Merlin Chain announces token economic model, MERL will be listed on centralized exchanges on April 19
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.
$MERL listing information
OKX
$MERL will become the third BRC-20 token listed on OKX after $ORDI and $SATS.
View announcement details
・Deposit: April 17, 2024, 10:00 UTC
・Trading: April 19, 2024, 10:00 UTC
・Withdrawal: April 20, 2024, 10:00 UTC
Hashkey Global
$MERL will be the first new coin listed on Hashkey Global.
View announcement details
・Deposits: April 18, 2024, 10:00 UTC
・Trading: April 19, 2024, 10:00 UTC
・Withdrawals: April 20, 2024, 10:00 UTC
Bybit
To be announced soon.
Bitget
View announcement details
・Deposit: Open
・Trading: April 19, 2024, 10:00 UTC
・Withdrawal: April 20, 2024, 11:00 UTC
Gate
View announcement details
・Subscription: April 17, 2024, 13:00 UTC
・Trading: April 19, 2024, 10:00 UTC
Kucoin
View announcement details
・Deposits: Open
・Trading: April 19, 2024, 10:00 UTC
・Withdrawals: April 20, 2024, 10:00 UTC
WOO X
View announcement details
・Deposits: April 17, 2024, 8:00 UTC
・Trading: April 19, 2024, 10:00 UTC
BingX
View announcement details
・Deposits: April 17, 2024, 10:00 UTC
・Trading: April 19, 2024, 10:30 UTC
・Withdrawals: April 20, 2024, 10:00 UTC
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