Mintlayer announced that around 40% of the total supply of the Launchpool platform's utility token ($LPOOL) was staked to gain access to a share of the Mintlayer allocation on offer. That is about 3.9 million $LPOOL tokens with a value of
The $MLT coin is the governance token of the Mintlayer protocol, which is a Bitcoin sidechain designed for asset tokenization, and DEX. Thanks to Mintlayer, peer-to-peer atomic swap exchanges are possible with BTC directly. And no native gas token is required, since fees can be paid in any token issued on Mintlayer, for instance any stablecoin.
The Mintlayer seed round began in
In order to fund an ecosystem of dApps and projects on Mintlayer, including the porting of successful projects from other blockchains, funds are currently being raised both with the Fair sale and a new Strategic round of private sale.
RBBLab is coordinating the open source development of the Mintlayer project, currently employing 13 full time devs. The company is looking to collaborate with accelerators and incubators to support the next wave of innovators building on the Mintlayer protocol, setting up an "ecosystem fund" https://www.mintlayer.org/ecosystem/ for a
"We aim to grow a broad crypto community who is waking up to the potential of a
Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start to life, maximizing their chances for success in this fast-moving and dynamic space. Launchpool's three pool structure ensures whales don't take all the allocation, supporting true decentralization, so the platform is a great match for Mintlayer.
Launchpool Co-Founder and CEO
"We have been following Mintlayer for some time and have been extremely impressed with the success of the project so far. We are very excited to be offering
What's next
Those that staked their $LPOOL tokens into Mintlayer allocation mining pools on launchpool.xyz can now pay for their allocation before the cut-off point on Wednesday 1st December.
For those wishing to participate in any future raises, Mintlayer core contributors advise following their Twitter or Telegram community. Soon, a small allocation of $MLT will be available to the public on launch.mintlayer.org in order to provide another opportunity for people who missed the sale on Launchpool. This will likely be the last opportunity to buy $MLT in presale before the public sale.
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