Jul 26, 2021
$MUL Token distribution
Multiple Protocol Token (MUL) is the native governance token of the Multiple Protocol. MUL is an ERC20 Token with supply capped at 100 million and is used for both protocol governance and as an incentive.
Learn how the MUL tokens are distributed:
Community incentives: 50%
Including but not limited to the following uses:
- Incentivize GPs and LPs;
- Facilitate liquidity farming, trade mining, and new strategy launches;
- Participate in community governance.
Fundraising: 16%
- Seed: 5%
- Private sale: 10%
- Public sale: 1%
Team and advisors: 15%
Used for the team of developers and advisors to vote, ensuring that the voice of the core team is strong enough in the early stage of protocol development.
Ecosystem development fund: 10%
Including but not limited to the following uses:
- Introduce new strategic partners, support applications within the MUL Protocol ecosystem, and leverage the community and resources in the future; — — Reward community volunteers. Once the Protocol goes live, tokens will be given out in batches to outstanding community volunteers through proposals and voting.
DAO Reserves: 9%
Including but not limited to the following uses:
- Make provisions of liquidity funds for the long-term development of the platform;
- Facilitate future development and on-chain governance of MUL.
About Multiple
Multiple Protocol is a Decentralized Finance (DeFi) protocol based on Ethereum that allows expert traders (GP) to provide professional AMM liquidity strategies, which in turn ensures users (LP) securely benefit from the best yielding products.
