NGL Tokenomics
$NGL, Entangle’s native token, is central to its ecosystem, ensuring secure and transparent data provision. With the network supporting over 15 blockchains (both EVM and non-EVM), Entangle is pioneering the omnichain evolution, simplifying on-chain activities while enhancing liquidity and interoperability.
The main utilities of the token are:
Gas fee payments within the Entangle blockchain.
Staking as a Validator or Delegator for the Entangle Blockchain.
Staking as an External Developer to use Entangle.
The token operates on both the native Entangle Blockchain and as an ERC20 token, offering versatility and accessibility to users. With a maximum supply capped at 1 billion tokens, the initial circulation excluding liquidity provisions is set at 18,550,000 tokens.
$NGL Supply
$NGL Token Allocation
The NGL token will be distributed across four broad categories: Investment Round, Ecosystem & Infrastructure, Community, and Team.
Investment Rounds
#1 Seed and Private Rounds
Throughout three funding rounds in 2023 and early 2024, Entangle successfully secured over $5 million in investments from venture capital funds, partners, and individual investors.
Round Name | Token % | Number of Tokens | TGE% | Cliff | Vesting |
Seed Round | 12% | 120,000,000 | 5% | 4 months | 15 months |
Private Round 1 | 9% | 90,000,000 | 5% | 3 months | 12 months |
Private Round 2 | 1.5% | 15,000,000 | 6% | 3 months | 10 months |
#2 Strategic Partners
The Strategic Partners portion of allocations is set aside for Research Groups, Collaborative Projects, Industry Influencers, and Infrastructure Allies who have backed us during the advanced phases of our development. We're lucky to have drawn the interest of esteemed experts who contribute significantly in various domains such as collaborations, studies, content evaluation, strategic advising, and beyond.
Round Name | Token % | Number of Tokens | TGE% | Cliff | Vesting |
Strategic Partners 1 | 2% | 20,000,000 | 10% | 1 month | 8 months |
Strategic Partners 2 | 1.45% | 14,500,000 | 5% | 4 months | 15 months |
#3 Public Round Investors
The 3.25% share of Entangle tokens set aside for public round investors opens the door for wider community engagement and involvement. This allocation is earmarked for those who support the project during its public sale, enabling them to be among the initial group of stakeholders in the Entangle ecosystem.
Holders of the Webverse NFT collection were given special access to this public round. Moreover, those staking these NFTs receive additional perks within the Entangle ecosystem, including the chance to be eligible for upcoming airdrops of tokens related to the ecosystem.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
3.25% | 32,500,000 | 15% | 1 month | 6 months |
Ecosystem & Infrastructure
#1 Infra Reserve
Entangle has set aside 10% of its tokens to support staking programs, allowing trusted partners to use these tokens temporarily to manage key network functions like validating transactions and supporting data services. This investment in the network's infrastructure is aimed at making Entangle more reliable and ready for growth.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
10% | 100,000,000 | 0% | 18 months | 18 months |
#2 Staking Rewards
$NGL staking rewards aim to pay important network contributors, like validators and agents, early on. Token holders can also lend their tokens to these contributors to earn rewards. As Entangle grows and makes money from apps, it will lower these rewards to control inflation. This money will be used to buy back $NGL tokens and give them to key network participants.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
21% | 210,000,000 | 0% | 0 months | 45 months |
#3 Liquidity
Entangle is dedicating 10% of its tokens to boost market activity, build its treasury, and guarantee that the $NGL token can be used on decentralized and centralized exchanges, as well as DeFi platforms, across its 15 supported blockchains.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
10% | 100,000,000 | 100% | 0 months | 0 months |
#4 Marketing
Attracting users involves showcasing the product's key features to a broad audience, making a strong marketing effort and DeFi ecosystem relationships crucial. To support these marketing efforts, Entangle has set aside 5% of its total token supply.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
5% | 50,000,000 | 0% | 0 months | 12 months |
#5 Partnerships & Grants
Entangle has set aside some tokens, locked for a year, to support hiring developers, forming partnerships, and other key activities to help the platform grow.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
4.8% | 48,000,000 | 0% | 0 months | 12 months |
Community
#1 Airdrop
The $NGL airdrop will be used to reward valuable community contributions post mainnet over a period of time. Read this for more info on the NGL airdrop.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
3% | 30,000,000 | 0% | 3 months | 6 months |
Team Allocation
#1 Team
Entangle has allocated 12% of its tokens to the team, rewarding their hard work in areas like security, engineering, and operations. These tokens won't be available at the launch but will start being released after 6 months, spreading out evenly over 24 months to reflect the team's long-term dedication.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
12% | 120,000,000 | 0% | 6 months | 24 months |
#2 Advisors
Thanks to backing from leading figures in the blockchain sector, Entangle has gained valuable advisory insights, making omnichain more user-friendly and developing seamless data connections and applications to boost liquidity, among other achievements. These advisors have offered strategic advice, facilitated fundraising, and helped with business growth and forming crucial partnerships in the Web3 industry.
Token % | Number of Tokens | TGE% | Cliff | Vesting |
3% | 30,000,000 | 2.5% | 6 months | 24 months |
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