🗓️TGE periods

MANDEX tokens can only be obtained through farming.

Only specific pairs are eligible for mining MANDEX. When users engage in farming, they receive a new distribution of MANDEX tokens with every block, as long as they stake the LP tokens of those pairs. The MANDEX tokens allocated to users are divided proportionally based on their share in the specific trading pair pool.

If you don't stake your LP tokens in farming, you still provide liquidity and will receive your LP trade fee reward when you withdraw. However, we strongly recommend staking your LP tokens as it enables you to earn more rewards without any additional costs.

The TGE for MantaDEX is divided into two different periods.

First-Mine-Reward Period

• Initially, during the First-Mine-Reward Period, the farming rewards were set at 7,500 MANDEX tokens per block for all pairs, which is significantly higher than the normal rate. The allocation of farming rewards among specific trading pairs is determined and set by the team.

• All of the 0.3% fee is distributed to liquidity providers.

• Governance rights are not available to holders during this period.

Full Launch Period

• Once the Total Value Locked (TVL) and liquidity in MantaDEX reach a sufficient level, the TGE transitions to the Full Launch Period. During this period, the farming reward decreases to approximately 2,500 MANDEX tokens per block for all pairs. The farming allocation for specific trading pairs among the 2,500 block offerings is determined and set by the team.

• Governance rights are available to all MANDEX holders.

• An additional 0.1% fee will be charged for trading, and these fees will be distributed to those who stake their MANDEX tokens.