You asked, we listened.

Our community has been keen on having a max cap per individual during our token launch. We’ve been closely listening to your feedback, and after much discussion amongst the team, we’ve decided to add an individual cap for the first 12 hours (~3,000 blocks) (more details below).

Why we added an individual cap

Plain and simple — because we have good faith in the community. We want everyone to benefit from the Global Messaging Token (GMT) and Mercury Protocol. We want everyone to have the opportunity to use GMT within Dust as soon as the token sale is finalized, and in the near future, within all applications that build on top of the protocol. We love that we have a strong set of early enthusiasts and believers, and we think it’s only fair for them to get a chance to obtain GMT and become early users of it.

Initial Registration Results

We’re thrilled by the incredible amount of support we’ve received from the community over the last week since we opened up registration. The registration results thus far are as follows:

TOTAL REGISTRANTS: ~9,000

APPROVED REGISTRANTS: ~7,500

IN MANUAL REVIEW: ~500

If you haven’t registered yet and are interested in participating, it’s not too late to register. You can do so on our website: www.mercuryprotocol.com

NOTE: Registration will close on Sunday at 23:00 PDT (UTC -7)

Sale terms and Individual Cap

The token launch starts on Wednesday October 25th at approximately 09:00 PDT (UTC -7). Exact starting block # will be provided the day before launch

at approximately 09:00 PDT (UTC -7). Total public cap of $20 million USD for 50% of token supply

for 50% of token supply Total $4 million USD (10%) reserved for accredited individuals and institutions

For the first 8 hours (~2,000 blocks) , all public participants are subject to an individual cap of: Total Public Cap ($20M)/ # approved registrants

, all public participants are subject to an individual cap of: For the next 4 hours (~1,000 blocks) , cap will be increased by 4x

, cap will be increased by After the first 12 hours (~3,000 blocks), individual caps will removed completely for the rest of the sale period

individual caps will for the rest of the sale period The token sale ends once the hard cap of $20 million USD is reached or after ~ 30 days

is reached or after ~ During the first 12 hours, the Gas price is limited to 50 Gwei . Gas price limit will be removed after the cap period.

. Gas price limit will be removed after the cap period. Minimum cap of 100 million tokens (10%, ~$4 million USD) must be sold to be considered a successful sale. If we don’t reach the minimum cap after 30 days, all ETH will be returned to participants.

(10%, ~$4 million USD) must be sold to be considered a successful sale. If we don’t reach the minimum cap after 30 days, all ETH will be returned to participants. Only approved registrants will be able to participate in the token sale. You can register on our website: https://www.mercuryprotocol.com/

TLDR;

Individual cap of Total Public Cap ($20M) / # approved registrants for the first 8 hours (~2,000 blocks) and 4x that amount for the next 4 hours (~1,000 blocks). After the first 12 hours (~3,000 blocks), individual caps will be removed.

If you have any questions, concerns or feedback, please reach out to us at info@mercurprotocol.com.

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Learn more about the Mercury Protocol

Read the Mercury Protocol whitepaper