In Tangle to Conduct Regular NGL Burnings to Enhance Tokenomics Stability

In Tangle to Conduct Regular NGL Burnings to Enhance Tokenomics Stability

DeFi protocol In Tangle(NGL) announced through its official blog that it will conduct regular NGL burnings to enhance tokenomics stability. In Tangle explained, "Currently, the NGL inflation rate is about 0.24%, and we need to burn some quantity to maintain a total supply of 1 billion. We have completed the first NGL burning." This move is expected to reduce the circulating supply of NGL tokens, making them more scarce and potentially increasing their value. The announcement has been met with positive feedback from the community, who believe that it will help to improve the long-term sustainability of the project. In Tangle is a decentralized finance protocol that allows users to lend, borrow, and trade crypto assets. The platform uses a unique dual-chain architecture that combines the security of the Bitcoin blockchain with the speed and efficiency of the Tangle network. The NGL token is the native token of the In Tangle ecosystem. It is used to pay for transaction fees, participate in governance, and earn rewards. The regular burning of NGL tokens is expected to increase its scarcity and value over time. This is a developing story, and more information is expected to be released in the coming weeks. ---