What is TNGBL
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Tangible, $TNGBL: Bridging the Gap Between Physical and Digital Assets
Introduction
In the evolving landscape of the cryptocurrency market, Tangible emerges as a revolutionary project leveraging the potential of web3 technologies. By combining the traditional world of physical assets with the modern capabilities of digital tokenization, Tangible aims to create a seamless integration that enhances access and liquidity. At the forefront of this venture is the native token, $TNGBL, which plays a pivotal role in the ecosystem. This article explores the intricate workings of Tangible, detailing its objectives, mechanisms, and key milestones in its journey.
What is Tangible, $TNGBL?
Tangible is a sophisticated tokenization protocol crafted to revolutionize the transaction of valuable real-world assets via the blockchain. The project primarily functions as a conduit for the conversion of tangible assets into digital tokens, ensuring a profound shift in how these assets are perceived and traded.
At the heart of Tangible’s operations is a suite of stablecoins, such as USTB, which are uniquely backed by tangible assets like US Treasuries through the innovative Mountain Protocol. This system not only brings stability but also provides investors with a sense of security. Furthermore, Tangible conceptualizes and deploys baskets of tokenized yield-generating properties. A prime example of this innovation is UKRE, which represents an ERC-20 token backed by a diverse collection of NFTs symbolizing real estate, thus offering users extensive investment opportunities.
Who is the Creator of Tangible, $TNGBL?
The existing data regarding Tangible is somewhat limited when it comes to identifying its creator or founders. As of now, the specifics concerning the individuals or team behind Tangible remain unknown. This gap in information raises intriguing questions about the visionaries steering the project and their motivations in the web3 ecosystem.
Who are the Investors of Tangible, $TNGBL?
While many projects in the crypto space take pride in their well-documented investors or backing organizations, Tangible does not provide explicit information about its investment foundations or notable backers. This absence makes it challenging to delineate the financial players supporting Tangible’s aspirations. Nonetheless, the project’s innovative approach could attract future investment as it gains traction in the market.
How Does Tangible, $TNGBL Work?
The underlying mechanics of Tangible are designed to facilitate the seamless interaction between physical and digital assets. The process begins with the tokenization of real-world assets into Non-Fungible Tokens (TNFTs), making it easy for users to engage with these previously illiquid assets.
When users purchase valuable physical goods through Tangible, a TNFT is minted to represent that asset, which is then sent to the buyer’s digital wallet. Importantly, each physical asset is stored securely and insured to guarantee safety and peace of mind for the investors. This innovative approach allows for a new era of digital ownership, where physical items can be traded and liquidated efficiently on Tangible’s marketplace.
Tangible also prioritizes liquidity through its innovative platform. Users can buy, sell, and trade TNFTs as part of a vibrant marketplace, thus enhancing the trading experience of off-chain physical assets. Moreover, Tangible employs an Instant Liquidity Engine that allows users to sell their TNFTs immediately without the conventional listing processes, thus fostering a more dynamic market environment.
Key Features of Tangible, $TNGBL
Tokenization of Real-World Assets: By converting physical items into TNFTs, Tangible allows for trading and investment in previously illiquid markets.
Stablecoins: The introduction of stablecoins such as USTB, anchored by US Treasuries, offers a reliable investment alternative that mitigates volatility concerns.
Diversified Tokenized Properties: With offerings like UKRE, users have the ability to invest in a basket of tokenized assets, enhancing portfolio diversification.
Instant Liquidity Engine: This feature empowers users to swiftly transact TNFTs, promoting a fluid market atmosphere devoid of unnecessary delays.
3,3+ Token Model: This innovative model rewards users who commit to locking their tokens in the Tangible protocol, further incentivizing long-term investment while enhancing engagement.
Timeline of Tangible, $TNGBL
The development of Tangible follows a unique trajectory marked by significant milestones:
May 2, 2022: The launch of the mainnet for Tangible’s NFT marketplace marks a cornerstone event in the project's advancement, allowing users to engage with the platform’s offerings for the first time.
Ongoing Development: Following its initial launch, Tangible has been actively building its ecosystem, with a strong emphasis on enhancing user experience and expanding market offerings.
As Tangible continues to evolve, it is positioned strategically within a vibrant market that seeks innovation and transformation regarding asset ownership and investment methodologies.
Conclusion
Tangible, together with its token $TNGBL, is not merely a project but an ambitious aim to redefine the intersection of physical assets and the blockchain. Through its pioneering tokenization efforts and a focus on liquidity, Tangible is geared towards shaping the future of asset interaction in the rapidly expanding web3 landscape. As the project develops further and gains recognition, it holds the promise of becoming a key player in the evolving narrative of the cryptocurrency and blockchain space, making tangible the future of asset ownership.
