Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-04-04, 09:00:00 (UTC+0).
• Asset: NGL
• NGL Deposit Time: 2024-04-04, 09:00:00 (UTC+0)
• NGL Withdrawal Time: 2024-04-04, 09:00:00 (UTC+0)
What Is Entangle (NGL)?
Entangle (NGL) is the native token of the Entangle infrastructure, a blockchain project aiming to facilitate real yield opportunities. NGL acts as the key component that fuels the ecosystem and unlocks various functionalities within the Entangle network.
One of the core features of NGL is its role in powering transactions on the Entangle blockchain. Similar to gas fees on other blockchains, NGL is used to pay for the computational resources required to process and validate transactions on the network. This ensures the smooth operation of the Entangle ecosystem and incentivizes network participants to contribute computing power.
Furthermore, NGL plays a crucial role in securing the network. Developers looking to integrate with the Entangle suite of products can leverage NGL as a bonding mechanism. By locking up a certain amount of NGL tokens, developers demonstrate their commitment to the network and disincentivize malicious behavior. This bonding process helps to maintain the integrity and security of the Entangle ecosystem.
Beyond these functionalities, NGL serves as a utility token that unlocks access to various benefits within the Entangle network. NGL token holders can participate in governance processes, influencing the future development of the Entangle infrastructure. The weight of a user's vote is often tied to the amount of NGL they hold, allowing the community to have a say in shaping the project's direction.
Additionally, NGL opens doors to potential yield generation opportunities. The specific mechanisms for earning yield through NGL ownership may vary depending on the evolving Entangle ecosystem. However, possibilities could include staking NGL tokens to support network validation and receive rewards, or participating in decentralized applications (dApps) built on Entangle that offer NGL-based incentives.
How to Buy Crypto?
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Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2024-04-04
BingX Official Channels
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and strictly abides by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
