Singapore, Singapore, August 29th, 2024, Chainwire

Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) based on Aptos, a secure, scalable, and feature-rich Layer-1 blockchain, is introducing its Token Generation Event (TGE) Sequence, featuring both Genesis Staking and a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade builds on the success of Genesis Staking that began July 25th and launches its LBA from August 29th to September 5th.

The LBA offers early users exclusive USDC rewards for extended staking. Merkle Trade stands out among perpetual DEXes due to its focus on accessible and enjoyable trading experiences for all, including casual traders. Users can begin trading perpetual futures with as little as $2 in collateral, enjoying gas-free transactions and seamless user experiences with 1-click trading. This user-friendly structure has driven rapid growth, surpassing $12.9 billion in cumulative trading volume and attracting over 124,500 traders, making it one of the top fee-generating protocols on Aptos.

The project has introduced a unique TGE Sequence with Genesis Staking and the LBA, providing diverse strategies to secure MKL tokens, manage positions, and earn rewards for both existing users and newcomers.

Genesis Staking

Genesis Staking allows preMKL holders to keep their MKL tokens while earning USDC rewards, sourced from the protocol’s revenue. It provides access to a reward pool with up to $200,000 in benefits. Over 3 million preMKL tokens have been staked for an average of more than 20 weeks, comprising over 22% of the circulating supply at the token launch.

Liquidity Bootstrapping Auction (LBA)

The LBA enables existing users and newcomers to deposit USDC and/or preMKL over a 7-day period, establishing the MKL token’s initial launch price. Participants receive MKL-USDC LP tokens with dual rewards: a share of 1% of the total MKL supply and trading fees generated by the pool.

Users are encouraged to evaluate their financial goals and the unique benefits of each TGE Sequence option. Both Genesis Staking and LBA are tailored to offer valuable opportunities, allowing users to select the best path for their individual objectives. To aid in decision-making, the team has provided an $MKL TGE Cheatsheet with clear guidance.

For further details and LBA participation updates, users are encouraged to follow Merkle Trade’s official channels (X, Discord, dApp).

About Merkle Trade

Merkle Trade is the first gamified perpetual futures decentralized exchange (DEX) on Aptos. It offers omnichain support, including EVM wallet integration via LayerZero. Backed by major investors like Hashed and Arrington Capital, Merkle Trade combines a high-performance, secure perpetual DEX with engaging, social elements from popular online and RPG games, making directional bets on volatile assets enjoyable for everyone while lowering entry barriers for crypto trading.

About Aptos Network

Aptos is a secure, scalable, and feature-rich L1 blockchain preferred by developers and users, delivering superb performance, high throughput, and low latency. It is the first blockchain to utilize the Move programming language, designed for simplicity and optimal builder experience. Aptos is the go-to choice for next-gen use cases and real-world applications.

Contact: COO YK
yk@tauruslabs.xyz

This article was originally published on Chainwire.