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

Bybit Partners with Franklin Templeton for Innovative Off-Exchange Collateral Program

Bybit partners with Franklin Templeton to allow institutional traders to use tokenized fund shares as collateral without depositing them on the exchange.

user avatarTando Nkube

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

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.