Entangle is the one-stop shop for any network, protocol, or asset seeking the core primitives and tools necessary to connect to the rest of the blockchain ecosystem, including nearly all Web2 or Web3 data sources.

Since launching 18 months ago, Entangle has already established key partnerships with industry leaders, including Arbitrum, Mantle, Linea, Polygon, Stargate, Velodrome, SushiSwap, and over 55 others. These collaborations alongside multi-capable tech, have significantly expanded Entangle’s capabilities and influence in  not only blockchain but to a diverse range of use cases including AI, GameFi and more.

Entangle has concentrated its efforts across many critical blockchain domains, including Layer 1 and Layer 2 networks, DeFi protocols, Real-World Assets (RWAs), GameFi, and other substantial areas such as DEPiN and AI.

The testnet phase of Entangle has been marked by significant achievements, including the execution of 1.35M transactions, the integration of 65+ projects, and the active participation of more than 190,000 users.As the testnet phase comes to an end and Entangle looks to the launch of its mainnet and $NGL token, designed to secure and power the In this article we will explore the tokenomics of Entangle’s native token, $NGL.

Here you can find out more about the Token Release Schedule, the allocations that are being distributed to strategic stakeholders, partners and the community, as well as the allocations for infrastructure and development. The Token Generation Event, utility for $NGL and its distribution have all been designed to stay true to Entangle’s core principle of security for investors, the protocol and the wider on-chain community.

Token Distribution and Release Schedule

• Ticker: NGL
• Maximum Supply: 1,000,000,000
• Initial circulating supply ex. Liquidity: 18,550,000
• Token Format: Native Entangle Blockchain Coin and ERC20

The Entangle token will launch under the ticker $NGL with an initial circulating supply of 21,565,000 which gives an Initial Market Cap of $834,750.00. The maximum supply of NGL is 1,000,000,000 tokens, a supply that will be realised when the final Infra Reserve tokens unlock after 36 months. In the table below you’ll find a detailed breakdown of the token distribution.

Total Supply

Token Allocation

Vesting Schedule 

$NGL Token Distribution

The NGL token will be distributed with daily linear vesting across four broad categories: Ecosystem & Infrastructure, Community, Team and Investment Round. 

Investment Rounds

Seed Round 

12% - 120,000,000

TGE: 5%
Cliff: 4 Months
Vesting: 15 Months

Private Round 1

9% - 90,000,000

TGE: 5.50%
Cliff: 3 Months
Vesting: 12 Months

Private Round 2

1.50% - 15,000,000

TGE: 6%
Cliff: 3 Months
Vesting: 10 Months

Over the course of 3 rounds in 2023 and early 2024, Entangle raised more than $5 million  from a combination of VC funds, private investors and Strategic Partners. 

This early stage funding enabled Entangle to focus on developing the products that are revolutionising the concept of amplifying key areas of the Web3 ecosystem with Omnichain functionality. 

Strategic Partners 1

1.45% - 14,500,000

TGE: 10%
Cliff: 1 Months
Vesting: 8 Months

Strategic Partners 2

2% - 20,000,000

TGE: 5%
Cliff: 4 Months
Vesting: 15 Months

The Strategic Partners allocation is reserved for Research Entities, Project Partners, Key Opinion Leaders and Infrastructure Partners who have supported us in the later stages of development. At Entangle we are fortunate enough to have attracted the attention of a number of highly respected thought leaders, who are bringing substantial value across a diverse range of areas including partnerships, research and content analysis, strategic consultation and much more.

Their support has enabled us to spread our reach to attract a global community across key regions such as Asia, CIS, Turkey, LATAM, Africa and beyond.  We have set aside 1.45% of our total supply as a sign of our appreciation of the faith these Strategic Partners have demonstrated in us. The token allocations will be released over a period of 8 months, starting from 3 months after the Token Generation Event.

Public Round Investors

3.25% - 32,500,000

TGE: 15%
Cliff: 1 Month
Vesting: 6 Months

​​The 3.25% allocation of Entangle tokens designated for public round investors represents an opportunity for broader participation and community involvement in the project. These tokens are reserved for individuals and entities who contribute to the project during the public sale phase, allowing them to become early stakeholders within the Entangle ecosystem. Exclusive access to the public round was granted to holders of the Webverse NFT collection. Stakers of the NFTs are provided further benefits into the Entangle Ecosystem; inclusive of eligibility for future airdrops of ecosystem tokens.

Entangle aims to foster inclusivity, democratise access to its platform, and cultivate a diverse and engaged community of supporters.

Ecosystem and Infrastructure

Infra Reserve

10% - 100,000,000

TGE: 0%
Cliff: 18 Months
Vesting: 18 Months

Entangle reserved 10% of the supply to fund foundation sponsored staking programmes where renowned infrastructure partners will be delegated tokens from the foundation for a set amount of time to run validator nodes for the Entangle Blockchain or host Receiver Agents to partake in photon messaging, universal data feeds, e-vrf and other functionalities carried out by the Entangle Agent Network.

By dedicating a portion of the token supply to infrastructure development, Entangle ensures the long-term sustainability and robustness of its platform, laying the groundwork for seamless operation and future growth.All tokens that are distributed under the Infrastructure Reserve have a cliff of 18 months and vest daily over 18 months. This further aids in ensuring Entangle’s sustainability as we deliver on our ambitious roadmap.

Staking Rewards

21% - 210,000,000

TGE: 0%
Cliff: 0 Months
Vesting: 45 Months

$NGL staking rewards are set out to ensure that crucial infrastructure providers such as validators and agents are able to be rewarded in the initial crucial phases of bootstrapping ecosystem build.  The economy is also designed to encourage delegation from any token holder to share rewards of their chosen infrastructure partners. Over time, as the Entangle ecosystem grows, revenue from native or external dApps will enable the tapering down of inflationary staking rewards. Revenue accrued will be utilised to buy $NGL from the market and distribute to key stakeholders and respective delegates.  

Liquidity 

10% - 100,000,000

TGE: 100%
Cliff: 0 Months
Vesting: 0 Months

Liquidity is the lifeblood of every blockchain endeavour. Entangle is setting aside 10% of it’s token allocation to encourage active market participation, treasury building and to ensure Omnichain access to the $NGL token for DEXes, CEX’s and DeFi protocols across any of the 15 supported blockchains - and on those blockchains that are integrated moving forwards. Due to the necessity for agile allocation of liquidity at the launch of NGL, the liquidity allocation is fully available at launch to ensure it can be deployed as needed.

Marketing

5% - 50,000,000

TGE: 0%
Cliff: 0 Months
Vesting: 12 Months

An essential aspect of user acquisition is conveying the best parts of the product to the widest possible audience. For this, it is essential to have a strong marketing presence, while also building relationships in the DeFi ecosystem, which serves to bring more value to the Entangle community, and provide more value to others. Entangle has reserved 5% of its total supply to support ongoing marketing activities. 

Partnerships & Grants

4.8% - 48,000,000

TGE: 0%
Cliff: 0 Months
Vesting: 12 Months

A set amount of tokens have been reserved for a 1 year vesting period to enable Entangle to sponsor external developers, talent or fund partnerships, strategic R&D or any other activities required to ensure our growth. Entangle at one stage was also the beneficiary of a number of grants from established and respected Foundations supporting the integration in their respective blockchains or applications and recognises the need to sponsor and support the next generation of builders and applications that will contribute to the Web3 ecosystem and beyond. 

Airdrop

3% - 30,000,000

TGE: 0%
Cliff: 3 Months
Vesting: 6 Months

The $NGL airdrop will be used to reward valuable community contributions post mainnet over a period of time. Over the course of the last year we have worked through 4 iterations of the testnet, and are very thankful to the support of our amazing community testers who have together performed more than 1.35million transactions to stress test the Entangle Blockchain and associated primitives.

As well as rewarding our incredible community contributors, this airdrop is also intended to ensure a very broad  distribution  which ensures our community is well diversified, ranging from running agents or validators, utilising the testnet or through dedicated community work and achieving airdrop status!

Team Allocation

Team

12% - 120,000,000

TGE: 0%
Cliff: 6 Months
Vesting: 24 Months

A 12% allocation of Entangle tokens has been reserved for our team. This segment of the token supply recognizes the dedicated efforts of core contributors who have diligently worked on various aspects including security, engineering, product development, infrastructure, growth, and operations of the Entangle platform. 

None of the team tokens will be unlocked at the TGE. Instead, these tokens will unlock at a 6 month cliff, with daily linear vesting over a period of 24 months showcasing the long term commitment of all team members. 

Advisors

3% - 30,000,000

TGE: 2.50%
Cliff: 6 Months
Vesting: 24 Months

With the support of a number of giants in the blockchain industry, Entangle has been able to draw on a wealth of advisory expertise that has helped us to achieve the goals of making Omnichain easy whilst building interoperable data pathways and native applications enhancing liquidity and much more. These advisors have provided strategic guidance, introduction to fundraising, assistance with business development and key partnerships  across a variety of different Web3 businesses.

NGL Launching 13th March 2024

With 15 chains currently supported (EVM and Non-EVM), a secure and accessible data framework available across any blockchain network, state acquisition of all networks, verifiable random functions and the ability to create assets that can live simultaneously on different blockchains, Entangle is positioned at the forefront of the omnichain evolution of the Web3 ecosystem and beyond. 

The launch of NGL token and the Entangle Blockchain is the next step in delivering on our core principles of providing secure, simple and scalable to meet all of your on-chain needs.

To follow along in our journey, follow our socials or join our community and be a part of the process!