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Contango Protocol
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Contango Protocol

TANGOEnded
Total Raised
$7M
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
Twitter-TANGODiscord-TANGOYoutube-TANGO

Contango Protocol Tokenomics

Total Raised
$7M
Total Supply
1000000000
Private/Presale
$0.00
Public Sale
$66.66M
Fully Diluted Valuation (FDV)
$25.4M
Initial Circulating Supply
30M

Distribution Mechanism

Founding team 27%
Investors 12%
Ecosystem Development 33%
oTANGO Airdrop 18%
Fixed-price sale 7%
AlpaDAO 3%

Contango Protocol Token Sales (ICO & IDO) Rounds

Seed
2021-04
Ended
Price
$0.012
Tokens Sold
$250M
Increase
$300K
Locked
Cliff 6 months, then vesting over 2 years
Launch Sector
--
Source
--
Seed
2022-07
Ended
Price
--
Tokens Sold
$0.00
Increase
$4M
Locked
--
Launch Sector
--
Source
--
Seed
2024-01
Ended
Price
$0.045
Tokens Sold
$3.55M
Increase
$160K
Locked
Сliff 6 months, then vesting over 2 years
Launch Sector
--
Source
--
IDO
2024-10
Ended
Price
$0.045
Tokens Sold
$66.66M
Increase
$3M
Locked
100% TGE
Launch Sector
--
Source
--

Team