Entangle Announces Regular Destruction of $NGL Tokens to Maintain Economic Stability

According to Odaily, the cross-chain DeFi protocol, Entangle, has announced that it will regularly destroy $NGL tokens to maintain economic stability. Entangle, which is based on Cosmos Tendermint STK, uses a Proof of Stake (PoS) mechanism. Due to an inflation rate of about 0.24%, it is necessary to regularly destroy excess tokens to keep the total supply within one billion. The first $NGL token destruction has been successfully completed. Users can view the details of the destruction transaction through the Entangle blockchain browser.