Entangle Announces Burn and Lock NGL Token

Bittime - Entangle announced a reduction in $NGL token issuance and a burn of 25% of tokens allocated to the team. This is part of Entangle's strategy to strengthen the tokenomics of the $NGL token.

Burn dan Lock Token NGL

This announcement comes after Entangle received a variety of feedback from the community. By burning 25% of a team's token allocation, Entangle permanently reduces the circulating supply by 3%. 

In addition, Entangle also locks 2.5% of the supply intended for liquidity for 1 year. This action not only affirms Entangle's commitment to transparency, but also shows dedication to creating a healthy and sustainable token ecosystem.

Combustion 25% Token NGL 

Token burning is the process of a number of tokens being permanently removed from the circulating supply, thereby reducing the total number of tokens available on the market. 

By burning 25% of a team's token allocation, Entangle significantly reduces the available supply of $NGL tokens, potentially increasing the value of the token by lowering inflation.  

Locking 2.5% Liquidity Supply

In addition to burning tokens, Entangle also announced a token lock of 2.5% of the supply intended for liquidity for 1 year. This lock aims to ensure market stability and reduce the price volatility of the $NGL token. 

By reducing the number of tokens available for trading, Entangle hopes to create a more stable and attractive environment for long-term investors.

New Tokenomics of $NGL Token

Sumber: Twitter.com/Entanglefi 

With these steps, the $NGL token economic model now exhibits the long-term characteristics needed to support Entangle's infrastructure. The team's emission reduction and token burn not only addresses feedback from the community, but also strengthens $NGL's position as a reliable and sustainable token in the market.

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.