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Entangle(NGL) Update Tokenomics
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:
- 10.5% (105 million tokens) will be unlocked fully for investors on October 1.
- 6.3% (60.75 million tokens) will be directed to the treasury.
- All Public round including webverse and initial airdrop (4.25%) have now been fully vested.
- 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.
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Upgrade your StorX nodes!
Inactive nodes can upgrade between Oct 15 - Oct 31, 2024
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