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 native assets, protocols, and application ecosystems, allowing it to continue to innovate and amplify asset potential on the Layer 2 network. Since the launch of the mainnet 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 built, 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

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

Governance: $MERL Token holders have the power to make decisions on important proposals for Merlin Chain through 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 for transactions on Merlin L3.

Delegated Consensus Nodes: $MERL Token holders can run consensus nodes by delegating their 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, facilitating smooth transactions and supporting lending mechanisms.

$MERL Token Distribution 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 allocations 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 the airdrop: https://airdrop.merlinchain.io/

Release plan:

・No lock-up

・1st month (TGE): 210,000,000 $MERL

・2nd month: 105,000,000 $MERL

・3rd month: 52,500,000 $MERL

・4th month: 26,250,000 $MERL

・5th month: 13,125,000 $MERL

・Month 6: 13,125,000 $MERL

Public Sale - 1.00%

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

Check the credits: https://launchpad.ally.build/

Release plan:

・No lock-up

・1st month (TGE): 10,500,000 $MERL

・2nd month: 5,250,000 $MERL

・3rd month: 2,625,000 $MERL

・4th month: 1,312,500 $MERL

・5th month: 656,250 $MERL

・Month 6: 656,250 $MERL

Private placement - 15.23%

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

Release plan:

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

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

Advisor - 3.00%

3.00% of $MERL total supply will be allocated to Merlin’s advisors as a thank you to these industry leaders for their support.

Release plan:

・Locked for 6 months, then released within 30 months.

Team - 4.20%

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

Release plan:

・Locked for 24 months, released within 24 months.

Community - 16.57%

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

Release plan:

・No lock-up, released within 48 months.

Ecology - 40.00%

40.00% of the $MERL total supply will be allocated through the Ecosystem Incentive Program, accelerating 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 online information

OKX

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

View announcement details

・Deposit: April 17, 2024, 10:00 UTC

・Transaction: April 19, 2024, 10:00 UTC

・Withdrawal: April 20, 2024, 10:00 UTC

Hashkey Global

$MERL will be the first new coin to be listed on Hashkey Global.

View announcement details

・Deposit: April 18, 2024, 10:00 UTC

・Transaction: April 19, 2024, 10:00 UTC

・Withdrawal: April 20, 2024, 10:00 UTC

Bybit

To be announced soon.

Bitget

View announcement details

・Deposit: Open

・Transaction: April 19, 2024, 10:00 UTC

・Withdrawal: April 20, 2024, 11:00 UTC

Gate

View announcement details

・Subscription: April 17, 2024, 13:00 UTC

・Transaction: April 19, 2024, 10:00 UTC

Kucoin

View announcement details

・Deposit: Open

・Transaction: April 19, 2024, 10:00 UTC

・Withdrawal: April 20, 2024, 10:00 UTC

WOO X

View announcement details

・Deposit: April 17, 2024, 8:00 UTC

・Transaction: April 19, 2024, 10:00 UTC

BingX

View announcement details

・Deposit: April 17, 2024, 10:00 UTC

・Transaction: April 19, 2024, 10:30 UTC

・Withdrawal: April 20, 2024, 10:00 UTC

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