Merlin Chain, the leading Layer 2 protocol for Bitcoin, is excited to unveil its very own token, $MERL.
This token launch marks a significant milestone for Merlin Chain, enhancing its role in driving the growth of decentralized applications (DApps) across sectors like DeFi, gaming, and social platforms.
Since its launch on the mainnet in February 2024, Merlin Chain has experienced remarkable growth, locking in over $3.6 billion in total value and fostering a thriving ecosystem with over 200 native DApps. The introduction of $MERL opens up new avenues for governance, security, and ecosystem development within Merlin Chain.
$MERL Token Features and Benefits
Operating on the BRC-20 standard, $MERL boasts a total supply of 2.1 billion tokens, designed to empower the community through various utilities. Token holders can actively participate in governance by voting on crucial proposals, while staking $MERL enhances network security. Additionally, $MERL facilitates transaction fee payments within Layer 3 enhancements and supports network operations through collator delegation. Moreover, it serves as native liquidity and collateral, enabling seamless transactions and robust lending mechanisms within the ecosystem.
Allocation of $MERL Tokens
The 2.1 billion $MERL tokens follow specific allocation rules:
- Merlin’s Seal: 20% of $MERL tokens will be airdropped to participants of the Merlin’s Seal event, showcasing substantial support from the Bitcoin community, instrumental in Merlin Chain’s growth.
- Public and Private Sales: 1% allocated for public sale through the People’s Launchpad and 15.23% for private investors.
- Advisors and Team: 3% for strategic advisors and 4.20% for the core team, vested according to the platform’s growth.
- Community and Ecosystem: 16.57% for community rewards and 40% for grants and incentives to stimulate development.
The distribution of $MERL over four years incentivizes community involvement and supports innovative projects contributing to the ecosystem’s expansion.
$MERL Token Listing Schedule
Merlin Chain is gearing up for the listing of $MERL on multiple crypto exchanges. Starting with OKX and Hashkey Global, $MERL will also be featured on platforms like Bitget, Gate.io, Kucoin, WOO X, ByBit, and BingX. This expansion highlights Merlin Chain’s strong growth trajectory and the community’s unwavering support.
The leadership team expressed gratitude for the community’s pivotal role, underscoring their commitment to “Make Bitcoin Fun Again” and unlock Bitcoin’s full potential through innovative Layer 2 solutions.
