Merlin Chain is launching Merl: a big step forward at Bitcoin Layer 2 solutions

19. April 2024

Sophie Müller

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Merlin Chain, the largest Bitcoin layer 2 protocol after Total Value Locked (TVL), is pleased to announce the introduction of his native token $ Merl. As a significant expansion of the Bitcoin network, Merlin Chain enables rapid growth of decentralized applications (DAPPS) in various sectors, including decentralized finances (defi), gaming and social platforms.

Merlin Chain has had an explosion-like growth since his MINNENEBUT in February 2024, collected over 3.6 billion US dollars on TVL and promoted a lively ecosystem with more than 200 native daps. The introduction of $ Merl marks a decisive moment in the development of Merlin Chain and offers its users improved governance, security and ecosystem development opportunities.

service programs and functions of the $ merl-tokens

$ Merl runs under the Bitcoin-compatible blockchain standard BRC-20, has a total stock of 2.1 billion tokens and is carefully designed to strengthen the community with various service programs.

token owner can design the future of Merlin Chain by voting on critical suggestions and thus actively participating in governance. In addition, users can use $ MERL to increase the safety of the network and ensure its reliable performance. $ Merl also facilitates the payment of transaction fees as part of the Layer 3 extensions. Community members can support the network operation through Collator delegation or operate their collators by using $ Merl token. In addition, $ Merl serves as native liquidity and security and enables seamless transactions and robust lending mechanisms within the ecosystem.

$ merl-token-alleilung

The $ 2.1 billion of $ Merl are subject to the defined rules for the allocation:

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Merlins Siegel

20 % of the total offer to $ merl tokens are distributed to the participants Merlins Siegel

public and private sales

1 % of the total offer of $ Merl token is intended for public sale via People's launchpad, which offers a wide range of investors the opportunity to participate. In addition, 15.23 % of the total offer of private investors who have access to tokens via two different release plans.

consultant and team

3 % of the total offer of $ Merl tokens are reserved for strategic consultants whose expertise and guidance are crucial for the success of the project, whereby the vesting time plan is tailored to the growth of the platform. In addition, 4.20 % are assigned to the committed core team in recognition of his continuous contributions, which ensures his commitment to the long-term development of the project by a structured vesting plan.

Community and ecosystem

16.57 % of the total offer of $ Merl are provided for community rewards that are intended to promote participation and commitment within the ecosystem. 40 % of the tokens are distributed by grants and incentives that aim to stimulate development and innovation on Merlin Chain.

$ Merl is distributed over a period of four years.

Together all token allocations increase the liveliness and growth of the Merlin platform by rewarding the active commitment of the community and supporting innovative projects that contribute to the expansion of the ecosystem.

Listing plan of the $ merl-tokens

Merlin Chain will mark an important milestone on several crypto exchanges with the upcoming listing of his native token $ Merl.

as BRC-20-token will be the third of its kind, which is presented okx . Deposits are possible from April 17, 2024 at 10:00 UTC; Trading begins on April 19 and the withdrawals will take place on April 20th.

In addition, $ Merl is the first new coin hashkey global according to the same trading plan as Okx.

The remarkable lists also include Bitget Where deposits are already open and the trade is planned for April 19. Other platforms like gate.io , bybit and bingx are based on similar deposit and trading plans.

This expansion into various large stock exchanges underlines the robust growth of Merlin Chain and the strong support of the community, which has contributed significantly to its development. The leadership of Merlin Chain thanked for the role of the community in this progress and emphasized that these developments were only the beginning of their mission to "make Bitcoin again" and to exhaust Bitcoin's full potential through innovative layer 2 solutions.

About Merlin Chain

Merlin Chain is a native Bitcoin Layer2 that has set itself the goal of strengthening the native assets, protocols and products from Bitcoin on Layer1 via its Layer2 network so that Bitcoin is fun again. Merlin Chain integrates the ZK-Rollup network, the decentralized Oracle network and fraudulent on-chain-BTC modules. Merlin Chain secured over 3.5 billion TVL within 30 days of starting his Mainnet start. The team behind Merlin, Bitmap Tech, is a first-class OG team with an overall market capitalization of over $ 500 million. The BRC-420 "Blue Box" collection from Bitmap Tech has become one of the most popular assets in Ordinales.