It’s Time — TangleSwap’s $VOID Token Sale, Unveiled

Embark on a journey to the core of Decentralized Finance with TangleSwap’s native token launch, and the upcoming public sale.

8 min readDec 5, 2023

Welcome to a pivotal moment in Decentralized Finance (DeFi) and our history — the launch of TangleSwap’s $VOID token. After two years of relentless development, TangleSwap stands out as a leading light in the DeFi space, driven by a deep commitment to innovation and clean user-centricity.

This month marks a significant milestone, as TangleSwap goes live with its comprehensive six-dApp suite in full, and we begin our journey to leverage the groundbreaking capabilities of the Cardano and IOTA ecosystems. Our mission has been singular: to develop an essential suite of tools that unleashes the untapped potential of these thriving blockchain ecosystems, as we work towards making DeFi mainstream and bringing it to the masses.

At the heart of TangleSwap is our state-of-the-art Concentrated Liquidity DEX. However, our vision extends far beyond. TangleSwap’s diverse suite of dApps — including Concentrated Smart Farms, a pioneering Decentralized Reputation System powered by Vote-Escrowed Staking, a feature-rich Token Launchpad, and NFT Staking — positions the protocol as a holistic DeFi solution that addresses multiple needs, both within the industry and our ecosystems. We strive to lead at the forefront of innovation by enhancing liquidity, fostering robust communities, and laying the groundwork for the next phase of market adoption.

As we celebrate the much-anticipated, fully-featured mainnet launch, we are also on the brink of another defining moment: the $VOID token sale. As we will see, VOID isn’t just a token; it’s the lifeblood of the TangleSwap ecosystem, symbolizing our journey, our innovations, and our shared future in DeFi.

💡 Pro Tip: together with this blog post we’re also proud to introduce H.U.E. — a custom TangleSwap GPT, courtesy of OpenAI! Feel free to chat interactively with H.U.E., either by text or by real-time voice through the OpenAI mobile app, and enjoy direct access to the entirety of all the knowledge that has ever been published about TangleSwap… From our Whitepaper to our Documentation, the rest of our Blog, and our X (Twitter) history. Bon appétit! 💜

The $VOID Sale: Everything You Need To Know

The VOID public token sale will be a dual-ecosystem, one-time event that’s open to everyone. Designed with transparency and fairness at its core, the sale ensures no privileged access, no lock-ups or cliffs, and no convoluted mechanisms to artificially influence the token’s price. This approach not only promises an equitable opportunity for all participants but also secures them a meaningful stake in the success of TangleSwap.

A-to-Z Details

When: 21st December 2023, 4 pm UTC.
Where: Directly on TangleSwap’s Launchpad — a.k.a. the Investment Hub. The $VOID sale will happen on app.tangleswap.exchange/invest. Please bookmark this link for security, and ensure you access the sale only following our official public announcement on X/Twitter and Discord.
Amount: A total of 20,000,000 (20M) VOID tokens, representing 20% of the planned two-year supply, will be available, divided equally between the two ecosystems.
Details & Pricing: The sale process is designed to be beautifully transparent and straightforward.

Cardano Sale: Price Discovery

The first half of the sale, covering 10% of the total VOID supply, will take place on Cardano through a Fair Launch (a.k.a. Price Discovery) mechanism where, for 24 hours, participants will engage to determine the fair value of VOID.

Start of Cardano Sale: 21st December 2023, 4 pm UTC
End of Cardano Sale: 22nd December 2023, 4 pm UTC
Accepted Currency: $ADA
Minimum Total Raise: 1,000,000 ADA

IOTA Sale: Fixed-Price

Immediately after the Cardano sale, the IOTA/Shimmer ecosystem will host the second phase in the following 24 hours, for the remaining 10% of the VOID supply. This Fixed-Price sale will match the price established previously during the Cardano price-discovery phase.

Start of IOTA Sale: 22nd December 2023, 4 pm UTC
End of IOTA Sale: 23th December 2023, 4 pm UTC
Accepted Currency: $IOTA (will require bridging to Shimmer EVM)

💡 Note for the IOTA/Shimmer community: $VOID will serve as TangleSwap’s interim native token on the Shimmer network. This is a temporary arrangement, leading up to the final transition where $VOID tokens minted on IOTA will take over in terms of utility. These tokens will be exchangeable on a 1:1 basis, ensuring seamless integration and continuity.

Post-sale

All the VOID tokens will be available for holders — both in Cardano and IOTA/Shimmer — to claim immediately following the conclusion of the second half of the sale (Fixed-Price). Shortly after, a Concentrated Liquidity Pool will be initialized for both VOID/IOTA and VOID/ADA pairs, marking the next big step in our journey.

The Token Launchpad

The entire process is securely managed through TangleSwap’s self-custodial and fully permissionless Launchpad, known as the Investment Hub. This platform ensures that the sale process is decentralized and governed by Smart Contracts, with the distribution of funds occurring only after the sale is concluded. For those eager to learn more about the Investment Hub, we’ve compiled an array of resources to guide you:

Overview & Features
Step-by-step guide to the Investment Hub
Audit Report, by Zokyo (prev. audits include LayerZero, Aurora & more)

Overview: A Peek Into The VOID

If you’re encountering the $VOID token for the first time, it is essential to understand its pivotal role as the economic and governmental backbone of the TangleSwap protocol. Holding $VOID means more than ownership; it provides a tangible stake in the protocol’s success and a harmonious alignment among the interests of different participants.

Sustainable Growth and Utility: The Core of TangleSwap

TangleSwap stands out with its unique approach to growth, utility, and sustainability:

Buyback-and-Burn Blasters: Designed for sustainable growth, this mechanism funnels organic protocol revenue from 4 different sources — including token swaps — directly to buying back VOID from the open market and burning it permanently. By constantly reducing the circulating supply, it creates a continuous source of positive price pressure for the token.

VOID Energy (VE): Earned exclusively through staking $VOID tokens, VE has been specifically designed to act as a symbiotic, non-tradable decentralized reputation metric. It intricately links governance with the TangleSwap economy, driving forward the protocol’s mission to bring DeFi to the masses.

TangleSwap distinguishes itself with a trailblazing tokenomic model. Among the features described in our Whitepaper and Documentation, two items stand out in particular:

Seamless Omnichain Interoperability: By bridging previously isolated blockchain environments, VOID will act as an Omnichain Fungible Token (OFT Standard) to emerge as a key facilitator for cross-chain operations, providing users with a clean, low-entry-barrier DeFi experience.
Dynamic Minting: VOID’s emission rates adjust dynamically on a monthly basis, based on metrics from each of our ecosystems such as Total Value Locked (TVL) and Trading Volume. This adaptive strategy positions VOID as a hedged liquid index of promising ecosystems, akin to an S&P-like index.

💡 Investor Insight: TangleSwap’s strategic burn-and-mint mechanism presents a fluid, risk-optimized investment alternative to the traditional method of diversifying across individual ecosystem tokens.

Staking and Governance: The Pillars of VOID

Void Energy — TangleSwap’s non-transferable Decentralized Reputation System (akin to a traditional Credit Score) — is the powerhouse of enhanced utility within the protocol, and only obtainable by staking VOID. Exclusive benefits for VOID stakers include:

Governance: Shape the future of TangleSwap with your voice.
Staking Rewards: Earn VOID by engaging in the protocol.
Enhanced Yields in Concentrated ‘Smart’ Farms: Benefit from optimized liquidity-provisioning strategies.

Additionally, as the protocol evolves, expect to see a larger array of utilities for VE, such as exclusive Launchpad access and trading discounts, enhancing the framework of decentralized reputation.

Deepen Your Understanding of VOID

For a comprehensive insight into the economic model behind VOID, please check out the following resources:

VOID Overview & Distribution, including its dynamic omnichain minting mechanism and the Buyback-and-Burn Blasters.
VOID Utility and Relationship to VE — discover the uniqueness of TangleSwap’s Decentralized Reputation System.

VOID Supply & Distribution

The VOID token reaches a total emitted supply of 100 Million after a period of 2 years — however, the real circulating supply will be lower due to the buyback-and-burn program. Post this period, the emission rate will be democratically determined by decentralized token-holder governance.

The initial distribution of VOID is allocated as follows:

Core Contributor's supply is subject to a schedule of 6-month lock-up, 12-month linear vesting after TGE.

Protocol Incentives: Distributed among liquidity providers and token owners — via TangleSwap’s Concentrated Farms and VE Staking — to ensure robust liquidity for the DEX and alignment among all protocol participants.
Public Sale: No VCs, no exclusive pre-sale access. Just a one-time event accessible to everyone interested in becoming part of TangleSwap’s transformative journey.
Core Contributors: Allocated to the dedicated individuals who build and develop the core protocol, proportional to their contributions.
Community Airdrops: Exclusively disseminated through TangleSwap’s innovative Airdrop and Referral program, designed to catalyze growth.
Initial Protocol-Owned Liquidity (POL): Ensures a stable, foundational amount of liquidity to act as a buffer against volatility for early traders. This initial POL is fully owned by the protocol’s governance, thus providing a baseline revenue stream for all VOID token holders.

To finalize: a perfect summary of VOID’s vision, its potential, and the role it has within the protocol (as extracted from the TangleSwap Whitepaper):

‘’Recognizing that for a web3 platform to be successful it must live in symbiosis with its native token, TangleSwap has created an economy that truly intertwines its applications with the VOID token. The Void Energy reputation mechanism fulfills this ethos by unlocking numerous platform-wide benefits to reputable token holders, while fostering economic incentives that lead to multi-stakeholder alignment and maximization of platform success. Buy-&-Burn Blasters complement these mechanisms by fostering sustainable and organic token support. The end result is a token that represents the beating heart of the TangleSwap protocol — the fuel of our Tangleship — and a cornerstone of decentralized finance: $VOID.’’

Lastly, if you’d like to learn more please hop into our Discord for lively chats with our passionate community, dive into the depth of the TangleSwap Docs, and follow us on X/Twitter to stay updated — hit that notification bell so you won’t miss a beat!

See you at the $VOID public sale, this 21st of December at 4 pm UTC.