Merlin Chain announces token economic model, MERL will be listed on centralized exchanges on April 19-web3资讯-ODAILY

On April 19, 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 Bitcoins 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 Layer 2, 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.

Merlin Chain announces token economic model, MERL will be listed on centralized exchanges on April 19

$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 the 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 transaction fees 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 Chain announces token economic model, MERL will be listed on centralized exchanges on April 19

Merlins Seal - 20.00%

20.00% of the total supply of MERL will be airdropped to Merlins Seal participants. Merlins 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
Month 1 (TGE): 210,000,000 $MERL
Month 2: 105,000,000 $MERL
Month 3: 52,500,000 $MERL
Month 4: 26,250,000 $MERL
Month 5: 13,125,000 $MERL
Month 6: 13,125,000 $MERL

Public Sale - 1.00%

1.00% of the total $MERL supply will be available for public sale (Peoples Launchpad).

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

Release plan:

No lock-up
Month 1 (TGE): 10,500,000 $MERL
Month 2: 5,250,000 $MERL
Month 3: 2,625,000 $MERL
Month 4: 1,312,500 $MERL
Month 5: 656,250 $MERL
Month 6: 656,250 $MERL

Private placement - 15.23%

15.23% of the total $MERL 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 the total $MERL 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, released within 30 months.

Team - 4.20%

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

Release plan:

24-month lockup, then release within 24 months.

Community - 16.57%

16.57% of the total $MERL 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 total $MERL supply will be allocated through the ecosystem incentive program to accelerate the prosperity of the Merlin Chain native application ecosystem by rewarding builders, contributors, and partners.

Release plan: