Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), has announced the launch of its native token, $MERL, marking a significant milestone in the evolution of the platform. Since its mainnet debut in February 2024, Merlin Chain has seen explosive growth, accumulating over $3.6 billion in TVL and fostering a vibrant ecosystem with more than 200 native DApps. $MERL operates under the Bitcoin-compatible blockchain standard BRC-20 and offers various utilities such as governance participation, network security enhancement, transaction fee payment, collator delegation, and liquidity provision.
The total supply of $MERL tokens is 2.1 billion, and their allocation follows specific rules. 20% of the total supply will be airdropped to participants of the Merlin’s Seal event, while 1% will be available for public sale through the People’s Launchpad. Private investors have access to 15.23% of the total supply through two release schedules. Strategic advisors and the core team are allocated 3% and 4.20% of the total supply, respectively, with vesting schedules aligned with the platform’s growth. Community rewards make up 16.57% of the total supply, and grants and incentives account for 40% of the tokens distributed to stimulate development and innovation on Merlin Chain.
Merlin Chain’s native token, $MERL, is set to be listed on multiple crypto exchanges, marking a significant milestone for the project. As a BRC-20 token, $MERL will be featured on OKX, Hashkey Global, Bitget, Gate.io, Kucoin, WOO X, ByBit, and BingX, with various deposit, trading, and withdrawal schedules. This expansion into major exchanges underscores Merlin Chain’s robust growth and the strong community support that has been instrumental in its development. The leadership of Merlin Chain expressed gratitude for the community’s role in this progress and emphasized their mission to “Make Bitcoin Fun Again” through innovative Layer 2 solutions.
Merlin Chain is a native Bitcoin Layer 2 protocol committed to empowering Bitcoin’s native assets, protocols, and products on Layer 1 through its Layer 2 network. The platform integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules, attracting over 3.5 billion TVL within 30 days of its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team with an overall market cap exceeding $500 million and has become one of the hottest assets on Ordinals through the BRC-420 “Blue Box” collection. The leadership of Merlin Chain aims to unlock the full potential of Bitcoin through innovative Layer 2 solutions and continue to drive the platform’s growth and ecosystem development.
In conclusion, the launch of the $MERL token represents a pivotal moment in the evolution of Merlin Chain, offering enhanced governance, security, and ecosystem development opportunities for its users. With a strong emphasis on community engagement and participation, Merlin Chain aims to foster innovation and growth in its ecosystem by rewarding active involvement and supporting projects that contribute to its expansion. The listing of $MERL on multiple crypto exchanges reflects the platform’s robust growth and the strong support from the community, underscoring Merlin Chain’s commitment to “Make Bitcoin Fun Again” and unlock the full potential of Bitcoin through its Layer 2 solutions.
