Mercury Index
A Token With Purpose
By staking $MIT, users have the opportunity to earn real-world assets, bridging the gap between digital investments and tangible returns. The Mercury Index is designed to leverage Algorand's secure and efficient blockchain technology, providing a reliable and innovative staking option within the Algorand ecosystem.
The Mercury Index Token ($MIT) offers a decentralized financing solution for projects and users on Algorand, enabling them to earn less volatile assets. The yield generated from staking $MIT is directly tied to the token’s price. As such, when $MIT's price is high, yields decrease, and when its price is low, yields increase. This dynamic provides stakers with the opportunity to secure higher returns when entering at lower price points. Additionally, early stakers benefit from potential price appreciation, even with reduced yields, offering a balanced incentive structure that rewards both early adopters and new participants.
Buying and staking $MIT functions as a gateway, granting access to yield generation with no conditions or restrictions. This approach aligns with $MIT’s core vision of providing decentralized financing options within the Algorand ecosystem. By tying yields to the token's price, $MIT incentivizes both early and late participants, offering higher returns at lower entry prices while allowing early stakers to benefit from potential price appreciation. This strategy ensures a more stable and predictable yield, promoting long-term engagement and growth.
The Mercury Index Token ($MIT) offers a decentralized financing solution for projects and users on Algorand, enabling them to earn less volatile assets. The yield generated from staking $MIT is directly tied to the token’s price. As such, when $MIT's price is high, yields decrease, and when its price is low, yields increase. This dynamic provides stakers with the opportunity to secure higher returns when entering at lower price points. Additionally, early stakers benefit from potential price appreciation, even with reduced yields, offering a balanced incentive structure that rewards both early adopters and new participants.
Buying and staking $MIT functions as a gateway, granting access to yield generation with no conditions or restrictions. This approach aligns with $MIT’s core vision of providing decentralized financing options within the Algorand ecosystem. By tying yields to the token's price, $MIT incentivizes both early and late participants, offering higher returns at lower entry prices while allowing early stakers to benefit from potential price appreciation. This strategy ensures a more stable and predictable yield, promoting long-term engagement and growth.
$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.