Entangle
Crypto Overview
Purpose and Utility
Entangle (NGL) is a cryptocurrency project focused on providing cross-chain liquidity solutions through an innovative automated market maker (AMM) protocol. The platform aims to enable seamless asset transfers between different blockchain networks while maintaining price stability and reducing slippage.
Business Model Analysis
The project operates as a decentralized exchange protocol, facilitating token swaps and liquidity provision across multiple chains. The primary utility of NGL tokens includes governance rights, protocol fee sharing, and staking rewards for liquidity providers.
Real-World Adoption
Current adoption metrics and partnerships are not readily available, suggesting the project may be in early stages of development or has limited market presence.
Development Activity
Development activity appears minimal based on publicly available information. The project's GitHub repositories and technical documentation are not easily accessible.
Token Distribution
Detailed information about token distribution, vesting schedules, and founder allocations is not publicly available, making it difficult to assess the fairness of token economics.
Crypto Impact
To assign a comfort level investing in Entangle from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Entangle.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.