Merkle Trade launches Token Generation Event Sequence with Genesis Staking and Liquidity Bootstrapping Auction.

From Investing.com

August 29, 2024 09:30 AM:

Merkle Trade, a gamified perpetual futures DEX on Aptos blockchain, introduces Token Generation Event (TGE) Sequence with Genesis Staking and Liquidity Bootstrapping Auction (LBA) until September 5th. Offering exclusive USDC rewards for staking, Merkle Trade allows trading with low collateral, gas-free transactions, and 1-click trading, resulting in $12.9 billion trading volume and 124,500 traders.

The TGE Sequence includes Genesis Staking for preMKL holders to earn USDC rewards and access a special reward pool. Over 3 million preMKL tokens have been staked for an average of 20 weeks, representing 22% of circulating supply. LBA lets users deposit USDC or preMKL over 7 days to determine MKL token’s initial launch price and receive MKL-USDC LP tokens with dual rewards.

Participants are advised to evaluate financial goals and benefits of Genesis Staking and LBA in the TGE Sequence to align with individual objectives. With guidance available through the $MKL TGE Cheatsheet, users can make informed decisions on participating in the LBA. Stay updated on Merkle Trade’s official channels for more details on participation.

Read more at Investing.com: Merkle Trade, Gamified Perp DEX on Aptos, Launches TGE Sequence By Chainwire