$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, GOLD, SILVER, USDC, and EURS.
This approach offers investors a balanced asset selection influenced by cryptocurrencies, metals, and fiat currencies.
Asset ID: 1182620971
This approach offers investors a balanced asset selection influenced by cryptocurrencies, metals, and fiat currencies.
Asset ID: 1182620971
TOKENOMICS
The maximum total supply of $MIT is 1,000,000 tokens with fractional tokens down to the thousandth (3 decimals).
Since 2024, 772,745 ($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 gradually added to liquidity pools (LPs), while the remaining portion will be released as staking rewards.
The initial distribution phase ends in February 2025. During this phase, you can earn $MIT by staking the $ALGO/$MIT liquidity pool (farming) and/or by staking $BTC on Cometa.
Since 2024, 772,745 ($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 gradually added to liquidity pools (LPs), while the remaining portion will be released as staking rewards.
The initial distribution phase ends in February 2025. During this phase, you can earn $MIT by staking the $ALGO/$MIT liquidity pool (farming) and/or by staking $BTC on Cometa.