Allocations and unlocking

The Contango token launch is planned for the 21st of October 2024, via a fixed-price sale on Fjord. Beware of scams. All updates will come through official links.

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.

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

6.7% of the supply will be made available through a public sale on Fjord.

18.2% of the supply will be claimable through the oTANGO airdrop a few weeks after the sale.

32.7% will be 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 will be paired against ETH to seed liquidity on Balancer).

• Community 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.

Past private raises

Round	amount raised	Date	Price	Valuation	% of supply	Cliff / Vesting
Investors: Pre-seed	$0.3M	Q2 2021	$0.012	$12M	2.5%	after TGE: 6 months / 2 years
Investors: Seed	$3.7M	Q1 2022	$0.045	$45M	8.1%	after TGE: 6 months / 2 years
Investors: Seed extension 1	$0.46M	Q3 2022	$0.045	$45M	1.0%	after TGE: 6 months / 2 years
Investors: Seed extension 2	$0.16M	Q1 2024	$0.045	$45M	0.3%	after TGE: 6 months / 2 years
total	$4.62M				11.9%