A brief introduction to the issuance price and total issuance of MERL coins

The private sale of MERL tokens offered a minimum price of $0.50 per token, raising funds to support the platform's development and launch.

Oct 21, 2024 at 05:42 pm

1. Understanding the MERL Coin Issuance

The Monopolized Event Rental Ledger (MERL) is a blockchain-based platform designed to revolutionize the event rental industry. Its native token, MERL, represents a key component of the ecosystem and serves multiple purposes.

2. Issuance Price

The initial issuance price of MERL was determined through a private sale mechanism that took place in October 2021. A total of 750 million MERL tokens were allocated for the private sale, offering a minimum price of $0.50 per token.

3. Total Issuance

The total issuance of MERL is fixed at 1,000,000,000 (one billion) tokens, distributed as follows:

• Private Sale: 750 million MERL (75%)
• Public Sale: 150 million MERL (15%)
• Ecosystem Fund: 50 million MERL (5%)
• Team and Advisors: 30 million MERL (3%)
• Liquidity Pool: 20 million MERL (2%)

4. Token Allocation for Different Purposes

The MERL team has allocated the tokens for specific purposes to ensure the long-term success of the platform:

• Private Sale: Funds raised from the private sale are primarily used for the development and launch of the platform.
• Public Sale: Tokens allocated for the public sale provide an opportunity for early investors to participate in the project's growth.
• Ecosystem Fund: This fund supports initiatives that foster the utility and adoption of MERL within the event rental industry.
• Team and Advisors: Tokens allocated to the team and advisors reward their contributions to the development and governance of the platform.
• Liquidity Pool: Tokens placed in the liquidity pool ensure market stability and facilitate trading of MERL.

5. Ongoing Utility and Value of MERL

MERL plays a crucial role in the MERL platform, providing access to various features and services, including:

• Rental transactions, facilitating seamless booking and payment processes.
• Staking and governance, allowing token holders to earn rewards and participate in decision-making.
• Integrations with event planning tools and marketplaces.
• Access to exclusive events, discounts, and perks for token holders.

6. Conclusion

The issuance of MERL coins initiated the launch of the MERL platform, providing a solid foundation for the development and adoption of blockchain technology in the event rental industry. The well-planned token allocation ensures the financial stability and utility of MERL for both early investors and the broader ecosystem.