Kangal

Kangal

KANGAL
$0.000003282%12.76

Key Metrics

Price$0.000003282
Real Volume (24H)$354.76
Marketcap$328,170.93
Fully Diluted ValuationN/A
ATH$0.00028461
ATH Date4/20/2021, 5:41:51 PM
ATL$0.00000161
ATL Date9/26/2022, 5:25:11 PM
Circulating Supply100B
Total Supply100B
WebsiteN/A
WhitepaperN/A
Popularity Rank2960
Chart
What is Kangal?

Kangal (KANGAL) is a decentralized application (dApp) ecosystem with its governance token of the same name. The Kangal platform's primary objective is to develop a dApp store where developers, teams, or enterprises can submit and publish their dApps. The KANGAL token plays a pivotal role in transferring value and voting power to its stakeholders or the Kangal community, commonly known as the Kangal DAO. On the Kangal DAO forum, stakeholders come together to exchange ideas on any area of the project and propose new ones.

To be self-sustaining, communities need a currency that can serve as a payment medium, store of value, utility, or measure of value. Thus, the Kangal platform introduced the KANGAL token, which deploys both the ERC20 and BEP20 token standards.

Apart from being a governance token, the Kangal platform also introduced a utility token called $TEAK. $TEAK helps fuel the community, meaning KANGAL tokens are staked to obtain this utility token to fuel the dApp ecosystem. Staking is a mechanism to earn crypto as a reward. The Kangal platform seeks to use $TEAK to power all its dApps and allow them to generate rewards or burn $TEAK.

The Kangal ecosystem aims to offer various products, such as NFT dApps, as a pre-launch to the NFT marketplace and minting. Additionally, the DAO plans to form various groups called boards to facilitate and disperse token functionalities. The ecosystem also aims to launch games, lotteries, and other products.

The Kangal ecosystem came into existence on February 14, 2021, when a group of designers and developers founded it. They named the ecosystem Kangal after the Anatolian Shepard breed of dogs. The Kangal ecosystem has a total supply of one hundred billion KANGAL tokens.

In summary, Kangal (KANGAL) is a dApp ecosystem seeking to develop a dApp store, and its governance token, the KANGAL token, plays a critical role in transferring value and voting power to the Kangal DAO community. The ecosystem also introduced a utility token, $TEAK, to help fuel the community. The Kangal ecosystem aims to offer various products, such as NFT dApps, games, lotteries, and more. The ecosystem has a total supply of one hundred billion KANGAL tokens.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.