Tokenomics
Last updated
Last updated
Name: MerlinSwap Token
Ticker: MP
Chain: Merlin
Total Supply (Max): 21,000,000,000 MP
MP contract address: 0xbd40c74cb5cf9f9252B3298230Cb916d80430bBa
esMP contract address: 0x7126bd63713A7212792B08FA2c39d39190A4cF5b
Public Sale (6%)
6% of tokens will be allocated to the public sale. This ensures a wide distribution of the tokens and active participation in the ecosystem development by Merlin native token holders.
Distribution schedule:
- Lockup: none
- Vesting: none
Airdrop (20%)
The remaining 16% of the esMP token will be used to allocate to Merlin ecosystem partners and its users in the following rounds.
Distribution schedule:
- Lockup: unlocking 2% every 3 months
- Vesting: linear, 30 days
Trading Rewards (24%)
24% of tokens will be allocated to the trading reward. The Trade-to-Earn program allows users to earn extra rewards while continuing the usual trading activities. This program isn't just a one-time event but a continuous, 12-month earning opportunity. The reward will be distributed in the form of esMP tokens, rather than MP tokens directly.
Distribution schedule:
- Lockup: none
- Vesting: 12 months
Merlinswap Treasury & LP (33%)
33% of tokens will be allocated to the MerlinSwap Treasury, which ties the value of the MP token to MerlinSwap itself. The accumulated fees may be used to fund development, manage the token supply through buy-backs, or other initiatives that support the long-term health of the protocol. Part of the tokens in the treasury were also distributed via mining, farming and other liquidity incentivization schemes to boost the protocol's long term growth.
Distribution schedule:
- Lockup: 1 month cliff
- Vesting: linear, 48 months
Genesis Liquidity Treasury (9%)
9% of the initial token supply will be paired with BTC and other selected ranges and deposited as liquidity to support MP swaps at launch. 4% of the initial token will be used for long-term market making.
Distribution schedule:
- Lockup: none
- Vesting: none
Marketing (2%)
2% of tokens will be allocated to the MerliSwap marketing expansion activities, including marketing campaigns and eco collaborations.
Distribution schedule:
- Lockup: none
- Vesting: linear, 30 days
MerlinSwap Team (6%)
MerlinSwap contributors will receive 6% of the tokens, strongly incentivizing them to seek the long-term health of the protocol and overall ecosystem.
Distribution schedule:
- Lockup: 12 months
- Vesting: 12 months
Conclusion
This token model is created to bootstrap the MerlinSwap ecosystem with well-aligned incentives for key stakeholders and traders.
The Community has been allocated 20% of the token supply. Merlinswap wouldn’t be possible without a thriving community of supporters. 4% of this allocation will be unlocked at TGE and will be distributed during the initial phases of the TGE, including the TGE-related airdrop (and related activities). Click to learn more details!
