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DOGE $0.0898 +0.65%
ADA $0.2183 -0.54%
BCH $258.52 +1.21%
LINK $12.63 -2.99%
HYPE $84.04 -2.68%
AAVE $130.99 -1.98%
SUI $0.8261 +3.95%
XLM $0.1894 +1.23%
ZEC $1,129.00 -4.97%

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

2024-07-17 09:51:10

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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