Entangle

The $NGL token is central to the functioning and sustainability of the Entangle ecosystem, serving multiple roles across the platform. Primarily, $NGL is utilized for staking, governance, and as the primary medium of exchange within the ecosystem. Its staking function is critical, allowing users to participate in securing the Entangle Blockchain by delegating their tokens to validators. This not only ensures network security but also provides users with staking rewards, creating an incentive for active participation in the network's security.

Moreover, $NGL plays a vital role in governance, granting token holders the ability to propose and vote on key decisions that shape the future of the platform. This decentralized governance model ensures that the development and direction of Entangle are driven by the community, aligning with the broader vision of decentralization in blockchain technology.

In addition to these roles, $NGL is used to pay for various protocol fees within the Entangle ecosystem. These fees include payments for data feeds, Verifiable Random Functions (VRF) services, and cross-chain messaging, all of which are integral to the operation of Entangle's omnichain infrastructure. By facilitating these transactions, $NGL helps maintain the smooth functioning of the platform while also serving as a utility token that drives the internal economy of Entangle.

$NGL's utility is further extended through its role in liquidity provision within the Entangle network. By contributing liquidity, users can earn rewards in $NGL, thereby fostering a robust liquidity environment that is essential for the seamless operation of cross-chain transactions. The token's multifaceted utility makes it a cornerstone of the Entangle ecosystem, ensuring that it not only powers the platform's operations but also aligns the incentives of all participants towards the long-term success of the project.