Merlin Chain's $MERL Token Unlocks Bitcoin's True Potential

Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked, announces the launch of its native token, $MERL. With a total supply of 2.1 billion, $MERL empowers the Merlin Chain community through governance, security enhancement, and ecosystem development. The initial distribution includes airdrops for participants of the Merlin's Seal event, public and private sales, allocations for advisors, the team, community rewards, and grants.

Merlin Chain Unlocks the Gateway to Bitcoin's Full Potential with the Launch of Its Native Token, $MERL

Singapore, April 19, 2024 (GLOBE NEWSWIRE) - Merlin Chain, the pioneering Bitcoin Layer 2 protocol that has revolutionized the Bitcoin ecosystem, proudly announces the launch of its highly anticipated native token, $MERL. This strategic move marks a pivotal moment in Merlin Chain's evolution, empowering its users with enhanced governance, security, and ecosystem development opportunities.

Unleashing the Power of $MERL: A Multifaceted Token for a Multifaceted Chain

$MERL, meticulously designed under the BRC-20 standard, operates seamlessly within the Bitcoin ecosystem. Its total supply of 2.1 billion tokens is cleverly allocated to fulfill various essential roles within the Merlin Chain tapestry.

As a cornerstone of governance, $MERL empowers token holders to actively shape Merlin Chain's future by participating in critical proposal voting. This decentralized decision-making process ensures that the community has a direct say in the platform's direction.

$MERL also plays a crucial role in safeguarding the network by enabling staking. Token holders can actively contribute to the security of Merlin Chain, ensuring its robust and reliable performance.

Beyond governance and security, $MERL facilitates the seamless payment of transaction fees within the Layer 3 enhancements. It empowers community members to actively support network operations through collator delegation or by operating their own collators.

In addition, $MERL serves as the native liquidity and collateral within the Merlin Chain ecosystem. This enables frictionless transactions and robust lending mechanisms, fostering a vibrant and interconnected ecosystem.

A Rigorous Allocation Strategy: Ensuring Fair and Equitable Distribution

The allocation of $MERL's total supply has been meticulously planned to maximize community engagement and ecosystem growth.

Merlin's Seal: A Testament to Bitcoin's Embrace

20% of the total supply is allocated to participants of the groundbreaking Merlin's Seal event. This event showcased an impressive TVL of $3.6 billion, with an overwhelming 91% of these funds originating from the Bitcoin community. The influx of $1.75 billion in BTC and $980 million in BRC-20 assets underscores the Bitcoin community's unwavering support for Merlin Chain.

Public and Private Sales: Broadening the Investor Base

1% of the total supply is designated for public sale through the People's Launchpad, offering a broad range of investors an opportunity to participate in Merlin Chain's growth story. Additionally, 15.23% of the total supply is allocated to private investors, who will receive tokens according to two distinct release schedules.

Advisors and Team: Recognizing Expertise and Dedication

3% of the total supply is reserved for strategic advisors whose invaluable expertise and guidance have been instrumental in Merlin Chain's success. Their vesting schedule aligns with the platform's growth, ensuring their continued commitment. Furthermore, 4.20% is allocated to the dedicated core team in recognition of their tireless contributions. A structured vesting plan ensures their long-term commitment to the project's development.

Community and Ecosystem: Fueling Growth and Innovation

16.57% of $MERL's total supply is allocated for community rewards, fostering active participation and engagement within the ecosystem. 40% of these tokens are distributed through grants and incentives, aimed at stimulating development and innovation on Merlin Chain.

$MERL's distribution is meticulously planned over a four-year timeline, ensuring a balanced and sustainable release. This comprehensive allocation strategy enhances the vibrancy and growth of Merlin's platform, rewarding active community involvement and supporting innovative projects that contribute to the ecosystem's expansion.

A Multi-Exchange Listing Extravaganza: Unveiling $MERL's Global Presence

Merlin Chain's native token, $MERL, is poised to make its grand entrance on multiple renowned crypto exchanges, marking a significant milestone in its journey.

As a BRC-20 token, $MERL will be the third of its kind to be featured on OKX, one of the world's leading cryptocurrency exchanges. Deposits will be available starting April 17, 2024, at 10:00 UTC, with trading commencing on April 19. Withdrawals will be enabled on April 20.

Additionally, $MERL will make its debut as the first new coin on Hashkey Global, following the same trading schedule as OKX.

Other notable listings include Bitget, where deposits are already open, with trading set for April 19. Gate.io, Kucoin, WOO X, ByBit, and BingX are aligning with similar deposit and trading schedules.

$MERL's expansion into these major exchanges underscores Merlin Chain's robust growth and the community's unwavering support, which has been instrumental in its development. Merlin Chain's leadership team expressed gratitude for the community's role in this progress, emphasizing that these developments are just the beginning of their mission to "Make Bitcoin Fun Again" and unlock the full potential of Bitcoin through innovative Layer 2 solutions.

About Merlin Chain: The Bitcoin Layer 2 Pioneer

Merlin Chain, a native Bitcoin Layer 2 protocol, is dedicated to empowering Bitcoin's native assets, protocols, and products on Layer 1 through its Layer 2 network, fulfilling the mission to "Make Bitcoin Fun Again." Merlin Chain seamlessly integrates a ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. Within 30 days of its mainnet launch, Merlin Chain locked over 3.5 billion in TVL. 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.

Join the Merlin Chain Revolution

Website: https://merlinchain.com/

Twitter: https://twitter.com/merlin_chain

Discord: https://discord.com/invite/x547Kg9tgC

Telegram: https://t.me/merlinchain

Disclaimer: The information provided in this press release does not constitute an offer to sell or a solicitation to buy any securities. Potential investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decision.