Meerkat Shares MSHARE
1. Summary
- Price
-
$0.26 0.0%
- Market Cap
- $20,863.00 (#9067)
- Supply
- 80,515.00 / 99,278.00
- Description
-
MSHARE, or Meerkat Shares, is a token developed by Mad Meerkat Finance. It plays a crucial role in assisting SVN (Savanna Finance token) in maintaining its peg to MMF. One of its key features is rewarding MSHARE holders with SVN during periods of network expansion.
MSHARE, or Meerkat Shares, is a token developed by Mad Meerkat Finance. It plays a crucial role in assisting SVN (Savanna Finance token) in maintaining its peg to MMF. One of its key features is rewarding MSHARE holders with SVN during periods of network expansion.
Token Use Cases
- Governance: MSHARE holders possess voting rights on proposals related to improving the protocol and future use cases within the Savanna finance ecosystem.
- Epoch Expansions: During these periods, the protocol mints and distributes SVN proportionally to all MSHARE holders who have staked their tokens.
- Stability Mechanism: MSHARE helps SVN maintain its peg to MMF by incentivizing SVN distribution when the network expands.
Token Distribution
- Total Supply: 100000 tokens.
-
Distribution Breakdown:
- 70%: Allocated for liquidity provision over 1 year.
- 15%: Vested for the DAO over 1 year.
- 10%: Vested for team reserves over 1 year.
- 5%: Vested for the treasury over 1 year.
Interoperability with MBOND
- Algorithmic Peg Mechanism: SVN price is actively maintained relative to MMF through a system involving MBOND.
- MBOND Effect: MBOND helps SVN return to the peg by incentivizing changes in SVN supply during epoch contractions. This process involves burning SVN tokens to reduce supply when below peg and minting new SVN tokens when above peg.
| Price | |
| 52W High price | $22.90 |
| 52W High date | 4th Jan 2024 (1 year ago) |
| All Time High (ATH) Date | 8th Apr 2022 (2 years ago) |
| ATH Price | $21,674.00 |
| % From ATH | -100% |
| All Time Low (ATL) Date | 3rd Jul 2024 (6 months ago) |
| ATL Price | $0.21 |
| % From ATL | 86.73% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2.00 |
| Total Supply | 99,278.00 |
| Max Supply | 100,000.00 |
| Circulating Supply | 80,515.00 |
MSHARE
How does Meerkat Shares's (MSHARE) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-64.9%
MSHARE
16.0%
Similar Market Cap
60 Day Return
-36.0%
MSHARE
7.1%
Similar Market Cap
1 Year Return
-97.6%
MSHARE
20.8%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 12,785 |
| Twitter followers | 87,542 |
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svn.finance/oasis Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://svn.finance/ |
|---|---|
| Explorer | https://cronoscan.com/token/0xf8b9facB7B4410F5703E... |
| @MMFcrypto |
What is the correct contract address for Meerkat Shares?
| Cronos | 0xf8b9facb7b4410f5703eb29093302f2933d6e1aa |
|---|
Has Meerkat Shares been audited for security?
No security audits found for this project.
Are you the owner of Meerkat Shares? Edit it here
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