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. To align with the broader ecosystem's efforts in staking $ALGO and securing the blockchain, we are transitioning from solely staking $MIT to earn true yield to staking $MIT/xALGO.
The only way to earn and farm $MIT is by staking your $ALGO in our Striker Swap Reti Staking Pool. This approach ensures a fair distribution while actively participating in consensus and enhancing the security of the Algorand protocol.

$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

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.