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Amnis Finance, a leading liquidity staking protocol on the Aptos blockchain, is set to launch its native token, AMI, with an initial listing on the cryptocurrency exchange MEXC. Trading for the AMI/USDT pair will officially begin on March 26 at 10:00 UTC, marking a significant milestone for the project. Early adopters can look forward to receiving airdropped tokens, as 8% of the total supply is reserved for this purpose.

Key Details About the AMI Token Launch

According to the announcement, users can already deposit AMI tokens on MEXC, with withdrawals starting on March 27 at 10:00 UTC. Additionally, the token will be available on the MEXC Convert feature starting March 26 at 11:00 UTC. This feature allows users to instantly swap cryptocurrencies without incurring fees, making it easier to trade AMI once it is listed.

Amnis Finance first unveiled its plans for the governance token on March 22, emphasizing its role in empowering the Amnis community within the Aptos ecosystem. The project has hinted at potential listings on more exchanges in the near future, further boosting accessibility and adoption.

What Is the Purpose of the AMI Token?

The AMI token is designed to function as a governance token, giving holders a voice in key decisions related to the protocol. These decisions include:

  • Structuring protocol fees
  • Updating delegation strategies
  • Forming new partnerships

Holders of AMI will participate in the Amnis DAO Governance, ensuring a more decentralized and community-driven approach to the protocol’s development. As stated by Amnis Finance, “By participating in DAO governance voting, AMI holders help steer the growth of Amnis Finance, making it more efficient and decentralized.”

Amnis Finance’s Rapid Growth on Aptos

Amnis Finance has established itself as a major player within the Aptos DeFi ecosystem, experiencing a remarkable 1,882% year-on-year growth. Over the past year, the protocol has facilitated the staking of more than 28 million APT tokens, cementing its position as one of the largest liquid staking platforms on Aptos.

According to data from industry trackers, Amnis Finance ranks among the top three protocols on the Aptos blockchain in terms of total value locked (TVL). To date, the protocol has staked a total of 35.5 million APT from over 446,000 stakers, showcasing its widespread adoption and community support.

Token Allocation Breakdown

The total supply of AMI tokens is capped at 1 billion, with a detailed allocation plan designed to balance community incentives, team rewards, and ecosystem development:

  • 8%: Reserved for airdrops to early adopters
  • 20%: Allocated to the Amnis team (subject to a one-year cliff and two years of linear monthly vesting)
  • 20%: Community rewards to incentivize usage of current and future products
  • 16%: Ecosystem initiatives, including grants and partnerships
  • 16%: Investor allocations (12% for seed investors, 3% for private investors, 1% for Key Opinion Leaders, with a six-month cliff and one-year linear vesting)
  • 15%: Marketing efforts
  • 5%: Liquidity maintenance

The transparent and structured allocation strategy ensures the long-term sustainability of the project while rewarding early supporters and contributors.

What’s Next for Amnis Finance?

As Amnis Finance continues to grow within the Aptos ecosystem, the launch of the AMI token marks a pivotal step toward decentralization and broader community involvement. With its robust staking protocol, rapidly growing TVL, and strategic partnerships, the protocol is well-positioned to remain a key player in the decentralized finance space.

Stay updated on cryptocurrency developments and explore more finance-related news to enhance your investment knowledge.

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