The world's largest cryptocurrency exchange, Binance, announced that it has launched its 34th project on its Launchpool platform called Maverick Protocol (MAV), a decentralized exchange (DEX) that allows liquidity providers to customize their liquidity delivery strategy and achieve high capital efficiency.
According to the announcement, users can deposit BNB and TUSD tokens into separate pools to earn MAV tokens as rewards for a period of 25 days, starting at 03:00 CEST on June 14, 2023. The total amount of MAV tokens allocated for Launchpool is 30 million, representing 1.5% of the total token supply of 2 billion.
Binance will also list MAV on its exchange and open trading pairs with MAV/BTC, MAV/USDT and MAV/TUSD when the project's liquidity meets the requirement. The exact date and time of listing will be announced later. In addition, users will enjoy zero maker fees on the MAV/TUSD trading pair until further notice.
*Not investment advice.