Merkle Trade Introduces Unique Token Launch Strategy

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Genesis Staking: A New Dimension for preMKL Holders
  2. Liquidity Bootstrapping Auction: A New Approach to MKL Token Pricing
  3. Choosing Your Strategy: Genesis Staking or LBA?


    4. Merkle Trade, the first gamified perpetual futures decentralized exchange based on Aptos, launches a Token Generation Event (TGE) featuring Genesis Staking and the Liquidity Bootstrapping Auction (LBA).

    Genesis Staking: A New Dimension for preMKL Holders

    Genesis Staking allows preMKL holders to earn USDC rewards while retaining their MKL tokens. These rewards come from a portion of the protocol’s revenue, and include access to a special reward pool of up to $200,000. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.

    Liquidity Bootstrapping Auction: A New Approach to MKL Token Pricing

    The Liquidity Bootstrapping Auction (LBA) offers users the opportunity to deposit USDC and/or preMKL over a seven-day period, during which the ratio between the two assets will determine the initial launch price of the MKL token. Participants receive MKL-USDC LP tokens with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.

    Choosing Your Strategy: Genesis Staking or LBA?

    Participants can choose between Genesis Staking and LBA based on their financial goals. Both options provide unique opportunities for earning rewards and managing their positions optimally.

    Merkle Trade offers users diverse strategies for participating in the TGE, providing unique opportunities for earning and managing MKL tokens. Users can select the most suitable path based on their individual objectives.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Acts Against MEXC Global for Illegal Transactions.

The US Treasury's FinCEN has issued a measure prohibiting US financial institutions from processing transfers involving MEXC Global due to $16 billion in illicit transactions linked to sanctions evasion and cybercrime.

user avatarSatoshi Nakamura

Yaroch's Theft Compromises Investigations and Raises Security Concerns

Yaroch's fraudulent activities compromised investigations and raised security concerns regarding cryptocurrency managed by government agencies.

user avatarJesper Sørensen

Former FBI Agent Admits to Stealing $25 Million in Cryptocurrency

Former FBI agent Patrick Steven Yaroch pleaded guilty to stealing nearly $25 million in cryptocurrency from federal investigations, compromising sensitive operations.

user avatarRajesh Kumar

Labor Department Submits Crypto Retirement Rule for Review

The Labor Department's proposal includes guidelines for evaluating cryptocurrencies as investment options.

user avatarLucas Weissmann

Political Opposition to Crypto in Retirement Plans

Lawmakers express concerns over the risks of including cryptocurrencies in retirement savings.

user avatarEmily Carter

Trump Administration Proposes Crypto Inclusion in Retirement Plans

The US Department of Labor has proposed a regulatory framework to include cryptocurrencies in 401k plans, potentially opening a $10 trillion retirement market, pending White House approval.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.