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:

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.

Official Links

Website / Discord / Telegram / Twitter / Whitepaper



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