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What is the issuance amount of Maple Token (MPL)?

The Maple protocol has allocated 25% of its 1 billion MPL tokens to its community and ecosystem to foster long-term engagement and growth.

Dec 26, 2024 at 10:10 am

Key Points

Issuance Amount: 1 billion MPL tokens
Token Distribution: 5% seed round, 15% strategic round, 20% team allocation, 20% Maple core team, 25% community and ecosystem, 15% reserve

Detailed Explanation

1. Token Issuance

The total issuance amount of Maple Token (MPL) is 1 billion tokens. These tokens are used to govern the Maple protocol, provide liquidity to borrowers on the platform, and facilitate various operations within the ecosystem.

2. Token Distribution

The MPL tokens are distributed as follows:

Seed Round: 50 million tokens (5%)
- This round was conducted among early investors who believed in the Maple platform's potential.
Strategic Round: 150 million tokens (15%)
- This round involved strategic partners who bring expertise and connections to the protocol.
Team Allocation: 200 million tokens (20%)
- This allocation is dedicated to the core team behind the Maple protocol, which includes engineers, researchers, and business developers.
Maple Core Team: 200 million tokens (20%)
- This allocation is reserved for the Maple Core Team, which oversees the overall development and governance of the protocol.
Community and Ecosystem: 250 million tokens (25%)
- These tokens are allocated to the broader Maple community, including lenders, borrowers, and developers who contribute to the platform. This allocation ensures that the community has a significant stake in the success of the protocol.
Reserve: 150 million tokens (15%)
- This allocation is set aside for future developments and emergencies within the Maple ecosystem. It provides the protocol with flexibility to address unforeseen challenges or opportunities.

FAQs

Q: What is the purpose of Maple Token (MPL)?
A: MPL is a utility token used for governance, liquidity provision, and facilitating operations within the Maple protocol.

Q: How can I obtain MPL tokens?
A: MPL tokens can be acquired through participating in liquidity pools, lending to borrowers on the platform, and participating in the Maple community.

Q: What is the circulating supply of MPL tokens?
A: The circulating supply of MPL tokens is the portion of the total issuance amount that is currently in circulation. This supply varies over time based on token issuance, lock-ups, and other factors.

Q: What is the market capitalization of Maple Token (MPL)?
A: The market capitalization of MPL is calculated by multiplying the circulating supply by the current market price of the token. It is a measure of the total value of the MPL tokens in circulation.

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