$NGL is the native token of the Entangle blockchain, used primarily for paying transaction fees and delegating to validators, similar to how $ETH functions on Ethereum.
$wNGL is an ERC-20 compatible, wrapped version of native $NGL on the Entangle Blockchain. This transformation enhances $NGL’s utility by enabling it to interact with various blockchain functionalities - through smart-contracts and DApps.
Wrapping $NGL into $wNGL on Entangle allows:
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Agent Delegation: $wNGL allows for delegation within the Entangle Photon Messaging Agents nodes, which operates via smart contracts.
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Asset Bridging: Seamlessly bridge assets from the Entangle blockchain to other chains.
Note: $wNGL exists only on Entangle Blockchain. On other chains, $NGL maintains a consistent form, supported by Entangle’s omnitoken capabilities.
To swap your $NGL into the wrapped token $wNGL, use the wrap/unwrap button on the eBridge page.