Binance, a prominent cryptocurrency exchange, has recently unveiled its 34th project on Binance Launchpool called Maverick Protocol (MAV). The platform aims to provide liquidity providers with the means to achieve high capital efficiency by implementing their desired Liquidity Providing (LP) strategies. The Launchpool for MAV is set to commence soon, with the webpage expected to be accessible approximately four hours before the launch.
To participate in the project, users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools. This will allow them to farm MAV tokens over a 25-day period starting from June 14, 2023, at 00:00 (UTC) and will conclude on July 8, 2023, at 23:59 (UTC).
Once the liquidity requirements are met, Binance plans to list the MAV token and enable trading with MAV/BTC, MAV/USDT, and MAV/TUSD trading pairs. The exact date and time of the listing will be announced at a later stage. Notably, users will be able to trade the MAV/TUSD pair without incurring any maker fees until further notice.
Maverick Protocol (MAV) has specifications for the Launchpool are The token name for the project is Maverick Protocol (MAV), with a total token supply of 2,000,000,000 MAV. The Launchpool will distribute 30,000,000 MAV tokens as rewards, which accounts for 1.5% of the total token supply. The initial circulating supply will be 250,000,000 MAV, representing 12.5% of the total token supply. There is no maximum limit for participation, but users are required to complete KYC verification.
The Launchpool for Maverick Protocol (MAV) supports two pools for staking: BNB Staking, which accounts for 80% of the launchpool allocation and offers a reward of 24,000,000 MAV tokens, and TUSD Staking, which represents 20% of the launchpool allocation and provides a reward of 6,000,000 MAV tokens.
Eligibility to participate in the Launchpool may depend on the user’s country or region of residence. Binance has outlined a list of excluded countries, such as Belarus, Cuba, Iran, North Korea, Syria, the United States, and others. To take part in the MAV farming, users must complete the necessary account verification and be residents of eligible jurisdictions.
Binance advises users to consider the high market risk and volatility associated with digital assets. It is essential for individuals to carefully evaluate their investment decisions and understand the inherent risks. Consulting an independent financial advisor before making any investments is recommended.
For further information, users can refer to Binance’s Terms of Use and Risk Warning.
