TangleV3

TangleV3

Created using Figma
Created using Figma
Tangle is a token that incentivizes its own attractiveness. Its purpose is to serve as a utility currency for an upcoming defi prediction market platform called Forutsi. It strives to be the pinnacle of utility tokens. Tangle combines, improves, and innovates new utility token
functions in order to be the most advanced utility token on the market.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Pangolin
    TNGLV3/0XB31F66AA3C1E785363F0875A1B74E27B85FD66C7 2 months ago
    $ 0.0001
    $ 31.244 K
    -
    -
To be announced
Token Details
Ticker
TNGLV3
Additional Details
Categories
Platform

About TangleV3

What does Tangle do?

Tangle is a revolutionary and experimental token that promotes itself by rewarding those who increase Tangle's attractiveness. Tangle will also be used in the upcoming deFi zero-consensus prediction market system Forutsi

Tangle started out under a different name: Orbicular. Orbicular was an attempt at improving the Ampleforth protocol. Simply put, Orbicular understood that the fundamental purpose of Ampleforth’s rebase events served as arbitrage opportunities that incentivized trading, and these arbitrage opportunities gave it unique trading activity that set it apart from other tokens. Orbicular made the arbitrage opportunities more permanent and stronger by having rebase events occur according to a sine wave, instead of pegged to the US dollar value of the token. Eventually, we discovered that these arbitrage opportunities generated by the Ampleforth protocol were actually harmful to the token, and allowed any user to skim tokens out of the liquidity pool due to an oversight, namely that rebases needed to be restricted to not
influence the holdings of a liquidity pool to prevent skimming. This discovery led to the creation of Tangle, which has a very unique and novel reflection (reflection is a more modern term for rebase) mechanic, much more advanced than Ampleforth. Tangle understood the bigger picture regarding such mechanics, that the mechanic was meant to make the token more attractive by altering its behavior or providing incentives. With this in mind, Tangle has several features that are the most advanced of their kind, or that don’t exist in any other token, with the purpose of incentivizing Tangle’s attractiveness.

Features

1. Tangle implements EIP-2535.

 EIP-2535, also known as Diamonds or the Multi-Facet Proxy, allows a smart contract to be infinitely upgradeable after being deployed, without needing to redeploy the entire contract. If any bugs are found in any existing Tangle implementations, they can be fixed. If any new features are found that could benefit Tangle, they can be
implemented or added to Tangle. If any existing features or implementations of Tangle can be improved upon, they can be improved. Each of these things can be done without needing to redeploy every contract, without needing to airdrop or create an “upgrade” process for users to acquire the new token, and each of these things can be done quickly, easily, and cheaply. By using EIP-2535, Tangle can adapt and expand as new discoveries are made.


2. Tangle has a flexible yield farm structure.

Tangle has a highly advanced yield farm structure, not seen in any existing tokens. Yield farms in Tangle are an abstract construction that can be created, altered, or destroyed at any time. If there is a quality or property of Tangle or something related to Tangle that can be incentivized, a yield farm can be created to incentivize it. If an existing yield farm has any bugs or issues, or needs a change to be made, it can be changed. If an existing yield farm is found to be obsolete or no longer necessary, it can be removed. Tangle can have an infinite amount of yield farms
incentivizing an infinite amount of behaviors.


3. Tangle has a unique and advanced yield farm reward algorithm.

 Tangle’s most advanced feature is the yield farm algorithm it uses to reward those who participate in a Tangle yield farm. The development team has experimented with several reward algorithms, settling on the one named the Generalized Disinflationary Smart Reward Function, or GDSRF for short. It is a formula that allows for extremely flexible, customizable, and sustainable rewards. 


4. Tangle has flexible reflections.

Tangle’s reflection system works in a way that does not exist in any token currently offering reflections. Since the discovery that reflections or rebases that alter the balance of a liquidity pool can lead to stolen funds, Tangle’s reflections have a “blacklist” system that allows reflections to ignore an arbitrary list of addresses.
Currently, Tangle blacklists liquidity pool addresses and the main token holding address.


5. Tangle currently implements a liquidity token staking yield farm.

Tangle has a yield farm for liquidity token staking. This incentivizes users to add to Tangle’s liquidity pool, making Tangle more stable and more attractive. Users can add to the liquidity pool for a Tangle liquidity pair, then stake the liquidity tokens they receive on the Tangle App to receive Tangle as rewards. Currently, 75% of the Tangle sent to the yield farm rewards pool is reserved for liquidity token staking rewards.


6. Tangle currently implements an airdrop yield farm.

Tangle has a yield farm for airdropping. This incentivizes users to airdrop Tangle to those who don’t hold Tangle, spreading awareness of Tangle across the blockchain. Users can use the Tangle App to “build” a list of addresses that are human, active, and have funds, then once the list reaches a pre-selected amount, the user can airdrop 1 Tangle to each address on the list. Currently, 25% of the Tangle sent to the yield farm rewards pool is reserved for liquidity token staking rewards.


7. Tangle is “sticky”.

Probably the most controversial feature of Tangle is that it is “sticky”. What this means is that a developer-chosen amount of Tangle cannot leave a wallet under any circumstance. Right now, this value is a very insignificant value of 0.000000001 Tangle. This low value ensures that if a person is looking at that holder count of Tangle using a blockchain explorer such as etherscan or bscscan, the amount of holders only ever increases. This incentivizes Tangle’s attractiveness, as tokens with a higher holder count are more attractive than tokens with a lower holder count. The low value was chosen so that those holding Tangle can still sell their Tangle, but once Tangle is in an address, it is permanent.

Activity

Followers:
397
VERY LOW
Tweets:
93
LOW
30 Days Growth:
70
Members:
891
LOW
30 Days Growth:
-161

TangleV3 Last News

$ 0.0002
0.40%
Crypto Stats
Daily, %:
0.40%
Weekly, %:
Monthly, %:
40,016.27%
Market Info
Market Cap:
Volume 24h:
$ 18.324 K
Circ. Supply:
Ticker:
TNGLV3
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