Merlin Chain is a native Bitcoin Layer2 committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Since its mainnet launch in February 2024, Merlin Chain has rapidly grown to become the largest Bitcoin Layer2, boasting over $3.6 billion in TVL and attracting more than 200 native DApps across DeFi, Gaming, Social, and Infrastructure.

Today, we’re excited to introduce $MERL, Merlin Chain’s native token, which will play a fundamental role in the governance, security and overall ecosystem development of Merlin Chain.

$MERL Overview

  • Name: MERL (Merlin Chain)
  • Ticker: $MERL
  • Standard: BRC-20
  • Total Supply: 2,100,000,000

$MERL Utilities

$MERL provides multifunctional utilities as the native token within the Merlin Chain ecosystem:

  • Governance: $MERL token holders have the power to shape Merlin Chain’s future through voting on key proposals.
  • Staking: $MERL can be staked to bolster the security of Merlin Chain, ensuring operational integrity and reliable performance.
  • Network Fees: $MERL can be used to pay transaction fees on Merlin L3.
  • Collator Delegation: $MERL token holders can actively participate in the network’s operations by delegating their holdings to collators or by staking $MERL to run their own collators.
  • Native Liquidity & Collateral: $MERL can be utilized as native liquidity and collateral within the Merlin ecosystem, enabling smooth transactions and supporting lending mechanisms.

$MERL Token Allocation

$MERL, with a total supply of 2,100,000,000 tokens, will follow the specified rules for allocation:

$MERL Release Schedule

$MERL will be distributed over a four-year timeline following the release schedule outlined below, with the allocations for users having no cliff.

🟣 Merlin’s Seal — 20.00%

20.00% of MERL total supply will be airdropped Merlin’s Seal participants. The event’s impressive $3.6 billion TVL, with 91% coming from the Bitcoin native community (including $1.75 billion in BTC and $980 million in BRC-20 assets), highlights the Bitcoin ecosystem’s recognition of Merlin Chain. Your unwavering support has been crucial to Merlin Chain’s rapid growth and expansion in recent months.

Release Schedule:

  • 210,000,000 $MERL for the 1st month (at TGE).
  • 105,000,000 $MERL for the 2nd month.
  • 52,500,000 $MERL for the 3rd month.
  • 26,250,000 $MERL for the 4th month.
  • 13,125,000 $MERL for the 5th month.
  • 13,125,000 $MERL for the 6th month.

🟣 Public Sale — 1.00%

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

Release Schedule:

  • 10,500,000 $MERL for the 1st month (at TGE).
  • 5,250,000 $MERL for the 2nd month.
  • 2,625,000 $MERL for the 3rd month.
  • 1,312,500 $MERL for the 4th month.
  • 656,250 $MERL for the 5th month.
  • 656,250 $MERL for the 6th month.

🟣 Private Sale — 15.23%

15.23% of $MERL total supply will be allocated for private investors, with two types of release schedule.

Release Schedule:

  • Type A: 6 months cliff and 18 months vesting.(1.33% of total supply)
  • Type B: 12 months cliff and 36 months vesting.(13.90% of total supply)

🟣 Advisors — 3.00%

3.00% of $MERL total supply will be allocated for our esteemed advisors. The achievements of Merlin Chain are significantly attributed to the support of these industry leaders.

Release Schedule:

  • 6 months cliff and 30 months vesting.

🟣 Team — 4.20%

4.20% of $MERL total supply will be allocated for our dedicated core team, who continuously contribute to the development and growth of Merlin Chain over the past year.

Release Schedule:

  • 24 months cliff and 24 months vesting.

🟣 Community — 16.57%

16.57% of $MERL total supply will be allocated as rewards for our supportive community throughout future ecosystem initiatives.

Release Schedule:

  • No cliff, 48 months vesting.

🟣 Ecosystem — 40.00%

40.00% of $MERL total supply will be distributed through ecosystem grants and incentives to foster a thriving application landscape on Merlin Chain. By rewarding contributors, builders, and partners, we aim to accelerate the development of innovative applications that leverage the security and prosperity of Bitcoin.

Release Schedule:

  • No cliff, 48 months vesting.

$MERL Listing Schedule

OKX

$MERL will be the third BRC-20 token to be listed on OKX, following $ORDI and $SATS.

  • Deposit: April 17, 2024, 10:00 UTC
  • Trading: April 19, 2024, 10:00 UTC
  • Withdrawal: April 20, 2024, 10:00 UTC

Bybit

  • Trading: April 19, 2024, 10:00 UTC
  • Withdrawal: Coming Soon

Bitget

  • Deposit: Opened
  • Trading: April 19, 2024, 10:00 UTC
  • Withdrawal: April 20, 2024, 11:00 UTC

HTX

  • Deposit: April 18, 2024, 14:00 UTC
  • Trading: Coming Soon
  • Withdrawal: April 20, 2024, 10:00 UTC

Gate.io

  • Subscription: April 17, 2024, 13:00 UTC
  • Trading: April 19, 2024, 10:00 UTC
  • Withdrawal: Coming Soon

Kucoin

  • Deposit: Opened
  • Trading: April 19, 2024, 10:00 UTC
  • Withdrawal: April 20, 2024, 10:00 UTC

WEEX

  • Deposit: April 17, 2024, 8:00 UTC
  • Trading: April 19, 2024, 10:00 UTC

As we step into a new phase with $MERL, we are filled with gratitude for the continuous support of our community, which has been the driving force behind Merlin Chain’s rapid growth and development. Merlin Chain will continue to expand our landscape and deliver progress that unlock the full potential of Bitcoin. This is just the beginning of our journey to Make Bitcoin Fun Again.

About Merlin Chain

Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules.Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.

By admin