$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 Entangle Hub.
1. Open Metamask and switch to the Entangle mainnet.
2. Navigate to the Entangle Hub and click on "Accounts" on the top right hand corner of the page.
3. From the dropdown menu, select "Convert NGL".
4. Input the amount of NGL you wish to convert and click "Wrap"
5. Your Metamask extension will popup asking you to sign the transaction. Click on "Confirm" to sign the transaction.