A New Tokenomics Era: Goodbye Unlocks

Every person must pause and reflect on their surroundings to understand what must evolve. 

At Entangle, we believe that nothing is permanent, and every decision should be constantly reassessed to improve our community, ecosystem, and token value.

After careful consideration and multiple adjustments to live tokenomics, we believe that this is the best way forward for the longevity of Entangle and $NGL. While this decision may invite debate and potentially impact the short-term price, we are confident that these adjustments are critical to building the architecture and products that will revolutionize how value is distributed across every network.

Most investors have accepted our proposals over this last week, but we want to address our community very transparently so it’s clear where we go from here. Many of them have committed to serious long term support after seeing the efforts of the team

We have made specific changes to the Seed, Private, and KOL rounds and offer a transparent way forward. This strategy is fully supported by our community of investors, content creators, advisors, and more.

Private Investors

Private investors will have the option of a 100% unlock of their remaining tokens, with a 37.5% discount on whatever remains from their allocations as of October 1st. This means 62.5% of the remaining tokens will be fully unlocked on that date.

Our reasoning for unlocking the tokens is to avoid slow inflows over a prolonged period, which could create hesitation for new investors who may feel uncertain due to the emission overhang. Instead, we believe that offering a full unlock now will build trust, eliminate uncertainty, and bring in fresh confidence from new entrants.

KOLs

Similarly, we are offering a full 100% unlock for the remaining tokens of KOLs, with a 47.5% discount on whatever remains from their allocation on October 1st. This means 52.5% of the remaining tokens will be fully unlocked.

For KOLs, this approach creates a win-win situation. We have ended arrangements with some former content creator partners, while others continue to show unwavering support. To ensure transparency and fairness to all new investors, we’ve decided to unlock all tokens with a significant discount. The ongoing support of many KOLs who believe in our mission is deeply appreciated.

Team Tokens

Although we've made changes to the allocations for investors and KOLs, the team allocations remain unchanged, and there are no plans to alter them. We previously proposed and successfully completed a 30% burn of team tokens.

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. This change underscores our commitment to long-term product development and transparency.

Public Round

We’ve adjusted the public round to take a 30% reduction in their total allocations while being fully unlocked. We believe this is a fair adjustment, given that they had the longest vesting period among the unlocked groups.

Long-Term Focus

These steps are designed to build a community of holders who share our long-term vision as we move towards a new phase of upgraded architecture, enhanced scalability, and stronger partnerships. By eliminating token emissions that could drag the project’s momentum, we focus on building a long-term foundation. This also helps prevent any negativity surrounding the project from individuals who may not fully understand the landscape of long-term investment.

Unfortunately, some retail investors misunderstand the long-term potential of the space, and these changes ensure that we prioritize those aligned with Entangle's vision.

Treasury Boost

The 37.5% and 47.5% of tokens deducted will be placed into a transparent smart contract, dedicated to marketing, grants, and project expenses. These resources will strengthen our treasury as we build the Internet of tomorrow.

Community Involvement

Now, we want to ask our community: What should we do with the tokens retrieved from investors and KOLs? We value your feedback and want to collaborate on a balanced solution that supports the growth of Entangle.

As we come to a close, we want to remind you that no interoperability solution has faced the live “war zone” of scalability challenges like Entangle has with Borpa. Through this, we’ve seen firsthand the significant scalability issues Web3 is facing. In response, we are excited to share our future plans in the coming weeks and reveal how our architecture is set to pioneer scalable, programmable interoperability across all networks.

Thank you for your ongoing support and we look forward to everything to come.