According to Odaily Planet Daily, the cross-chain DeFi protocol Entangle announced that it will regularly destroy $NGL tokens to maintain the stability of the token economy. Entangle is based on Cosmos Tendermint STK and uses the Proof of Stake (PoS) mechanism. Due to the 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 burn has been successfully completed, and users can view the burn transaction details through the Entangle blockchain browser.
