Abstract

MERCURY COLLATERAL (ME) is an intelligent alternative for MEME-themed crypto assets pioneered by Mercury protocol that transitions from a price-based trading strategy to time-based dynamics, ensuring enhanced token reliability and price independence. The Mercury Protocol introduces advanced token standards, known as the Time Bound Standard (TBS), which differ by defining a framework to mint a store of value on-chain collateral compared to the medium of exchange standard. TBS features a unique time-bound sell ratio lock mechanism with liquidity protection to prevent market price manipulation by large investors. It also innovates a new dimension of fair launch that ensures equitable token distribution and establishes new use case standards to drive revenue for long-term sustainability.

Additionally, ME collateral is backed by a pool of stable assets locked in a crypto reserve called Burn Vault to provide minimum guarantee price support, where the investors can cash out without impacting the market price. As a result, the investors are encouraged to HODL for an extended period, which fundamentally makes the economic model much safer than MEME and other reflection-based cryptocurrencies without disrupting its fun culture.

Disclaimer

The Mercury protocol is loosely based on the three-dimensional asset class model called the JOKER protocol, published by a DeFi research team at the Dubai Blockchain Summit in October 2023. Our project draws inspiration from certain philosophies outlined in the JOKER protocol whitepaper, envisioning an enhancement of MEME and reflection economics.

While the JOKER protocol focuses on advancing liquidity-owned protocols like Olympus DAO and Ampleforth with DeFi 3.0 dynamics, the Mercury Protocol addresses the volatility affecting MEME token economics. It is essential to note that before the complete implementation of the Mercury Protocol project, the underlying logic may change without prior notice. We intend to transparently communicate our vision and objectives, providing clarity on the project's alignment with the principles of the JOKER protocol.