Mintlayer announced on April 4 that 40% of the total supply of the Launchpool platform's utility token LPOOL was staked to get access to a share of the Mintlayer allocation on the offer. That's about 3.9 million LPOOL tokens with a value of $15.3 million staked for access to the $600,000 Mintlayer MLT presale. That is an oversubscription ratio of 25 to 1, breaking Launchpool records and resulting in the most over-subscribed raise ever held on the platform.
The MLT coin is a governance token of the Mintlayer protocol, which is a sidechain designed for asset tokenization and DEX. Using Mintlayer, peer-to- peer atomic swap exchanges are possible with BTC directly. Fees can be paid in any token issued by Mintlayer, for instance, any stable coin, since there is no need for a native gas token.
The Mintlayer seed round raised $5.2 million for development efforts in March 2021. The fair sale on Launchpool allows the community to buy MLT at the same terms as the private round.
Funds are currently being raised with the Fair sale and a new Strategic round of private sale in order to fund an ecosystem of dApps and projects on Mintlayer.
RBBLab is responsible for the open-source development of the Mintlayer project, currently employing 13 full-time developers. The company is looking to collaborate with accelerators and incubators in order to support the next wave of innovators building on the Mintlayer protocol, setting up an ecosystem fund https: www.mintlayer. The org system for a DeFi is fully interoperable with the Bitcoins ecosystem.
Launchpool leverages community, knowledge, expertise, contacts, and capital to give them the best possible start to life, maximizing their chances of success in this fast-moving and dynamic space. The platform is a great match for Mintlayer, because the three-pool structure ensures whales don't take all the allocation, so the platform is a great match for the three-pool structure.
We have been following Mintlayer for a long time and have been impressed with the success of the project so far. We are very excited to offer $600 k of MLT allocation to Launchpool users on launchpool.xyz. We are looking forward to continuing to develop the partnership that we need to build out of the Bitcoin DeFi ecosystem on Mintlayer. The LPOOL token holders that staked into Mintlayer allocation mining pools on launchpool.xyz can now pay for their allocation before the cut-off on Wednesday 1st December.
Core contributors of Mintlayer recommend following their Twitter or Telegram community if they wish to participate in any future raises. There will be a small allocation of MLT available for the public on launch.mintlayer. The sale of Launchpool was arranged by org in order to provide another opportunity for people who missed it. This will likely be the last opportunity to buy MLT in presale before the public sale.
Alberto De Luigi studied Economics Political Science at the University of Milan and Computer Science 50 at Harvard edx. In 2013 he co-founded the cultural association Lodi Liberale He entered the Italian national register of Insurance Intermediaries in 2015. He published the book Justice as Equality and Neutrality 2015 and the short paper Critical Review of Gerring and Thacker's Centripetal Theory of Democratic Governance 2015 as well as other research papers in Political Philosophy. As an IT consultant, he worked for Brainforce, Cegeka, BTO and Accenture, serving large clients such as Luxottica, and since 2020 he managed the acquisition of UBI Banca by Intesa Sanpoalo, the largest Italian bank. He runs the blog albertodeluigi.com, a landmark for the Italian Bitcoin community. He is currently working on the Mintlayer project since 2019.