Contango price

TANGO

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.

Read the full TANGOnomics here.