π₯First ICO
Funding to help us grow the team
Any Mercury Coins purchased during an ICO will be distributed, but will be frozen until all ICOs are complete and the liquidity pool is launched! This measure is put in place to prevent:
Someone outside Mercury Labs from influencing the price of Mercury Coin before/during ICOs
Someone from launching a Mercury Coin liquidity pool with low liquidity
Low liquidity levels in a liquidity pool lead to severe fluctuations in swap rates between cryptocurrencies. Conversely, high liquidity means heavy price swings are less likely.
No KYC, no whale-protection
5% of total supply, 12.5% of total ICO allocation
Q1 2022
All funds obtained will be used to help us grow the team
KYC and whale-protection will not be present because the engineering team is prioritizing smart contracts to prepare for auditing (the auditing process can take 90+ days to complete).
More details coming soon...
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