Entangle Protocol overview
Hi today we will analyze such a project as Entangle Protocol, I think you will be interested because the project few people know, but it looks very good. Let’s go!
Beginning
Entangle — is a project whose main goal is to help users exchange their funds between different blockchains and aims to encourage trading on decentralized markets
It allows liquidity to be pooled between different ecosystems, as if pledging tokens in one network while receiving artificially created counterparts of their funds in other networks (liquid staking derivatives).
This helps enable interconnectivity between blockchains and empowers DeFi, a decentralized financial sector
Entangle solves three of DeFi’s problems:
- Dispersed and illiquid capital
- Functionality and ease of interconnectivity
- Users don’t need to overcome countless complexities
Investors
Seed round investors:
- Big Brain Holdings
- Republic Capital
- LaunchCode Capital
Hopefully there will be a Binance xD
Team
The CEO is Faizal Merban(ex-JP Morgan, Deutsche Bank and Credit Suisse, former top manager at Barclays Bank.)
Get Turpll’s stories in your inbox
Join Medium for free to get updates from this writer.
and others, but I find this man the most interesting
Token
- Payments for gas in Entangle Blockchain
- Payments to transaction validators for Entangle Blockchain security
- Fees for using Entangle Oracle solutions and the supporting nodes that provide it
- Generating revenue from the protocol through staking
- Governance token, DAO governance
The end
Also wanted to note that in Tokenomics prescribed 3% of the total supply on airdrop so we have the opportunity to participate in the project and earn on it!
Project Links
Website — https://www.entangle.fi/ru
Twitter — https://twitter.com/Entanglefi
Discord — https://discord.gg/entanglefi
