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

FCA's Financial Crime Guidance Aims to Enhance Compliance for Crypto Firms

The FCA has released updated financial crime guidance for crypto businesses, including examples of good and poor practices for due diligence and transaction monitoring.

user avatarMohamed Farouk

Payward Gains Preliminary Approval for Digital Asset Operations in Kazakhstan

Payward has received in-principle approval from the Astana Financial Services Authority to operate a digital asset trading business in Kazakhstan.

user avatarTenzin Dorje

FCA Consults on Updated Financial Crime Guidance for Crypto Businesses

The Financial Conduct Authority (FCA) is consulting on updated financial crime guidance for crypto businesses, aiming to clarify expected controls and enhance compliance frameworks.

user avatarBayarjavkhlan Ganbaatar

SEC Prioritizes Tokenization in Fiscal 2027 Examination

The SEC has included tokenization among its examination priorities for fiscal 2027, focusing on the reliability of blockchain securities infrastructure.

user avatarElias Mukuru

Bitcoin Hashrate Surpasses One Zettahash

BlocksBridge reports that Bitcoin's seven-day hashrate has surpassed one zettahash per second for the week ending October 22, marking its highest level since March 3.

user avatarDiego Alvarez

Capital Research and Management Boosts Voting Stake in Metaplanet to 11.11%

Capital Research and Management has increased its voting stake in Metaplanet to 11.11% as of October 16, following a share buyback.

user avatarKenji Takahashi

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.