Contango Protocol

Contango DeFi protocol allows users to create leveraged positions that resemble perpetual futures contracts but have lower funding costs. It functions by automating a "looping" strategy, which includes lending and borrowing on the money and spot markets in a looping way. This enables users to trade in different assets across several blockchain networks, either long or short.

Contango Protocol enables trading crypto on any blockchain that provides a spot market and a lending market. By combining the liquidity of the money and spot markets, Contango gives users access to deep liquidity and delivers some of the most affordable and reliable financing rates available.

The team of Contango Protocol announced an airdrop for users, allocating 18.2% $TANGO tokens from the total supply. Users can earn points for holding open leverage positions and trading volume.

🤑Native token of the Contango Protocol is - $TANGO. The token has several utility options:

• Governance. Token holders can participate in the decision-making process.
• Fees and Rewards. Users can pay fees on the platform and get rewards in $TANGO.
• Staking and Liquidity. $TANGO holders can stake (lock up) tokens to earn additional rewards.
  
   

The CoinLaunch team analyzed Contango Protocol and identified some pros and cons to consider before participating in the project airdrop or purchasing $TANGO tokens: 

✅ Contango Protocol pros: 

• Low FDV (45M);
• Low Inflation Rate (less than 12.5% per year);
• Confirmed Airdrop;
• Good PR performance and Growth Marketing; 
• Has several public Security Audits; 
• Not bad SMM;
• Has reputable Tier 1 backers;
• Experienced CEO with background from Tier 1 companies (VISA). 

📛 Contango Protocol cons: 

• Bad Influencer Performance;
• No roadmap;
• Weak SEO and Marketing Infrastructure;
• Not all core team members have a top-tier background.