TechFlow reports that Merkle Trade, a decentralized perpetual futures exchange built on the Aptos blockchain, has announced the launch of its token generation event (TGE) sequence, consisting of two parts: Genesis Staking and a Liquidity Bootstrapping Auction (LBA).
Merkle Trade has accumulated over $12.9 billion in trading volume and attracted more than 124,500 traders. Over 3 million preMKL tokens have already been staked in the Genesis Staking program, with an average staking duration exceeding 20 weeks.
The LBA will run from August 29 to September 5, lasting seven days. Participants can deposit USDC and/or preMKL to receive MKL-USDC LP tokens, qualifying them for dual rewards.
Backed by prominent investors including Hashed and Arrington Capital, the project focuses on delivering an accessible and enjoyable trading experience for all users, enabling perpetual futures trading starting at just $2, with features such as gas-free transactions and one-click trading.
