Merlin Chain, a significant player in Bitcoin Layer 2 solutions, has unveiled its native token, MERL, enhancing its ecosystem's capabilities. Since its February 2024 mainnet debut, Merlin Chain has rapidly gained traction, securing over $3.6 billion in total value locked and fostering over 200 decentralized applications (DApps). The MERL token, governed under the BRC-20 standard, has a total supply of 2.1 billion tokens. It offers various functionalities including voting rights in governance, staking for network security, and use in transaction fees and liquidity provisions within the ecosystem.
Merlin Chain's strategic token distribution encompasses airdrops, public and private sales, and allocations for community rewards, aiming to boost engagement and development across its platforms. The upcoming listings of MERL on prominent exchanges like OKX and Hashkey Global further signify its growing influence and adoption.
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