Moonlit Finance $MLIT Token Metrics
Ahead of our Moonlit Farm launch, we want to introduce the token metrics for Moonlit’s platform token $MLIT prior to the yield-farming pools launch.
$MLIT will primarily be used as the liquidity mining rewards aka yield-farming rewards for Moonlit pools. Existing Convergers with ConvPool staking would also receive $MLIT tokens in the future airdrop events.
Please note that $MLIT tokens are on Moonriver Network while $CONV tokens will be bridged over from Ethereum to Moonbeam Network in 2022 when Moonbeam mainnet is deployed.
At a Glance
Token Ticker: MLIT
Total Supply: 1,000,000,000
Initial Liquid Tokens: 50,000,000
Initial Market Price: 0.01 USD
Token Allocation by Percentage
Liquidity Mining: 80% of the tokens will be allocated as the Moonlit yield-farming rewards to incentivize liquidity providers
Community: 5% of the tokens will be allocated to sustain an organic community growth for user acquisition, engagement and management on the protocol
Development: 5% of the tokens will be allocated for the continuous development of the protocol and development programs for long term longevity
Initial Liquidity: 5% of the tokens will be allocated for the liquidity bootstrapping during the initial farm launch
Airdrop: 5% of the tokens will be allocated for future airdrop events or campaigns for Convergers and Moonlit users
4-Year Circulating Supply Release
Token Unlock and Vesting Schedule:
- Liquidity Mining: 0% unlocked at listing. Monthly vesting for 4 years.
- Community: 0% unlocked at listing. Monthly vesting for 4 years.
- Development: 5 months cliff. Quarterly vesting for 2 years.
- Initial Liquidity: 100% unlocked at listing.
- Airdrop: 3 months cliff. Monthly vesting for 3 months.
Stay tuned for our upcoming Moonlit farm launch and add liquidity now to get ready and farm $MLIT tokens: https://moonlit.finance/
About Moonlit Finance
Moonlit is a cross-chain AMM powered by Moonriver, Ethereum-compatible smart contract parachain on Kusama. Moonlit is built by Convergence to serve as a standalone explorative product suite on Moonriver Network for Convergence’s cross-chain compatibility with the Polkadot ecosystem on Moonbeam Network. View here for a detailed elaboration.
About Convergence Finance
Convergence is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.