The TANGENT PROTOCOL is integrating NFTs, DeFi utility, and smart contracts in a web3 app that brings new capabilities and functionality to the Cardano blockchain. What is the mission of TANGENT?

The mission of TANGENT is to create robust DeFi tools and services such as the Redeemable NFT Launchpad, NFT Farm Creation Tool, Permissionless Yield Farming, etc. These tools and services are utilized by developers, creators, artists, and users on the Cardano blockchain.

What is the purpose of the TANGENT REDEEMABLE NFT LAUNCHPAD?

The TANGENT REDEEMABLE NFT LAUNCHPAD supports artists, creators, and enterprises while allowing for the sale and funding of tangible NFTs backed by the tokenization of real-world items, products, and assets. Each Redeemable NFT is backed 1 to 1 by a physical item or product in the real world and these can be redeemed from the NFT issuer via the launchpad redemption function.

What does the TANGENT NFT FARM provide?

The TANGENT NFT FARM provides DeFi services and solutions on Cardano to projects, developers, and end users. Tangent is a DeFi-as-a-Service (DaaS) platform serving the farming needs of the Cardano community. NFT Farming is the next step in the evolution of complex NFTs, that on one level are collectible digital art pieces but on another, form parts of smart contracts that are utilized within decentralized finance. These NFTs are not only aesthetically pleasing but possess staking capabilities within Farming Pools thus generating yield rewards for each user. Tangent has coined the phrase Operative Artwork to describe this function. The TANGENT NFT FARM will eventually be completely permissionless, providing a platform where any user (even those with zero knowledge of coding) can create their own NFT Farming Pools on Cardano.

What is the purpose of the TangentDAO and TANG token?

As advocates for permissionless financial services, TANGENT believes that it should eventually become an independent platform owned and led by the community. To serve this aim, the TangentDAO and TANG token have been created. The primary use case of the TANG token will be as a governance token to actively guide TANGENT towards self-sustainability and shared community ownership.

What can holders of TANG token do?

TANG token holders have the ability to participate directly in governance by voting on proposals related to the TANG tokens development and usage, as well as the development and direction of the TANGENT platform itself. Any proposal that meets the proposal thresholds set by the governance protocol will be eligible to be voted on by the community.