Merchant Moe: Platform and Bridge Live
The next step in the Merchant Moe Journey
This comprehensive update outlines the rollout of Merchant Moe, detailing its schedule from launch to full deployment on Mantle Network. The update highlights key milestones, including the bridge for JOE tokens to Mantle, the platform's launch with exclusive opportunities for JOE token holders, the anticipated Token Generation Event (TGE) of MOE and the rollout of the full suite following TGE.
TLDR: Key Information
Merchant Moe Platform: Now Live 🧭
Bridge JOE Tokens to Mantle: Now Live ⭐
$MOE Token Access for $JOE Holders: Initial and ongoing distribution phases
mJOE Staking on Merchant Moe site: Now live, stake JOE into mJOE.
Token Generation Event (TGE): Date unspecified, but set for the coming week(s)
Initial Platform Features: V1AMM, staking, and veMOE voting live after TGE
Future Rollouts: sMOE, Vote Rewards, Permissionless vote rewards, and Liquidity Book Concentrated Liquidity
Bridging JOE Tokens to Mantle Network
The integration of Merchant Moe with the Mantle Network begins with the activation of the bridge for JOE tokens. Facilitated by LayerZero, the $JOE bridge to Mantle is now live, allowing holders to seamlessly transfer their tokens to the Mantle Network in preparation for the upcoming opportunities on the Merchant Moe platform.
Official Bridge Link: https://bridge.traderjoexyz.com/
⚠️ Do not trust and do not click any other link that is shared
⭐ Please bookmark the official link
Need Gas?
The Mantle network uses the MNT token for gas. If you have yet to acquire MNT tokens, the bridge enables you to add ‘Gas on Destination’ when transferring JOE tokens. Simply click the ‘Add’ button before transferring JOE.
$MOE Token Distribution for $JOE Holders
Following the bridging process, users can head to the Merchant Moe site to stake their JOE. JOE holders can stake their tokens into mJOE with no lockup or deposit fee. This is required in order for users to participate in the initial distribution of MOE tokens, the governance token of the Merchant Moe platform.
In recognition of the shared heritage with Trader Joe, the initial acquisition of $MOE tokens at launch will be exclusive to $JOE token holders. The distribution process involves two key phases:
Initial Distribution: 2.5% of the total $MOE supply will be initially distributed to $JOE holders at the time of the token generation event (TGE).
Ongoing Distribution: An additional 5% of the $MOE total supply will be distributed over the course of one year to users who continue to stake their tokens into mJOE.
To stake your JOE ready for the airdrop head to this link:
Airdrop Staking Page: https://merchantmoe.com/airdrop
⚠️ Do not trust and do not click any other link that is shared
⭐ Please bookmark the official link
The Token Generation Event (TGE)
The exact date of the TGE remains undisclosed, planned in the coming week(s) following the platform launch. The opening of the token bridge is designed to provide ample time for users to prepare and transfer their $JOE tokens to Mantle, for the initial $MOE distribution event.
DEX Features at Launch
During the TGE week, Merchant Moe will unveil a suite of DeFi features, including:
Classic Automated Market Maker (AMM): The deployment of the the traditional AMM will be the official launch of the DEX platform. This will facilitates token swaps and liquidity provision on the Merchant Moe platform.
MOE Staking: Users will be able to stake their MOE tokens on the platform. Stakers can begin to accrue veMOE, a non-transferable governance token which can be used to direct MOE emissions. Stakers will also earn sMOE yield in the future, however sMOE payouts will not go live until a further date.
veMOE Voting: MOE stakers will accrue veMOE tokens, granting them voting power in the governance of emissions. veMOE voting will allow users to influence the distribution of MOE rewards emitted to the farms for various liquidity pools.
Farming: Users can engage in yield farming by depositing their LP tokens. This will allow users to earn MOE rewards. The emissions to various farms is governed by veMOE voters.
What’s next for Merchant Moe?
Merchant Moe plans to introduce additional features to further bolster the DEX offering, these features will rollout in the coming weeks after the TGE of MOE.
Liquidity Book (LB): A novel concentrated liquidity protocol powering high-efficiency liquidity provision and a market-leading swap experience. Liquidity Book reduces costs for traders, executing swaps on-chain with zero slippage, and amplifies fee-earning potential for liquidity providers.
sMOE Rewards: This enhancement to MOE staking will provide users with a non-dilutive real yield paid in stablecoins which will be derived from trading fees collected by the platform. These rewards will be added on-top of the existing MOE staking offering and will be activated in the weeks following the TGE.
MOE Staking will provide a combination of veMOE rewards + sMOE rewards
🔗 Read more about MOE staking: here
Voting Reward Pools: Earn additional rewards when using veMOE to vote. This system ensures all veMOE holders can unlock additional incentivizes when utilizing voting power. If you'd like to introduce a Voting Rewards Pool, please contact the Merchant Moe team via Twitter/Discord.
Bridge Your JOE Tokens and Join the Journey
The Moe Community
Join Moe as he pioneers the future of DeFi on the Mantle Network. Start today by bridging your JOE tokens to the Mantle Network in preparation for the exciting Merchant Moe token launch.
A unique opportunity awaits with a limited set of 6 ‘OG’ community roles available during this initial phase of the Merchant Moe rollout. These roles are marks of achievement, commemorating your contribution during this foundational period. They will be exclusively reserved for the earliest $MOE community members who play a pivotal role in shaping the ranks and building the vibrant marketplace of Merchant Moe in the years to come. To get started, connect with the Merchant Moe Guild now and join the ranks.
Stay tuned for further news as we approach the much anticipated MOE TGE.