Odaily cross-chain Decentralized Finance protocol Entangle announced that it will regularly burn $NGL Token to maintain Token economic stability. Entangle is based on Cosmos Tendermint STK and uses the attestation (PoS) mechanism, which requires regular burning of more than long Token due to an inflation rate of about 0.24%, so that the total supply remains within one billion. The first $NGL token burning has been successfully completed, and users can view the details of the burn transaction through the Entangle Blockchain browser.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Odaily cross-chain Decentralized Finance protocol Entangle announced that it will regularly burn $NGL Token to maintain Token economic stability. Entangle is based on Cosmos Tendermint STK and uses the attestation (PoS) mechanism, which requires regular burning of more than long Token due to an inflation rate of about 0.24%, so that the total supply remains within one billion. The first $NGL token burning has been successfully completed, and users can view the details of the burn transaction through the Entangle Blockchain browser.