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DOGE $0.0689 -0.83%
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LINK $8.31 -2.09%
HYPE $57.56 -0.61%
AAVE $93.37 -2.85%
SUI $0.7093 -5.08%
XLM $0.1777 -2.95%
ZEC $494.68 -2.01%

Entangle announces a reduction in the circulating supply of NGL and the destruction of 25% of team tokens

2024-07-17 09:51:10
Collection

ChainCatcher news, Entangle announced a significant reduction in the issuance of $NGL tokens and burned 25% of the team tokens to demonstrate long-term transparency.

By burning 25% of the team tokens, the circulating supply is permanently reduced by 3%, and 2.5% of the liquidity supply is locked for one year. The $NGL token economic model now demonstrates the long-term sustainability needed to support the infrastructure.

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