AMA Recap: DOKDO DAO x Entangle
3th May, 8PM (UTC+9)
A : Gabriel Hiris, Head of BD at Entangle
Q : DOKDO DAO
Entangle is the one-stop shop for any network, protocol, or asset seeking the core primitives and tools necessary to connect to the rest of the blockchain ecosystem. Whether it’s the tools to source data from Web2 sources as well as Web3, enabling the tokenization of assets, facilitating omnichain gaming interactions or integrations that allow the creation of new cross-chain DeFi and Liquidity products, Entangle is enabling the omnichain evolution of the crypto industry.
INTRODUCTION ABOUT Entangle
Q Please give us a brief introduction to Entangle
AEntangle is the one-stop shop for any network, protocol, or asset seeking the core primitives and tools necessary to connect to the rest of the blockchain ecosystem. Whether it’s the tools to source data from traditional Web2 as well as Web3 to tokenize a wealth of assets, or the integrations that enable the creation of new cross-chain DeFi and Liquidity products, Entangle is enabling the omnichain evolution of the crypto industry.
Q How about the team?
AEntangle was founded by Faisal Mehrban in 2022.
Faisal Mehrban is the Founder and CEO of Entangle Labs. Faisal has diverse experience in Investment Banking, FinTech, RegTech and Digital Assets, working at JP Morgan, Barclays and Credit Suisse as a Lead Consultant. Faisal Mehrban graduated from the University of Warwick (LLM specialising in Banking and Finance) and also an alumnus of the University of Oxford, where he specialised in Blockchain Strategy.
Q What make difference for Entangle?
AEntangle is built with developer customizability in mind with the innovative distributed network of PoS machines termed The Agent Network. Transmitter Agents are programmable to collect and aggregate data from various on-chain and off-chain sources, such as real-world and blockchain data. A Proof-of-Collateral system is used whereby Agents must stake $NGL tokens to participate and reach consensus for data to be validated on the Entangle Blockchain.
Additionally, 3rd parties may deploy customized Transmitter Agents to verify on-chain or off-chain data, receiving $NGL tokens as compensation. Parties may elect to use Entangle’s Agents, 3rd party ones, or some combination of the two as part of their security design.
Applications may also customize security and consensus parameters such as the number of Receiver and Executor Agents, consensus threshold parameters, preferred data sources, data delivery method, data process logic, and more. These can be tailored based on security and cost preferences, and be proportionally upgraded alongside as required.
PRE-COLLECTED QUESTIONS FROM USERS
QMost memecoins get a lot of attention and price increases in the beginning due to the token’s price and meme material, but most meme tokens decline over time, causing many holders to leave, and I wonder if the Borpa project has a plan to solve this problem.
ADue to the mercenary nature of crypto, sustaining momentum is challenging for projects as users attention rapidly jump to the new shiniest tokens. One of the ways we mitigate this risk is by embracing the dual-themed borpa aesthetic we were mentioning, enabling our community to craft endless derivatives.
However, a key strategy we employ to consistently attract attention is our lottery-style mechanism, an idea largely inspired by the infamous FOMO3D project. At its core, the idea is rather simple: the more active and involved you are with our token and community, the higher your chances to secure the cash prize. This strategy not only fosters active participation but also elevates our profile as the potential gains incrementally increase. As the potential prizes soar to substantial figures, this innovative lottery-style mechanism stands as a beacon of hope, with the potential to dramatically alter the fortunes of numerous participants.
Q What are the benefits for Entangle’s community? How can community members expect to see more participation and innovation in the blockchain ecosystem with the launch of the mainnet?
A Following the mainnet launch, Liquid Vaults will go live on mainnet in early to mid April as a separate entity, incubated by Entangle Labs. Liquid Vaults is an innovative re-financing solution, enabling Composable Derivative Tokens (CDTs) on any yield-bearing asset. Powered by Entangle’s interoperability infrastructure, Liquid Vaults opens a multitude of yield opportunities for users by unlocking further functionality for their capital. In addition to that, the mainnet launch pave the way for many new projects incubated by Entangle Labs, such as Borpa, Zerosum and more. AS the mainnet is launched, NGL staking and the point program also go live, allowing users to earn points and potentially get an airdrop from each new project.
Q I understand that the Entangle Labs Points Program exists. Can you tell me more about the terms and benefits?
A Educating and onboarding the next wave of crypto users has always been one of our guiding principles. By leveraging the points system, users can develop their DeFi and on chain skill sets. Many Entangle users bought their first NFT with Webverse, and with the launch of the Points System, these users will have the opportunity to grow and develop as they explore the myriad of opportunities to engage in crypto that the Entangle Labs umbrella offers.Staking is just the first step, but it is one of the first steps every user takes when they make their introduction into both EVM and non-EVM based networks. With Liquid Vaults by Entangle, users are able to extract the most efficiency from their capital with DeFi tasks such as bridging, lending and borrowing and wrapping their Liquidity Positions into Composable Derivative Tokens that can be deployed in other DeFi protocols. All of these actions will be tracked on the Entangle Blockchain and will contribute to your points total.
Users that participate in more rewards systems should be rewarded more, and at Entangle there are many opportunities to participate in the ecosystem.
Once your NGL is staked, you will begin to accrue points. These points can then be deployed across the ecosystem to reward your support for the projects you believe in. The program will run in Epochs which are loosely aligned with the vesting unlock dates.
if you think that memecoins are the alpha for this cycle and you are focused on the Borpa DeFi Game, you will be able to direct your points to get the best return for your staked NGL tokens. As a result, users will be rewarded simply by using the products in the Entangle ecosystem.
In the coming weeks the $NGL points system will be live for you to stake your $NGL tokens and start collecting the points for participating in the ecosystem and strategizing on your rewards.
LIVE QUESTIONS
Q WHT is benefit for entangle holders?
A The benefits for entangle holders include the opportunity to participate in the entangle ecosystem, earn points through staking NGL tokens, and receive potential airdrops from new projects incubated by entangle. For instance, Borpa has allocated 6% for the airdrop to WebverseNFT holders and NGL stakers.
Q What is the inspiration behind borpa?
A The inspiration behind borpa is the popular Pepe meme in the crypto community. Borpa aims to differentiate itself from other meme coins by creating a cultural project that is not solely driven by speculation. The team behind borpa is focused on gathering attention and becoming a legitimate project, with plans to explore different directions such as merchandising, animation, and gaming.
Q Do you have any plans for Borpa metaverse or merchandise, like Pudgy Penguin?
A Borpa has plans to explore the metaverse and merchandise options. They are working on creating a metaverse within the borpa universe, where users can interact with the borpa characters and the community. They are also exploring partnerships and manufacturing options for merchandise related to the borpa project.
[Entangle Official Links]
Website : https://entangle.fi/
Twitter : https://twitter.com/Entanglefi
Discord : https://discord.com/invite/entangle
