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

US Treasury Department Moves to Cut MEXC Global from Financial System

The US Treasury Department has taken action against MEXC Global, a cryptocurrency exchange, to sever its ties with the American financial system due to accusations of facilitating over $16 billion in illicit transactions linked to Iran, North Korea, and Russia.

user avatarLucas Weissmann

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

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.