mStable (MTA) to release its token on July 15th. A DeFi startup mStable will launch its protocol token Meta (MTA) on Balancer at approximately 14:00 UTC on Wednesday, July 15th 2020. Following a new trend instead of public fundraising or IEO the startup will deposit 2.6M MTA tokens and $400K mUSD into the liquidity pool. The market will be mUSD/MTA. This represents an initial liquidity pool price of $0.15 mUSD/MTA, which implies a fully diluted MTA market capitalisation of US$15 million.
At the moment mStable distributing 50K MTA weekly to its liquidity providers. A total of 20% (20M MTA) of total supply will be distributed during 5 years to those who provide resources to bootstrap the minting of mStable assets. A total value of around $18M mUSD has already been minted.
At the moment mStable distributing 50K MTA weekly to its liquidity providers. A total of 20% (20M MTA) of total supply will be distributed during 5 years to those who provide resources to bootstrap the minting of mStable assets. A total value of around $18M mUSD has already been minted.