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

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

BlockBeats-Article2024/04/18 08:22
By:BlockBeats-Article
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.


Merlin Chain announces token economic model, MERL will be listed on centralized exchanges on April 19 image 0


$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 Chain announces token economic model, MERL will be listed on centralized exchanges on April 19 image 1


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


This article is from a contribution and does not represent the views of BlockBeats.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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