Contango Protocol
TANGOEnd
Total Raised
$7.000M
Date
2021-04-01~2025-02-06
Contango Protocol is a DeFi platform that enables users to create futures positions with leverage without an end date and with lower funding costs. To achieve this, the protocol uses automatic "looping" strategies like lending and borrowing on the money and spot markets.
Contango Protocol successfully raised from ParaFi Capital, Advanced Blockchain AG, dlab, Coinbase Ventures, Spartan Group, and AngelDAO.
Contango Protocol Overview
Token Symbol
TANGO
Sector
DeFi
Launch Date
2021
Issuing Chain
Ethereum
Whitelist
No
Type
IDO
Related Links
Security Audit
Contango Protocol Tokenomics
Total Raised
$7.000M
Total Supply
1000000000
Private/Presale
$0
Public Sale
$66.666M
Fully Diluted Valuation (FDV)
$25.400M
Initial Circulating Supply
30M
Distribution Mechanism
Founding team +27.47%
Investors +11.98%
Ecosystem Development +32.66%
oTANGO Airdrop +18.18%
Fixed-price sale +6.69%
AlpaDAO +2.99%
Contango Protocol Token Sales (ICO & IDO) Rounds
Seed:
2021-04
End
Price
$0.012
Tokens Sold
$250.000M
Increase
$300.000K
Locked
Cliff 6 months, then vesting over 2 years
Launch Sector
--
Source
--
Seed:
2022-07
End
Price
--
Tokens Sold
$0
Increase
$4.000M
Locked
--
Launch Sector
--
Source
--
Seed:
2024-01
End
Price
$0.045
Tokens Sold
$3.555M
Increase
$160.000K
Locked
Сliff 6 months, then vesting over 2 years
Launch Sector
--
Source
--
IDO:
2024-10
End
Price
$0.045
Tokens Sold
$66.666M
Increase
$3.000M
Locked
100% TGE
Launch Sector
--
Source
--
