Merlin Chain, the largest Bitcoin Layer 2 protocol in terms of global locked price (TVL), is excited to announce the launch of its local token, $MERL. As a significant improvement to the Bitcoin network, Merlin Chain facilitates the immediate expansion of decentralized networks. programs (DApps) across industries, aggregating decentralized finance (DeFi), gaming, and social platforms.
Since its debut on the mainnet in February 2024, Merlin Chain has seen explosive growth, amassing over $3. 6 billion in TVL and fostering a colorful ecosystem with over two hundred local DApps. The arrival of $MERL marks a pivotal moment in the evolution of Merlin Chain, offering improved governance. , security, and ecosystem progression opportunities for its users.
$MERL, which runs on the popular Bitcoin-compatible BRC-20 blockchain, has a total source of 2. 1 billion tokens and is meticulously designed to power the network through public services.
Token holders can shape the long-term of Merlin Chain by voting on critical proposals, thereby actively participating in governance. In addition, users can bet $MERL on the security of the network, making sure that its performance is reliable. $MERL also makes it less difficult to pay transaction fees as a component of Layer 3 improvements. Community members can assist in network operations through meeting delegation or function with their assemblers using $MERL tokens. In addition, $MERL serves as local liquidity and collateral, enabling seamless transactions and physically powerful lending mechanisms within the ecosystem.
The 2. 1 billion $MERL tokens will follow the specified allocation rules:
20% of the total $MERL token pool will be parachuted to Merlin’s Seal event participants. This event boasted an impressive TVL of $3. 6 billion, 91% of which came from the Bitcoin network, adding $1. 75 billion in BTC and $980 million in BRC. 20 assets. This really extensive extension of the Bitcoin network has been important to the immediate expansion and expansion of Merlin Chain over the past few months.
1% of the total $MERL token source is earmarked for public sale on People’s Launchpad, offering a wide diversity of investors the opportunity to participate. In addition, 15. 23% of the total source is allocated to personal investors, who have access to tokens through two separate launch programs.
3% of the total $MERL token source is reserved for strategic advisors whose expertise and guidance are critical to the good fortune of the task, with an acquisition timeline aligned with the platform’s growth. In addition, 4. 20% is allocated to the core team engaged in popularity for their ongoing contributions, ensuring their commitment to the long-term progression of the task through a structured procurement plan.
16. 57% of the total $MERL source is allocated to network rewards designed to encourage participation and engagement within the ecosystem. 40% of the tokens are distributed in the form of grants and incentives aimed at driving progression and innovation on Merlin Chain.
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