Tangible (TNGBL)

What is Tangible?

Tangible is a TNFT marketplace that converts real world assets into NFTs that can be redeemed for the physical item at any time.

On Tangible, anyone can use cryptocurrency to purchase valuable physical goods from the world’s leading suppliers. Upon the purchase of an asset listed on Tangible, a TNFT (“Tangible non-fungible token”) is minted, representing the physical item. The physical item is then sent to one of Tangible’s secure and insured storage facilities, and the TNFT is sent to the buyer’s wallet. At any time, the owner of the TNFT can redeem it for the physical item, transfer it to another wallet, or sell it on Tangible’s marketplace. The TNFT is a liquid, tradable and redeemable asset, represented by an on-chain NFT.   Tangible converts real world assets into TNFTs that can be redeemed for the physical item at anytime.

Tangible Unique Features

Roadmap

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Tangible Token Economy

The TNGBL token leverages the very latest developments in token design. Users lock their tokens and receive a multiplier based on their selected lock period. When users lock their tokens they receive an NFT that represents the locked tokens, which makes the position liquid. Holders of these locked NFTs receive the marketplace revenue, 33% of which is used to buy and burn, with the remaining 66% distributed in USDC to NFT holders.

Detailed Token Metrics

Tangible Seed round price: $0.3

Tangible IDO price: $2.0

Token Distribution

Token Release Schedule

Once the IDO is complete, each investor will receive a 3,3+ NFT, which contains the purchased amount of locked $TNGBL tokens. This 3,3+ NFT entitles the holder to their percentage share of marketplace fees, distributed weekly as $USDC.

The $TNGBL tokens are locked for 48 months inside the 3,3+ NFT, which makes the holder eligible to receive the highest possible $TNGBL multiplier (25x). As the lock period moves towards maturity, “free claimable” tokens will become available per block. These can be claimed without affecting the overall multiplier.

If needed, additional $TNGBL tokens can be withdrawn from the NFT, however this will result in a reduced multiplier. Further, the lower the percentage of total locked $TNGBL held, the smaller the percentage of $USDC revenue share the holder receives.

Instead of withdrawing the $TNGBL tokens from the NFT, the entire NFT will be immediately tradable P2P on the Tangible NFT marketplace. This let’s users exit their financial position without unlocking tokens.

This tokenomics model rewards longterm investors. The longer they hold, the greater the multiplier and greater their $USDC rewards will be

Partners & Advisors

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Team Members

Investors

Investors: SVC Skyvison Capital, Nxgen Capital, Master Ventures