Maple Token (MPL) coin issuance price, total amount and white paper introduction

The Maple Token (MPL) was initially issued at $0.75 during its ICO in October 2021, raising approximately $50 million for platform development and operations.

Dec 24, 2024 at 12:18 pm

Maple Token (MPL) Coin Issuance Price, Total Amount, and White Paper Introduction

Key Points:

• Issuance price: $0.75 per MPL token
• Total token supply: 1 billion MPL tokens
• White paper provides a comprehensive overview of the Maple project, its goals, and its technology

Coin Issuance Price

The Maple Token (MPL) was issued at a price of $0.75 per token during its initial coin offering (ICO) in October 2021. The ICO raised approximately $50 million, which will be used to develop the Maple platform and fund its operations.

Total Token Supply

The total supply of MPL tokens is 1 billion, of which 50% were sold during the ICO. The remaining 50% of tokens will be released gradually over time, with 20% allocated to the team and advisors, 20% to the Maple DAO, and 10% to liquidity providers.

White Paper Introduction

The Maple Token white paper is a comprehensive document that provides an overview of the Maple project, its goals, and its technology. The white paper begins by introducing the Maple network, which is a decentralized lending platform that connects borrowers and lenders. The white paper then discusses the problems that the Maple network aims to solve, including the lack of access to capital for borrowers and the high cost of borrowing for lenders.

The white paper then goes on to explain how the Maple network works. The Maple network is based on a permissioned blockchain, which means that only certain participants are allowed to participate in the network. These participants include borrowers, lenders, and liquidity providers.

Borrowers can use the Maple network to access capital by creating loan pools. Loan pools are collections of loans that are offered to lenders. Lenders can choose to invest in loan pools that match their risk tolerance and return expectations.

Liquidity providers can provide liquidity to the Maple network by depositing cryptocurrency into liquidity pools. Liquidity pools are used to fund the loan pools created by borrowers.

The white paper also discusses the Maple Token (MPL). The MPL token is a utility token that is used to pay for gas fees on the Maple network. The MPL token can also be used to participate in governance of the Maple DAO.

The Maple white paper is a valuable resource for anyone who wants to learn more about the Maple project. The white paper provides a comprehensive overview of the project's goals, technology, and economics.

FAQs

• What is the Maple Token (MPL)?

The Maple Token (MPL) is a utility token that is used to pay for gas fees on the Maple network. The MPL token can also be used to participate in governance of the Maple DAO.

• What is the total supply of MPL tokens?

The total supply of MPL tokens is 1 billion.

• What is the issuance price of MPL tokens?

The issuance price of MPL tokens was $0.75 per token.

• What are the goals of the Maple project?

The goals of the Maple project are to provide borrowers with access to capital and to reduce the cost of borrowing for lenders.

• How does the Maple network work?

The Maple network is a decentralized lending platform that connects borrowers and lenders. Borrowers can create loan pools, which are collections of loans that are offered to lenders. Lenders can choose to invest in loan pools that match their risk tolerance and return expectations.

• What is the Maple DAO?

The Maple DAO is a decentralized autonomous organization that governs the Maple network. The Maple DAO is responsible for setting the rules and policies that govern the network.