Mercury Index
A Token With Purpose
The Mercury Index Token ($MIT) leverages Algorand's blockchain to offer a decentralized staking solution that bridges digital investments with real-world assets. Users staking $MIT can earn yields influenced by the token’s price: lower prices offer higher returns, while higher prices reduce yields. This system ensures unrestricted access to yield generation, promoting long-term growth and stability within the Algorand ecosystem.
$MIT launched with a fair distribution process. To obtain your free $MIT, visit Cometa and search for MIT on the farming and staking pages. You can participate by either farming the MIT/ALGO pair or by staking $BTC.
$MIT
Mercury Index Token is an asset that proportionally reflects the financial progress of Mercury Striker within and beyond the Algorand ecosystem through Algorand's decentralized exchanges. Algorand DEXs provide a top-notch user experience. By utilizing these DEXs, $MIT benefits from automated market making.
In addition to trading, the price of $MIT is determined by our liquidity pools (LPs). It is designed to reflect changes in the prices of real-world assets (RWAs). For this reason, we exclusively pair $MIT with RWAs and $ALGO and do not recommend adding LPs beyond the pairs we have established. We strongly encourage liquidity providers to participate through the existing pairs. Our goal is to pair $MIT with ALGO, BITCOIN, Tokenized GOLD & SILVER, USDC, and EURS.
This approach offers traders a balanced asset selection influenced by cryptocurrencies, tokenized metals, and fiat currencies.
Asset ID: 1182620971
This approach offers traders a balanced asset selection influenced by cryptocurrencies, tokenized metals, and fiat currencies.
Asset ID: 1182620971
Tokenomics
Circulating Supply: 227,300.000 (22.73%) --- Total Supply: 1,000,000.000 --- Locked Supply: 772,700
772,745 ($MIT) — or 77.27% — has been locked in a trustless vault on vestige.fi. This vault will annually unlock 77,275 $MIT over the next 10 years, with the full amount unlocked by 2034. $MIT will be in full circulation by 2035.
Part of the unlocked supply will be proportionally designated to liquidity pools (LPs) and staking rewards.
The initial distribution phase ends in February 2025.
772,745 ($MIT) — or 77.27% — has been locked in a trustless vault on vestige.fi. This vault will annually unlock 77,275 $MIT over the next 10 years, with the full amount unlocked by 2034. $MIT will be in full circulation by 2035.
Part of the unlocked supply will be proportionally designated to liquidity pools (LPs) and staking rewards.
The initial distribution phase ends in February 2025.