Mercurial Project, a decentralized finance (DeFi) trading initiative, intends to rebrand as Meteora, distribute a new token to almost all MER holders, and broaden its trading portfolio in a determined effort to separate itself from Sam Bankman-Fried’s crumbling business. Mercurial Project to Relaunch as Meteora The proposed renaming of the stablecoin exchange will have a significant impact on holders of MER, a token that has lost 46% of its value since FTX’s demise. It is being replaced by the new Meteora token, which has a 100 million token maximum supply—one-tenth the MER mintage. According to the blueprints, the majority of The post Mercurial Project to Relaunch as “Meteora,” Supplant MER Token appeared first on Cryptoknowmics-Crypto News and Media Platform .
