Merkle Trade Launches TGE Sequence with Genesis Staking and LBA

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of TGE Sequence
  2. Genesis Staking
  3. Liquidity Bootstrapping Auction (LBA)


    4. Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) on the Aptos blockchain, has announced the launch of its Token Generation Event (TGE) Sequence featuring Genesis Staking and the Liquidity Bootstrapping Auction (LBA).

    Launch of TGE Sequence

    Running from August 29 to September 5, the LBA offers early users exclusive USDC rewards for extended staking. Merkle Trade stands out from other perpetual DEXes with its focus on making trading accessible and enjoyable, allowing traders to start with as little as $2 in collateral and enjoy gas-free transactions and one-click trading. The project has achieved over $12.9 billion in cumulative trading volume and attracted more than 124,500 traders.

    Genesis Staking

    Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards sourced from a portion of the protocol’s revenue. Additionally, a special reward pool of up to $200,000 is available. To date, over 3 million preMKL tokens have been staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the token launch.

    Liquidity Bootstrapping Auction (LBA)

    The LBA provides an opportunity for users to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial MKL token launch price. Participants receive MKL-USDC LP tokens in return, with dual rewards including a share of 1% of the total MKL supply and trading fees generated by the pool.

    Participants in the TGE Sequence are encouraged to carefully consider their financial goals and the benefits of each option. Both Genesis Staking and the LBA offer valuable opportunities, allowing users to choose strategies that best fit their 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

Bitcoin's Price Volatility Linked to Federal Reserve's Interest Rate Decisions

Bitcoin's price volatility is influenced by the Federal Reserve's interest rate decisions, with current prices around $80,000 after a turbulent week.

user avatarDavid Robinson

Liquidity Concerns Pressure Datavault AI's Financial Outlook

Datavault AI is reassessing its liquidity and financing requirements following the Bitcoin access issues.

user avatarJacob Williams

Datavault AI Faces Major Investor Backlash Over Bitcoin Access Issues

Datavault AI's shares dropped nearly 50% due to issues accessing Bitcoin linked to a $150 million investment agreement.

user avatarSon Min-ho

Third-Party Bitcoin Custody Raises Concerns for Datavault AI

The reliance on third-party custody for Bitcoin transactions has come under scrutiny following Datavault AI's withdrawal issues.

user avatarZainab Kamara

Accounting Corrections Could Significantly Impact Datavault AI's Financial Statements

Accounting corrections could significantly impact Datavault AI's financial statements due to misclassification of Bitcoin assets.

user avatarAndrew Smith

JP Morgan Integrates JPM Coin with Ethereum Blockchain

JP Morgan announced the integration of its JPM Coin deposit token with the Ethereum blockchain, extending its services to eligible institutional clients.

user avatarAyman Ben Youssef

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.