticipation within the DeFi community, as it sets the stage for the future growth and development of Entangle's decentralized financial ecosystem.

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