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Merlin Chain announces token economic model, MERL will be listed on centralized exchanges on April 19

24-04-18 16:12

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Original source: Merlin Chain

Merlin Chain disclosed the economic model details of its native token $MERL, opened airdrop claims, and announced that it will be listed on centralized exchanges such as OKX, Hashkey Global, and Bybit on April 19.

Merlin Chain is a Bitcoin layer 2 solution that focuses on empowering Bitcoin's layer 1 native assets, protocols, and application ecosystems to continue to innovate and amplify asset potential on the layer 2 network. Since the mainnet was launched in February 2024, Merlin Chain has rapidly grown into the most influential BTC Layer2, breaking through $3.6 billion in total value locked (TVL), with more than 200 native DApps deployed and constructed, and ecological projects covering DeFi, games, social and infrastructure.

$MERL Basic Information

Name: MERL (Merlin Chain)

Token: $MERL

Standard: BRC-20

Total Supply: 2,100,000,000

$MERL Application

$MERL, as the native token of the Merlin Chain ecosystem, will play an important role in governance, security and overall ecosystem development.

Governance: $MERL token holders have the right to make decisions on important proposals of Merlin Chain by voting.

Staking: $MERL can be staked to enhance the security of Merlin Chain and ensure its operational integrity and reliability.

Transaction Fees: $MERL can be used to pay transaction fees on Merlin L3.

Delegated Consensus Nodes: $MERL token holders can run consensus nodes by delegating tokens to consensus nodes or staking $MERL themselves.

Native Liquidity and Collateral: $MERL can be used as native liquidity and collateral within the Merlin ecosystem to facilitate smooth transactions and provide support for lending mechanisms.

$MERL Token Allocation and Release Plan

2,100,000,000 $MERL will be released over a four-year period according to the following rules, with no lock-up period for any allocation to users.

Merlin's Seal - 20.00%

20.00% of the total supply of MERL will be airdropped to Merlin's Seal participants. Merlin's Seal has accumulated up to $3.6 billion in TVL, 91% of which comes from the Bitcoin native community (including $1.75 billion in BTC and $980 million in BRC-20 assets). Community support is a crucial step for Merlin Chain to move towards rapid growth and ecological prosperity.

View Airdrop: https://airdrop.merlinchain.io/

Release Plan:

・No lock-up

・Month 1 (TGE): 210,000,000 $MERL

・Month 2: 105,000,000 $MERL

・Month 3: 52,500,000 $MERL

・Month 4: 26,250,000 $MERL

・Month 5: 13,125,000 $MERL

・Month 6: 13,125,000 $MERL

Public Sale - 1.00%

1.00% of the total $MERL supply will be used for public sale (People’s Launchpad).

View Amount: https://launchpad.ally.build/

Release Plan:

・No Lockup

・Month 1 (TGE): 10,500,000 $MERL

・Month 2: 5,250,000 $MERL

・Month 3: 2,625,000 $MERL

・Month 4: 1,312,500 $MERL

・Month 5: 656,250 $MERL

・Month 6: 656,250 $MERL

Private Sale - 15.23%

15.23% of the total $MERL supply will be allocated to private investors, including two different release methods.

Release Plan:

・Class A: 6 months lockup, then release within 18 months. (1.33% of total supply)

・Class B: 12 months lockup, then release within 36 months. (13.90% of total supply)

Advisors - 3.00%

3.00% of the total $MERL supply will be allocated to Merlin's advisors to thank these industry leaders for their support.

Release Plan:

・6 months lockup, then release within 30 months.

Team - 4.20%

4.20% of the total $MERL supply will be allocated to the core team.

Release plan:

・24 months lockup, then release within 24 months.

Community - 16.57%

16.57% of the total $MERL supply will be allocated as rewards to the self-sustaining community for future ecosystem activities.

Release plan:

・No lockup, release within 48 months.

Ecosystem - 40.00%

40.00% of the total $MERL supply will be allocated through the Ecosystem Incentive Program to accelerate the prosperity of the Merlin Chain native application ecosystem by rewarding builders, contributors, and partners.

Release Plan:

・No lock-up, released within 48 months.