ANGLE

Overview of Angle (ANGLE)

ANGLE is the governance token of the Angle Protocol, a decentralized finance platform specialized in the development of robust and secure stablecoin systems. The token, with an initial total supply of 1 billion, plays a critical role in governing the protocol in a fully decentralized way. The ANGLE token facilitates community governance, enabling ANGLE token holders to have a say in the management and decision-making process of the Angle Protocol.

The distribution plan of ANGLE tokens is multi-year and sustainable, with 40% allocated for liquidity mining through whitelisted gauges, 20% controlled by the DAO treasury, 12% held for grants and partnerships, 18% vesting for the Angle Labs team, and 10% to early backers. The ANGLE emission can also be adjusted by veANGLE holders to optimize reward distribution. The token also has a bug bounty program rewarding up to $500,000 for discovered bugs or vulnerabilities. ANGLE token's performance and future largely depend on the continuous growth and development of the Angle Protocol.

Pros and Cons

Pros of ANGLE Token:

• Decentralized governance: ANGLE token allows for decentralized control over the Angle Protocol, empowering token holders to contribute to decision-making and the future development of the platform.

• Earning opportunities: Through liquidity mining, DAO treasury, grants and partnerships, governance participation, and a bug bounty program, ANGLE token offers multiple earning opportunities.

• Transparency and security: The protocol is transparent about its working mechanisms and token distribution. It has also undergone multiple security audits and implements a bug bounty program, ensuring robust security.

• Integration and utility: As part of the Angle protocol ecosystem, ANGLE tokens can be used across a variety of operations, including platform-specific activities and other DeFi applications.

Cons of ANGLE Token:

• Market volatility: Like all cryptocurrencies, the ANGLE token is subject to market volatility which can lead to unpredictable price movements.

• New and emerging project: As an emerging project, ANGLE token is relatively new in the market. Therefore, the risk associated with its long-term viability might be higher until it becomes more established.

What Makes Angle (ANGLE) Unique？

The innovation of Angle (ANGLE) lies in its focus on widening the stablecoin market beyond the traditional USD peg. Unlike many other cryptocurrencies that have their stablecoins pegged primarily to the United States Dollar (USD), Angle sets itself apart by providing functionality for users to mint stablecoins backed by EUR.

Furthermore, through the Angle protocol, ANGLE token holders have governance rights wherein they can participate in decisions regarding the protocol's further development and changes, a feature commonly found in the decentralized finance (DeFi) space.

It should be noted that while these innovations make Angle unique, they also entail complexity that requires a higher level of understanding of cryptocurrencies and blockchain technology compared to other cryptocurrencies. As with any digital asset, interested users should have a full understanding of the associated risks and mechanisms before engaging with the Angle protocol.



How Does Angle(ANGLE) Work？

Angle Protocol operates as a decentralized platform built on blockchain technology, specifically designed to create stablecoins pegged to various world currencies. The working mode of Angle involves a series of steps:

1. Users deposit collateral assets, such as Ether (ETH), into the Angle smart contract, which operates on the Ethereum blockchain.

2. Based on the deposited collateral's market value, users can mint stablecoins that are pegged to the value of EUR. For instance, if a user mints a stablecoin pegged to Euro, the value of the stablecoin will remain stable relative to the value of Euro, regardless of the volatility of the cryptocurrency market.

3. These stablecoins can be used as typical cryptocurrencies for payments, trades, investments, etc., on the Angle protocol and other compatible platforms.

4. The ANGLE token is the governance token of the protocol. It allows holders to have a say in the protocols development and changes by voting on proposals.

The principle behind Angle Protocol is leveraging the decentralization, transparency, and security of blockchain technology to provide users with stablecoins that reduce exposure to the standard volatility associated with the cryptocurrency market. Its unique angle is providing stablecoins pegged to EUR to diversify options available to users in the Decentralized Finance (DeFi) space.



Market & Price of Angle (ANGLE)

Coin airdrop: Angle Protocol (ANGLE) hasn't had any direct, official airdrops.

Price:

The price of Angle (ANGLE) has fluctuated significantly since its launch in 2021. It reached an all-time high of $7.21 on November 10, 2021, but has since fallen to its current price of $0.03077 as of Jan 28, 2024. This represents a decline of over 99%.

There are a number of factors that have contributed to the price fluctuation of ANGLE. One factor is the overall market conditions for cryptocurrencies. The cryptocurrency market has been highly volatile in recent years, and ANGLE has not been immune to this volatility.

Another factor that has affected the price of ANGLE is the adoption of the Angle protocol. The Angle protocol is still under development, and it has not yet been widely adopted. As the protocol becomes more widely adopted, the demand for ANGLE tokens is likely to increase, which could lead to a higher price.

Finally, the price of ANGLE is also affected by speculation. Some investors may buy ANGLE tokens in the hope that the price will increase in the future. This speculative buying can drive up the price of ANGLE in the short term.



Exchanges to Buy Angle (ANGLE)

When considering the purchase of ANGLE, here's a list of exchanges where the token might be available:

- Gate.io: One of the more recognized platforms, Gate.io may feature ANGLE for trading. The trading pairs include ANGLE/BTC, ANGLE/ETH, and ANGLE/USDT, among others.

- CoinEx: A steadily rising name in the cryptocurrency sphere, CoinEx's support for ANGLE emphasizes its growing footprint. Trading pairs include ANGLE/BTC and ANGLE/USDT.

- Sushiswap: As a decentralized exchange, SushiSwap allow for the swapping of ANGLE with Ethereum and other tokens on the Ethereum blockchain.

- OrangeX: OrangeX is a digital asset exchange platform that lists ANGLE, among other cryptocurrencies, providing users with the ability to trade, deposit, and withdraw ANGLE tokens However, market dynamics change, and the availability of tokens on exchanges can fluctuate.



How to Store Angle (ANGLE)？

MetaMask and Trust Wallet are reputable digital wallets where you can store ANGLE tokens, among other cryptocurrencies.

MetaMask is a browser-based wallet that can be used as an extension in browsers like Chrome and Firefox. It supports Ethereum-based tokens, including ANGLE. Users can manage their tokens, sign transactions, and interact with decentralized applications (DApps) directly from their browser.

Trust Wallet, on the other hand, is a mobile-focused wallet offering compatibility across many different cryptocurrencies, providing a user-friendly interface, and facilitating interaction with DApps. It is recognized for its robust security features and is officially endorsed by Binance, one of the largest cryptocurrency exchanges.

Both wallets provide secure platforms for storing, receiving, and transferring ANGLE tokens and interact with the Angle Protocol. Always follow standard safety procedures like keeping your private key secure, using two-factor authentication, and regularly updating your wallet software to ensure the security of your tokens.

Is It Safe？

The safety of any cryptocurrency or token, including the ANGLE token, can depend on several factors.

• Smart Contract Audits: The Angle Protocol, which issues the ANGLE token, has undergone multiple audits by leading security firms like Chain Security, Code4rena, and Sigma Prime. These audits indicate a thorough examination of the protocol's smart contracts to ensure they are secure and to eliminate potential vulnerabilities.

• Project Transparency: The project maintains transparency, offering full visibility to the protocol reserves. This transparency can increase trust in the project.

• Governance: The ANGLE token allows for decentralized governance. This means that decisions about the protocol are made by the community of token holders.

• Bug Bounty Program: The project has a bug bounty program where they reward individuals who find and report bugs or vulnerabilities. This can further contribute to the security of the system.

However, it's important to note the inherent risks involved with investing in cryptocurrencies. These risks can include market volatility, regulatory policies, technological changes, and other factors. ANGLE, like any other tokens, could be affected by such risks.

Additionally, the security of your ANGLE tokens can also rely on the safety precautions you take. This includes properly storing your tokens in a secure wallet, carefully managing your private keys, and exercising caution against phishing attempts and scams.

It's also crucial to stay updated with Angle Protocols official announcements and the latest news in the cryptocurrency domain.



How to Earn Angle (ANGLE)？

Earning ANGLE tokens mostly involves participating in the protocol's ecosystem. Here are a few ways:

• Liquidity Mining: ANGLE tokens can be earned as rewards by providing liquidity to eligible pools in the Angle Protocol, referred to as whitelisted gauges.

• Governance Participation: Active participation in governance by ANGLE token holders, such as voting on proposals, can also lead to earning opportunities.

• Grants and Partnerships: Angle Labs holds a portion of the tokens for distribution to the community as grants or bug bounties. Relevant contributions to the growth and development of the platform can be rewarded with ANGLE tokens.

• Bug Bounty: Reporting bugs or potential vulnerabilities in the system could make you eligible for rewards in ANGLE tokens.

• Taking part in Future Incentive Programs: Angle Labs occasionally launches incentive programs for various activities within the platform. Participation in these events can yield ANGLE tokens as rewards.

Participating in these activities usually involves risks, so it's important to understand the protocol's rules and the associated risks before beginning.



Conclusion

ANGLE is the governance token of the Angle Protocol, driving a fully decentralized and transparent stablecoin issuance platform. It facilitates liquidity mining, governance participation, and other earning opportunities. Being audited multiple times and maintaining a bug bounty program underscores its focus on security. ANGLE holders can actively partake in decision-making, underscoring the platform's decentralized ethos.

FAQs

Q: How does Angle (ANGLE) differentiate itself from other cryptocurrencies？

A: In contrast to many other cryptocurrencies that primarily peg their stablecoins to the U.S. Dollar, Angle (ANGLE) enables users to mint stablecoins that are tied to the value of Euro.

Q: What kind of wallets can store Angle (ANGLE)？

A: As Angle (ANGLE) can be stored in MetaMask and Trust Wallet.

Q: What is the innovation of the Angle (ANGLE) project？

A: Angle Protocol's innovation lies in its implementation of a capital-efficient, decentralized stablecoin issuance system where ANGLE token holders can participate in governance decisions, facilitating liquidity mining and other earning opportunities, while maintaining a strong focus on security and transparency.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.