Our native token $TNGNT, is the fuel that runs, and the oil that lubricates the Tangent engine — Its utility is vast, and we detail some of these uses below:
Staking $TNGNT natively on our platform allows users to receive $TNGNT rewards from our buyback program — it also allows users to gain various discounts on their trading fees based on the amount the user has staked.
Boosting allows users to earn rewards for providing liquidity, users may also vote-lock their $TNGNT to participate in the governance of the platform through the Tangent DAO — at the same time boosting their LP rewards for specific pools.
Gauges define the weight given to a liquidity pool for the purposes of reward emissions — every pool on the Tangent platform has a gauge, and each gauge is voted on by users through locking their $TNGNT to vote. This voting process allows users to determine which pools yield the highest rewards.
Nodes can be run by users with a large enough $TNGNT stake, and as you might expect — will reward node operators with $TNGNT for distributing and operating the Tangent L2 network.
Governance defines what Tangent is today, and what it will become tomorrow. Through vote-locking their $TNGNT tokens, users may use their voting power to determine any number of variables regarding the operation of the protocol, through DAO proposals.
What we have discussed in this article is simply the start of our journey, we will adapt and evolve in the coming months and years to become the premier trading experience on Hedera.
We are thrilled to have you with us on this adventure.