List of Maple Token (MPL) currency issuance and listed trading platforms

Maple Token (MPL), the governance token enabling user participation and reward earning on the Maple Finance lending platform, is available for purchase and trading on major cryptocurrency exchanges.

Dec 30, 2024 at 04:34 pm

Key Points

• Maple Token (MPL) is a governance token that powers the Maple Finance protocol, a decentralized lending platform.
• MPL enables holders to participate in the governance of the protocol, including voting on platform parameters and upgrades.
• MPL can be used to pay for platform fees, such as loan origination and interest payments.
• MPL can be staked to earn rewards in the form of additional MPL tokens.

Currency Issuance

• Maple Token (MPL) was created through a fair launch on March 10, 2022.
• A total of 1 billion MPL tokens were minted at genesis, with no pre-sale or private sale.

• The MPL token distribution is as follows:

  • 51% to the community through liquidity mining
  • 19% to the Maple Finance treasury
  • 15% to the Maple Labs team
  • 10% to strategic partners and advisors
  • 5% to early lenders

Listed Trading Platforms

• Maple Token (MPL) is currently listed on several major cryptocurrency exchanges, including:

  • Binance
  • Coinbase
  • FTX (temporarily paused due to bankruptcy)
  • Gemini
  • Kraken

Step-by-Step Guide on Maple Token (MPL)

1. Acquire MPL Tokens

• Purchase MPL tokens on one of the listed trading platforms.
• Participate in liquidity mining to earn MPL tokens.

2. Participate in Governance

• Stake MPL tokens to gain voting power in the Maple Finance protocol.
• Participate in discussions and vote on platform parameters and upgrades.

3. Pay Platform Fees

• Use MPL tokens to pay for loan origination fees and interest payments.
• This helps to reduce the cost of borrowing and lending on the Maple Finance platform.

4. Stake MPL Tokens

• Stake MPL tokens to earn rewards in the form of additional MPL tokens.
• The staking program is designed to incentivize participation in governance and support the long-term growth of the protocol.

FAQs

1. What is the purpose of the Maple Finance protocol?
The Maple Finance protocol is a decentralized lending platform that connects borrowers with lenders. It allows borrowers to access capital without the need for intermediaries and lenders to earn competitive interest rates on their investments.

2. How do I use MPL tokens?
MPL tokens can be used for the following purposes:

* Participating in governance
* Paying platform fees
* Staking to earn rewards

3. What is the value of MPL tokens?
The value of MPL tokens is determined by market supply and demand. It is influenced by factors such as the adoption of the Maple Finance protocol, the demand for MPL tokens for governance and fee payments, and the overall sentiment in the cryptocurrency market.

4. Where can I store MPL tokens?
MPL tokens can be stored in any wallet that supports ERC-20 tokens.