- Crypto exchange Gate.io will debut the ML token on its platform later this month.
- The exchange is offering $100,000 worth of ML token airdrops to investors.
- The token will start trading on March 23rd, 2023.
Mintlayer’s ML Token Is Set To Launch On Gate.io
Mintlayer, a platform that seeks to improve Bitcoin’s DeFi interoperability, revealed earlier today that its ML token would be listed on the Gate.io crypto exchange in the coming days.
The company revealed this in a blog post earlier today, pointing out that the listing will be in three stages.
The first stage begins on March 21st when users can start depositing their ML tokens on the Gate.io platform. The deposits would be done to build liquidity ahead of the public trading phase.
The second stage comes the following day and would see the ML token become available on Gate.io Startup Launchpad. The company said users could participate in Gate’s token launch platform and obtain ML tokens. The promotion runs for 24 hours and will conclude at 9 AM CET on March 23. On March 23rd, ML will start trading on the Gate.io platform.
https://t.co/a1d9vDe5GZ #Startup Initial Free Offering: $ML @mintlayer— Gate Startup (@Gateio_Startup) March 9, 2023
🗓️ Subscription: 8:00am, Mar 22-Mar 23 (UTC)
💰Airdrop Value: $100,000
Claim NOW: https://t.co/fh6F8GeJ4M#gateiostartup #Gateio #Airdrop #launchpad pic.twitter.com/kMEbl1Fp4i
On its part, Gate.io revealed that it would offer an airdrop value of $100,000 for listing the ML token on its platform.
Mintlayer revealed that it chose the Gate.io platform to debut its ML token as it would allow users to trade their tokens conveniently and efficiently.
In terms of token supply, the initial unlocked token supply of ML at the TGE is 15,820,000 ML. The rest of the ML tokens are subject to vesting schedules of different lengths.