Mercenary: Blockchain-Based Gold Tokenization and Global Circulation
The Mercenary whitepaper was written and released by the Mercenary core team in Q4 2025, against the backdrop of a growing demand for efficient and flexible capital in the decentralized finance (DeFi) sector. Its aim is to explore a new incentive mechanism to optimize liquidity allocation and user engagement.
The theme of the Mercenary whitepaper is “Mercenary: Dynamic Incentives and Value Capture Protocol.” What makes Mercenary unique is its proposed model combining a “dynamic task system” with the “MGOLD incentive pool,” enabling task publishing, completion verification, and automatic reward distribution via smart contracts. The significance of Mercenary lies in introducing a more adaptive and efficient capital flow paradigm to the decentralized ecosystem, greatly enhancing protocol resilience and user capital utilization.
Mercenary’s original intention is to address the issues of insufficient user engagement and rigid liquidity allocation in existing Web3 projects. The core viewpoint presented in the Mercenary whitepaper is: by introducing “task-driven incentives” and “instant value capture” mechanisms, it maximizes participants’ short-term returns and flexibility while ensuring the protocol’s long-term healthy development.