$0.01699751
- Market Cap$9,548,038.582
- 24 Hour Trading Vol$1,237,702.25
- Fully Diluted Valuation$16,997,513.5
- Circulating Supply561,078,027
- Total Supply1,000,000,000
- Max Supply1,000,000,000
- Marinade Price$0.01699751
- Trading Volume$1,237,702.25
- Market Cap$9,548,038.582
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Marinade serves as the governance token for the Marinade protocol and its treasury. MNDE is intended for DAO governance, with the goal of distributing tokens to early users, protocol builders, and contributors through a fully transparent process. There is no token sale, no private investor involvement, and no VC fund backing Marinade. A significant share of MNDE tokens is set aside for the DAO and treasury reserves, supporting strong community-led governance for Marinade participants. Before the on-chain governance voting system is available to MNDE holders, core protocol contributors will handle key decisions based on the project’s vision and informal community feedback on Discord.
The governance token was introduced for the following purposes:
Establish the DAO. MNDE is a form of fractional ownership in the Marinade DAO, which will oversee updates to program settings, the product roadmap, ecosystem involvement, and other major strategic choicesSupport liquidity. To help kickstart initial liquidity and speed up the development of the Marinade platformStrengthen the treasury. To enable funding for strategic partnerships or the creation of a reserve fund.Marinade.Finance is a non-custodial liquid staking protocol on Solana. Stake your SOL tokens through Marinade with automated staking strategies and receive "marinated SOL" (mSOL) tokens that you can use in decentralized finance (DeFi).
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