Binance to Distribute MITO Tokens Through HODLer Airdrops!
The Mitosis Token (MITO) is making waves in the DeFi space, with a total supply of 1,000,000,000 MITO and a circulating supply of 181,273,082 MITO (18.13% of the max total token supply).
Mitosis is a Layer 1 blockchain protocol designed to revolutionise cross-chain liquidity in DeFi. Its goal is to streamline liquidity provision across various blockchains, enabling modular blockchains and dApps to boost TVL (Total Value Locked) with community-driven liquidity.
At the heart of Mitosis is its core product, Matrix. Matrix collaborates with leading DeFi protocols to provide exclusive liquidity options with clear, enhanced rewards. Users can stake their assets in Mitosis Vaults to receive miAssets, which are fully convertible to the locked assets and usable in DeFi for extra yield.
Mitosis's Ecosystem-Owned Liquidity (EOL) approach aims to enable modular blockchains and dApps to boost TVL with community-driven liquidity. This innovative approach seeks to transform cross-chain liquidity in DeFi, making it more accessible and efficient for all participants.
The company behind the Mitosis token is the development team of the Mitosis protocol, a cross-chain liquidity-layer protocol focused on connecting liquidity seamlessly between modular blockchains like Ethereum and EigenLayer modules. Mitosis offers a shared liquidity layer rather than isolated bridges, enabling users to provide liquidity, earn yields, and promote interoperability within the modular blockchain ecosystem.
The Mitosis token and its platform are closely connected to the Modular Blockchain ecosystem, especially EigenLayer-related protocols, with a planned token launch in Q4 2025.
In essence, Mitosis is not just another DeFi project; it's a step towards a more interconnected, efficient, and user-friendly DeFi landscape.
