Meerkat Shares

What is Meerkat Shares?

MSHARE, belonging to Mad Meerkat Finance, functions as a token designed to assist SVN in maintaining its peg to MMF. Holders of MSHARE receive rewards in the form of SVN during periods of network expansion.

The protocol's underlying mechanism dynamically adjusts the supply of SVN, influencing its price in correlation with the MMF price. A three-token structure will be implemented: SVN, MSHARE, and MBOND.

Savanna Token (SVN) is the algorithmic token pegged to MMF. Meerkat Share (MSHARE) allows holders to claim SVN inflation during network expansion, while Meerkat Bond (MBOND) can be acquired during network contraction and redeemed for SVN during the deflationary phase.

The entire Mad Meerkat ecosystem aims to become the focal point of DEFI development on the Cronos chain. This is attributed to the existing products within the MM team's portfolio and the strategic inclusion of significant items on their roadmap. The team expresses confidence in becoming the flagship brand on the Cronos chain in the future.

In the event of this achievement, the MMF token is anticipated to emerge as one of the largest utility tokens on the Cronos chain, boasting one of the most substantial liquidity pools. Currently, MMF dex already holds one of the highest trading volumes on the Cronos Chain, with MMF tokens ranking among the top three most traded altcoins on Cronos.

MSHARE Tokenomics and Usage

During epoch expansions, Savanna Finance generates SVN and distributes it proportionally among all MSHARE holders who have staked their tokens in the Oasis.

Holders of MSHARE possess voting rights (governance) to participate in decisions regarding proposals aimed at enhancing the protocol and determining future use cases within the Savanna Finance ecosystem.

The maximum total supply of MSHARE is capped at 100,000 tokens, distributed as follows:

70% for Liquidity Provision: 70,000 tokens are allocated to incentivize Liquidity Providers in Shares pools over a one-year period. 15% to DAO: 15,000 tokens are vested over one year. 10% for Team Reserves: 10,000 tokens are vested over one year. 5% to Treasury: 5,000 tokens are vested over one year.

Vision Behind Savanna Finance

Savanna Finance is developed by the team responsible for MM Finance. The team's objective is to extend the MM DEX ecosystem and establish a genuinely dynamic protocol, offering a sincere alternative to existing options in the market.

This sincerity is aimed at broadening the Meerkat universe by forming partnerships and expanding the reach of Savanna Finance, where other meme protocols may face challenges in garnering support. The ultimate aspiration is to create a cross-chain algorithmic stable coin that can be utilized across multiple chains concurrently, facilitating the transfer of funds between various segments of the Cryptoverse. However, the initial focus will be on the Cronos Chain, serving as the primary stepping stone for their endeavors.

MM Finance Team Background

The MM.Finance team comprises five developers, one partnership manager, and one marketing manager, all possessing extensive experience in the decentralized finance (DeFi) space. Notably, one of the developers has a background from a prominent Automated Market Maker and Decentralized Exchange (AMM/DEX) known as b_swap, while several team members bring their expertise from the Ethereum space. The team's collective experience spans across various domains, ranging from DeFi projects to gamingfi.

The team remains in a state of continual expansion and actively seeks skilled developers and business development associates to enhance its capabilities and contribute to the ongoing growth of MM.Finance.

Meerkat Shares Project Development

The MMFinance team has dedicated the few last months of 2023 to the development of what they consider a truly sustainable project, aspiring to create a centralized exchange similar to Binance. Here's a preview of what to expect:

Following the successful approval of their exchange license, the team is set to launch a centralized exchange in 2024. This platform will facilitate the trading of stocks, forex, and cryptocurrencies, allowing users to deposit crypto assets for trading purposes.

Additionally, there will be a token consolidation initiative, enabling users to seamlessly swap MMF ecosystem tokens into METF without experiencing slippage on the centralized exchange (CEX).

METF will serve as the primary token on the CEX, and it's noteworthy that there will be (1) no token launches and (2) no introduction of new tokens in this context.

Meerkat Shares Price Analysis

As of December 25 2024 Meerkat Shares has a marketcap of $25K. This is {{percentagefromath}} from its all time high of $21.674K. In terms of its tokenomics, there's a total supply of 99K with 81% currently outstanding. Keep in mind Meerkat Shares has a fully diluted value of $31K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.