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TANGO is Contango’s utility token, with a total supply of 1,000,000,000 and represents the centerpiece of the protocol’s tokenomics, aka TANGOnomics.
TANGOnomics initially aims at deepening TANGO liquidity and incentivizing growth by rewarding both stakers and traders, the main players of the Contango ecosystem:
Stakers can provide liquidity on the TANGO/ETH Balancer pool (more on this below) and lock LP tokens on Contango, to be rewarded with 100% of protocol fees (depending on their share of locked tokens) as well as with Balancer trading fees and BAL incentives.
Traders accrue points when trading on Contango, which entitles them to a share of TANGO rewards, up to 2% of the total supply per year.
This simple design allows anyone to join the Contango ecosystem and earn by being either a trader, a staker, or both.
The live Contango price today is $0.055514 USD with a 24-hour trading volume of $179,651 USD. We update our TANGO to USD price in real-time. Contango is down 10.46% in the last 24 hours. The current CoinMarketCap ranking is #1386, with a live market cap of $6,178,921 USD. It has a circulating supply of 111,303,228 TANGO coins and a max. supply of 1,000,000,000 TANGO coins.