Tangent is an independent platform owned and led by the community. TANG token is created as a governance token to actively guide Tangent towards self-sustainability and shared community ownership. The token has been minted on the Cardano blockchain and is a tradable asset that functions like most other native Cardano tokens, except that it has additional utility as a voting mechanism.
TANG is the governance token of Tangent and it is native to the Cardano blockchain which means it inherits all the security guarantees and operationalprotocols from its layer-1 blockchain, just like ADA. For example, the responsibility of validating blocks and TANG transactions is outsourced to the Cardano Network of decentralized node operators. Node operators and delegators are incentivized via the chain’s unique rewarding mechanism, which rewards participants.
Trade $TANG at LCX Exchange
Sign InTANG token holders can vote on proposals related to the TANG token’s development and usage, as well as the development and direction of the Tangent platform itself. Any proposal that meets the proposal thresholds set by the governance protocol is eligible to be voted on by the community. The voting weight of each member is directly proportional to the amount of TANG tokens held in their wallets during the proposal period. Governance is important because it ensures that TangentDAO members can vote to allocate resources towards artistic grants, strategic partnerships, governance initiatives, NFT bounties, additional NFT farming pools and other programs.
Another secondary utility of the TANG token is as an alternative method of payment within the Tangent ecosystem, with built-in discounts on Tangent tools and services. Holding TANG will also grant the user exclusive access to advanced Tangent tools and services, and add their wallet to the members only whitelist for upcoming NFT mints and events.
How Can You Buy $TANG?
You can buy, trade, and store TANG tokens at the LCX exchange. The trading pairs for the TANG tokens are TANG/LCX and TANG/USDC.
