Maverick Protocol (MAV) started operations after a long wait. The altcoin, which was distributed on Binance Launchpool, has attracted attention with the investors behind it and the support of Binance.
Maverick Protocol is a DeFi protocol that aims to provide solutions to problems in liquidity provision in the ecosystem. MAV is the native token of the project and was distributed to users who staked BNB and BUSD on Binance Launchpool at the beginning of June.
Maverick Protocol (MAV) has received the support of several key investment companies of the cryptocurrency market. Pantera Capital, Jump, Circle Ventures, Spartan Ventures are among the investors of the project.
In addition to these important companies, Binance, the world’s largest cryptocurrency exchange, also contributed to the Maverick Protocol. The exchange, which opened the DeFi project to users through its Launcpool, was also one of the first platforms to initiate MAV transactions.
The initial supply of the token, whose maximum supply is planned as 2 billion, is around 250 million. It has a relatively limited initial supply, accounting for 12.5% of the total supply. However, the developers of the project have not yet shared a detailed information about the token opening scheme, which is critical for the future of MAV, with the investors.
DeFi application, which also produces solutions for liquid staking protocols, is expected to launch the voting system in the third quarter of 2023. MAV will be staking and it is aimed that MAVs and investors participate in the decisions.