{"id":170697,"date":"2024-08-29T16:25:09","date_gmt":"2024-08-29T16:25:09","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=170697"},"modified":"2024-08-29T16:27:38","modified_gmt":"2024-08-29T16:27:38","slug":"merkle-trade-launches-token-generation-event-promises-huge-rewards-with-mkl-and-genesis-staking","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/merkle-trade-launches-token-generation-event-promises-huge-rewards-with-mkl-and-genesis-staking\/","title":{"rendered":"Merkle Trade Launches Token Generation Event: Promises Huge Rewards with MKL and Genesis Staking"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul style=\"text-align: justify\">\n<li><strong>Merkle Trade launches its Token Generation Event (TGE)<\/strong> with dual rewards through Genesis Staking and Liquidity Bootstrapping Auction (LBA).<\/li>\n<li>Genesis Staking, with over 3 million preMKL tokens committed, <strong>offers rewards in USDC and access to a special reward pool.<\/strong><\/li>\n<li>The 7-day Liquidity Bootstrapping Auction (LBA) allows users to <strong>set the price of the MKL token and receive MKL-USDC LP tokens.<\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Merkle Trade<\/strong>, the innovative decentralized perpetual futures platform based on the <strong><a href=\"https:\/\/crypto-economy.com\/what-is-aptos\/\" target=\"_blank\" rel=\"noopener\">Aptos<\/a> blockchain<\/strong>, <strong>has launched its Token Generation Event (TGE) sequence<\/strong>. Participants will be able to earn dual rewards through Genesis Staking and a Liquidity Bootstrapping Auction (LBA). With this initiative, the platform aims to strengthen its ecosystem and attract new users.<!--more--><\/p>\n<p style=\"text-align: justify\">Genesis Staking, designed for pre-existing MKL holders, <strong>allows users who already have preMKL tokens to stake them in exchange for rewards in USDC<\/strong>. The phase has been highly successful since its launch on July 25, with over 3 million preMKL tokens committed in this mode. Additionally, participants have <strong>access to a special reward <a href=\"https:\/\/crypto-economy.com\/investments-liquidity-pools\/\" target=\"_blank\" rel=\"noopener\">pool<\/a><\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The LBA has arrived \ud83c\udf32<\/p>\n<p>That\u2019s the tweet. <a href=\"https:\/\/t.co\/FHalcXpUKq\" target=\"_blank\">pic.twitter.com\/FHalcXpUKq<\/a><\/p>\n<p>&mdash; Merkle Trade \ud83c\udf32 (@Merkle_Trade) <a href=\"https:\/\/twitter.com\/Merkle_Trade\/status\/1829127550624510330?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">In parallel, Merkle Trade has launched the Liquidity Bootstrapping Auction (LBA), which lasts for <strong>7 days<\/strong> and is designed to allow both veteran and new users to <strong>interact with the platform and gain additional benefits<\/strong>.<\/p>\n<h2 style=\"text-align: justify\">Merkle Trade Aims to Lead Its Field<\/h2>\n<p style=\"text-align: justify\">During the auction, participants can <strong>deposit USDC and\/or preMKL<\/strong> tokens to set the initial price of the MKL token. In return, they will <strong>receive MKL-USDC LP tokens<\/strong>, which entitle them to dual rewards: a share of 1% of the total MKL supply and a portion of the transaction fees generated by the pool.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-170698\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/merkle-post.jpg\" alt=\"merkle trade post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/merkle-post.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/merkle-post-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/merkle-post-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h3 style=\"text-align: justify\">Million-Dollar Backing for the Platform<\/h3>\n<p style=\"text-align: justify\">Merkle Trade <strong>has raised $2.1 million<\/strong> thanks to contributions from investors such as Hashed and Arrington Capital. This financial support represents a bet on the project&#8217;s potential to become a leading hub for decentralized leveraged trading. <strong>With a focus on user-friendliness, advanced trading tools, social features, security, and decentralization<\/strong>, the platform aspires to position itself as an absolute leader in its field.<\/p>\n<p style=\"text-align: justify\">The TGE sequence is part of a plan developed to encourage participation and growth of the <a href=\"https:\/\/merkle.trade\/\" target=\"_blank\" rel=\"noopener\"><strong>platform<\/strong><\/a>, providing multiple ways for users to get involved and benefit from its development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Merkle Trade launches its Token Generation Event (TGE) with dual rewards through Genesis Staking and Liquidity Bootstrapping Auction (LBA). Genesis Staking, with over 3 million preMKL tokens committed, offers rewards in USDC and access to a special reward pool. The 7-day Liquidity Bootstrapping Auction (LBA) allows users to set the price of the MKL &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Merkle Trade Launches Token Generation Event: Promises Huge Rewards with MKL and Genesis Staking\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/merkle-trade-launches-token-generation-event-promises-huge-rewards-with-mkl-and-genesis-staking\/#more-170697\" aria-label=\"More on Merkle Trade Launches Token Generation Event: Promises Huge Rewards with MKL and Genesis Staking\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":170699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5577,4620,4656],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/170697"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=170697"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/170697\/revisions"}],"predecessor-version":[{"id":170701,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/170697\/revisions\/170701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/170699"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=170697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=170697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=170697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}