Marinade mnde #748

$0.118146

-5.16% (1d)

Market Cap

$48.6M

BTC Price

FDV

$118.1M

Vol24h

$1.2M

Circulating Supply

1B mnde

Total Supply

1B mnde

Info

Website
Website Whitepaper
Community
Algorithm
Proof Type
Block Reward

0
All Time High

$1.64
ATL Date

10/09/2021

The current price of Marinade is $0.118146 in USD. As of now, a total of 1B mnde are in circulation across the market. Marinade has experienced a price change of -5.16% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Marinade trading volume on crypto exchanges has reached $1.2M.

- Changelly
- Crypto.com

Description

Marinade, founded by Lucio Tato and launched in 2021, is a staking protocol on the Solana blockchain that offers both native and liquid staking with mSOL tokens. It aims to decentralize the network by distributing stakes to smaller validators and simplifies the crypto staking process for users. The platform is designed to enhance user experience in DeFi and promote cryptocurrency adoption by making staked assets liquid and accessible. The $MNDE token within Marinade has multiple roles. It enables holders to participate in governance decisions, contributes to revenue generation through management and unstaking fees, and is involved in an MEV bandwidth marketplace, mTransaction. Additionally, locking $MNDE tokens grants veMNDE, aligning with the platform's DAO governance model. This makes Marinade a key player in the Solana ecosystem, offering effective staking solutions and community-driven governance.