$MPLX Lists on Major Exchanges

$MPLX Lists on Major Exchanges

Today marks a milestone in the story of the Metaplex Foundation as we launch our utility and governance token. Beginning on September 20, 2022, the Metaplex Token (MPLX) will be airdropped to eligible international developers, creators and artists through our claim site.  For regulatory reasons, MPLX currently is not available in the United States or to U.S. persons.

In addition to airdropping tokens, $MPLX will also be available on the following exchanges:

  • FTX
  • Kucoin
  • Huobi
  • Ascendex
  • Bybit

MPLX and Governance

MPLX serves as the Metaplex Foundation’s multi-faceted, native utility token for an open metaverse. While MPLX will play multiple roles throughout the ecosystem, one primary function is coordinating governance and upgrades to the Metaplex Protocol.

Holders of MPLX will have the opportunity to vote in the Metaplex DAO, an on-chain program built on the governance framework provided by the Solana Program Library (SPL).

How will this work? Any proposed program introduction will first move through an ‘experimental status’ designation, during which time the Metaplex Foundation will administer community-driven bug bounties and formal audits. Once a program has moved through this stage, MPLX holders will then vote on a proposal to bring the program under the control of the Metaplex DAO.

This framework puts ultimate control over the addition, subtraction or modification of programs in the hands of MPLX holders. As a result, the Metaplex DAO, alongside the MPLX token and its holders, becomes the decentralized governance structure of the Metaplex Protocol.

Our full launch post can be found here