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XLM $0.1752 -5.52%
ZEC $1,213.75 -10.36%
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AMZN $251.11 -4.56%
GOOGL $325.04 -3.10%
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NVDA $213.09 -4.13%
TSLA $373.96 -1.45%
SNDK $1,240.14 -9.98%
INTC $85.09 -8.16%
SPCX $146.03 -7.83%
MU $851.65 -6.62%
AMD $509.06 -7.87%

Entangle announces NGL token economics, with 3% of tokens allocated for airdrops

2024-03-08 13:10:02

ChainCatcher news, the cross-chain DeFi protocol Entangle has released the NGL tokenomics. The maximum supply of NGL tokens is 1 billion (to be achieved when the final Infra Reserve tokens are unlocked after 36 months), with an initial circulation of 21,565,000 tokens. Of these, 15% of the tokens will be allocated to the foundation; 12.8% will be allocated to the ecosystem; 41% will be allocated to the community and liquidity; 3.25% will be used for public sale; 27.95% will be allocated to strategic investors; and 3% of the tokens will be used for airdrops to reward users who contribute to the community for a period after the mainnet launch.

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