# Allocations and unlocking

{% hint style="info" %}
TANGO was launched on Fjord on October 21st 2024.

An official liquidity pool was seeded on [Balancer](https://balancer.fi/pools/arbitrum/v2/0x1ed1e6fa76e3dd9ea68d1fd8c4b8626ea5648dfa0002000000000000000005cb) a few days later.
{% endhint %}

{% hint style="success" %}
TANGO contract (Arbitrum): [0xC760F9782F8ceA5B06D862574464729537159966](https://arbiscan.io/address/0xc760f9782f8cea5b06d862574464729537159966)\
oTANGO contract (Arbitrum): [0x007606064f8A40745336F91a1E4345900143756b](https://arbiscan.io/address/0x007606064f8A40745336F91a1E4345900143756b)
{% endhint %}

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.

<figure><img src="/files/DX3Msd9PbUTDNIcPp5hG" alt=""><figcaption></figcaption></figure>

More than 60% of TANGO supply is allocated to the Community.

6.7% of the supply was made available through a [public sale on Fjord](https://medium.com/contango-xyz/all-you-need-to-know-about-the-tango-launch-db4a689191a5) in October 2024.

Initially 18.3% of the supply was made claimable through the [oTANGO airdrop](https://medium.com/contango-xyz/the-otango-airdrop-0c94b2822498) a few weeks after the sale. Since some users didn't end up claiming their share, around 3% of the supply went back to the treasury, so the final supply allocation for oTANGO is 15.3%.

35.6% is allocated to ecosystem development. Here’s a few examples:

* Trading incentives (e.g. 2% of the supply will be allocated each year for 3 years to reward traders).
* Protocol-owned liquidity on dexes (e.g. initially, around $800,000 worth of TANGO were paired against ETH to seed liquidity on Balancer).
* Community or developer grants.

3% will be allocated to AlphaDAO, which helped kickstart Contango in 2021.

The only tokens that have a cliff and vesting are those allocated to:

* the team (1 year cliff, 2.5 years vesting)
* investors (6 months cliff, 2 years vesting)
* AlphaDAO (1 year cliff, 2.5 years vesting).

The full unlocking schedule is presented in the chart below.

<figure><img src="/files/J9O8HVclDMxcjXd54sgS" alt=""><figcaption></figcaption></figure>

### Past private raises

<table><thead><tr><th width="250">Round</th><th width="143">Amount raised</th><th>Date</th><th>Price</th><th width="115">Valuation</th><th width="118">% of supply</th><th width="302">Cliff / Vesting</th></tr></thead><tbody><tr><td>Investors: Pre-seed</td><td>$0.3M</td><td>Q2 2021</td><td>$0.012</td><td>$12M</td><td>2.5%</td><td>after TGE: 6 months / 2 years</td></tr><tr><td>Investors: Seed</td><td>$3.7M</td><td>Q1 2022</td><td>$0.045</td><td>$45M</td><td>8.1%</td><td>after TGE: 6 months / 2 years</td></tr><tr><td>Investors: Seed extension 1</td><td>$0.46M</td><td>Q3 2022</td><td>$0.045</td><td>$45M</td><td>1.0%</td><td>after TGE: 6 months / 2 years</td></tr><tr><td>Investors: Seed extension 2</td><td>$0.16M</td><td>Q1 2024</td><td>$0.045</td><td>$45M</td><td>0.3%</td><td>after TGE: 6 months / 2 years</td></tr><tr><td>total</td><td>$4.62M</td><td></td><td></td><td></td><td>11.9%</td><td></td></tr></tbody></table>

### Public raise

<table><thead><tr><th width="250">Round</th><th width="143">Amount raised</th><th>Date</th><th>Price</th><th width="115">Valuation</th><th width="118">% of supply</th><th width="302">Cliff / Vesting</th></tr></thead><tbody><tr><td>Fjord fixed-price sale</td><td>$3M</td><td>Q4 2024</td><td>$0.045</td><td>$45M</td><td>6.7%</td><td>none</td></tr></tbody></table>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.contango.xyz/tango/allocations-and-unlocking.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.