Entangle to Update Tokenomics
Entangle has reached a significant milestone in its tokenomics. The future supply overhang from investment rounds, including Key Opinion Leaders (KOLs), has been completely eliminated. This is crucial in maintaining confidence in the NGL token and its role in democratizing access and revenue in future networks.
Of the total supply, 16.8% has been allocated across funding rounds, equating to 168 million tokens. These will be unlocked as follows: 10.5% will be fully unlocked for investors on October 1. 6.3% will be directed to the treasury, with the community deciding on the next steps. All public round and initial airdrop (4.25%) have been fully vested. Infrastructure rounds (2%) will remain locked for another 12 months with an additional vesting of 12 months daily linear. KOL allocations have also been fully unlocked, leaving no further overhang. This means there will be no major unlocks in the future, and Entangle will work with only long-term dedicated partners to further key goals.
@
We’re excited to announce a significant milestone for Entangle: all future supply overhang from investment rounds including KOLs has officially been removed.
At Entangle, we understand the critical importance of maintaining confidence in the $NGL token and its critical role in democratising access and revenue in the networks of tomorrow.
Every decision we make is geared toward ensuring the long-term value of our ecosystem, while balancing the best interests of the community.
Here’s the breakdown of the tokenomics:
16.8% from the supply allocated across funding rounds, amounting to 168 million tokens is part of the unlock programme and will be actioned as follows:
1. 10.5% (105 million tokens) will be unlocked fully for investors on October 1.
2. 6.3% (60.75 million tokens) will be directed to the treasury.
We will decide in conjunction with community members on the next set of actions on this portion. This will be transparently communicated.
3. All Public round including webverse and initial airdrop (4.25%) have now been fully vested.
4. Infrastructure rounds (2%) remain locked for another 12 months with additional vesting of 12 months daily linear.
KOL allocations have also been fully unlocked, leaving no further overhang. This means we now have no major unlocks in the future and will work with only long term dedicated partners to further key goals.
Additional Supply Reductions
- As a reminder, previously 30% of the team’s supply was already burned.
- In addition to the 30% team token burn, we’ve also adjusted the team vesting schedule. The original 6-month cliff with a 24-month vesting period has been extended to a 12-month cliff with a 30-month vesting period.
- In addition to this x% of liquidity was locked for 1 year
Emissions Reduction
$NGL is the primary asset powering our omnichain infrastructure. As we continue to build the foundation for the future of the internet, it's critical that investor confidence remains strong. We recognize the potential risk of diluting value through continuous emissions, which is why these steps to reduce future supply overhang are vital.
We thank our investors and KOL partners for their accommodation in their decision and also those who want to remain with us for the very long term.
With supply constraints firmly in place, we can focus on enabling our long-term vision for scalable, interoperable infrastructure—without the looming pressure of unlocks.