- Subscription period will begin on June 14
- Binance will list MAV when the token has sufficient liquidity
- Trading date and time unknown
Cryptocurrency exchange Binance has announced its 34th luncheonfall in the platform’s history. Maverick (MAV) is a DEX that provides an opportunity for liquidity providers to achieve high capital efficiency on their chosen liquidity delivery strategy (LP).
The Maverick (MAV) Tokensale will be in a subscription format. The exchange will register the balances of BNB and TUSD on the balances of users for 25 days from 2023-06-14 00:00 (UTC). During this period, a snapshot of user balances and total pool balances will be created every hour to calculate remuneration, which will also be updated every hour. The feature is that participants will be able to accumulate their rewards, which are calculated every hour, and claim them on their spot accounts whenever they want.
After MAV’s liquidity meets the requirements, Binance plans to list it as an asset and begin trading in MAV/BTC, MAV/USDT and MAV/TUSD pairs.. Specific date and time of auction will be announced as soon as the information is available.
Main info:</nbsp;
- Total token offer: 2,000,000,000,000,000,000,000 MAV
- Launchpool Fee: 30,000,000 (1. 5% of total token offer.5% of total token offerings)
- Initial negotiable offer: 250,000,000,000 (12.5% of total token offerings)
- Stacking conditions: No upper limit, KYC required;
Supported pools:
Stacking BNB: 24,000,000,000 MAV (80%)
Stacking TUSD: 6,000,000,000 MAV (20%)