$0.12991897
- Market Cap$50,161,517.915
- 24 Hour Trading Vol$31,692,117.781
- Fully Diluted Valuation$129,918,969.664
- Circulating Supply386,357,049
- Total Supply1,000,000,000
- Max Supply1,000,000,000
- Marinade Price$0.12991897
- Trading Volume$31,692,117.781
- Market Cap$50,161,517.915
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Marinade is a governance token of the Marinade protocol and treasury. Marinade token will be used in DAO governance. The intent is for the MNDE token to be distributed to the early users, protocol builders, and project contributors in a fully transparent way. There is no token sale, no private investors and no VC fund behind Marinade. A major portion of MNDE tokens are reserved for the DAO and treasury reserve to form powerful community governance among Marinade users. One thing to note is that before the on-chain governance voting platform is ready for MNDE holders, core protocol contributors will make critical decisions based on the project vision and informal input from the community on Discord.
The main reasons for introducing the governance token:
Form the DAO. MNDE represents a fractional ownership of Marinade DAO. The DAO is going to be responsible for updating program parameters, product roadmap, ecosystem participation, and other strategic decisionsIncentivize liquidity. To bootstrap initial liquidity and accelerate the growth of the Marinade platformCapitalize the treasury. To allow for strategic partnership funding or creating a reserve fund.Marinade.Finance is a non-custodial liquid staking protocol built on Solana. You can stake your SOL tokens with Marinade using automated staking strategies and receive "marinated SOL" tokens (mSOL) that you can use in decentralized finance (DeFi).
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