Binance has announced that it will be listing Maverick Protocol (MAV) on its platform. In a recent development, the world’s largest cryptocurrency exchange by trade volume made this known on its official website and via a tweet earlier today.
#Binance will open trading for @mavprotocol $MAV.https://t.co/8S7gg1aSGl
— Binance (@binance) June 27, 2023
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According to the announcement, Binance will list the token and also open trading for it against stablecoins including MAV/BTC, MAV/USDT, and MAV/TUSD.
Furthermore, trading for the newly listed Maverick Protocol trading pairs will be open by 2023-06-28 at 08:00 (UTC). Users are to note that zero maker fees will be applied on MAV/TUSD until further notice. Also, the Maverick Protocol Smart Contract address and Maverick Protocol (MAV) Research Report have been attached to the announcement.
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Maverick Protocol (MAV) on Binance Launchpool
Meanwhile, Binance previously announced on June 13 that it will be introducing Maverick Protocol (MAV) on Binance Launchpool. MAV is the 34th project on Binance Launchpool.
Maverick Protocol (MAV) brings new infrastructure for DeFi. It is a composable decentralized exchange (DEX) that is powered by a revolutionary Automated Market Maker (AMM). In addition, Maverick Protocol (MAV) enables liquidity providers to achieve high capital efficiency with their desired Liquidity Providing (LP) strategy. Users could Farm MAV by staking their BNB and TUSD.
Maverick intends to be the first protocol that can rapidly expand to handle numerous exotic pairs that are not now accessible in eternal markets, whether centralized or decentralized, due to its unique mechanism.
Additionally, Maverick permits traders to open long or short positions on different token pairs with more buying power and consequently profit from the deep liquidity and low slippage enabled by its impressive market mechanism design.
Maverick Protocol Tokenomics
A total of 2,000,000,000 (2 billion) Maverick Protocol tokens (MAV) have been created. 250 million of these tokens make up the initial circulating offer. Conversely, 30,000,000 (30 million) MAV tokens will be allocated to Launchpool rewards. According to details from CoinMarketCap, the Initial Exchange Offering (IEO) is ongoing and there are 1,200,000 MAV tokens for sale.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.