Merlin Chain, a Bitcoin Layer 2 protocol, recently launched its native token, $MERL, enhancing governance, security, and ecosystem development opportunities on the network. With over $3.6 billion in TVL and 200+ native DApps, Merlin Chain has seen rapid growth since its mainnet debut in February 2024. $MERL operates on the BRC-20 standard with a total supply of 2.1 billion tokens, offering various utilities for community members such as voting on proposals, staking for network security, and facilitating transactions within the ecosystem.
Token allocation for $MERL includes a 20% airdrop to participants of the Merlin’s Seal event, showcasing significant support from the Bitcoin community. Public and private sales allocate 1% and 15.23% of the total supply, respectively, offering opportunities for a broad range of investors. Strategic advisors and the core team receive 3% and 4.20% of the tokens, respectively, to support the project’s success. Community rewards and ecosystem development receive 16.57% and 40% of the total supply, respectively, to encourage participation and innovation.
Merlin Chain’s $MERL token is set for listings on various crypto exchanges, starting with OKX and Hashkey Global, followed by Bitget, Kucoin, WOO X, ByBit, and BingX. The listings mark a significant milestone for Merlin Chain, showcasing its growth and community support. The platform aims to “Make Bitcoin Fun Again” by unlocking the full potential of Bitcoin through innovative Layer 2 solutions. The team behind Merlin Chain, Bitmap Tech, has locked over 3.5 billion TVL within 30 days of the mainnet launch, with an overall market cap exceeding $500 million, establishing itself as a premier OG team in the industry.
Merlin Chain integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules to empower Bitcoin’s native assets, protocols, and products on Layer 1 through its Layer 2 network. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals, further solidifying the platform’s position in the market. The leadership of Merlin Chain expresses gratitude for the community’s support and emphasizes that these developments are just the beginning of their mission to transform the Bitcoin ecosystem and drive innovation in the space.
Overall, Merlin Chain’s launch of $MERL token represents a significant step forward in enhancing governance, security, and ecosystem development on the platform. With listings on multiple crypto exchanges, Merlin Chain is poised for continued growth and expansion, thanks to strong community support and innovative solutions that aim to unlock the full potential of Bitcoin. Through strategic token allocations and partnerships, Merlin Chain is set to solidify its position in the market and make a lasting impact on the cryptocurrency industry.
