Merlin Chain Price (MERL)

Merlin Chain (MERL) Price Now

Merlin Chain price today is $0.4319 with a 24-hour trading volume of $26,983,308. MERL price is down -7.71% in the last 24 hours. It has a circulating supply of 245.7Mil MERL tokens and a max supply of 2.1Bil.
In order to search for real-time and historical information about Merlin Chain (MERL) blockchain, including data related to blocks, transactions, addresses, and more, you may use Merlin Chain (MERL) block explorers. Here are some of the most popular and useful Merlin Chain (MERL) blockchain explorers out there:

• scan.merlinchain.io

What Is Merlin Chain(MERL)?

A Native Bitcoin Layer2 powered by Bitmap Tech, building upon the native assets, protocols, and products on Bitcoin Layer1, to Make Bitcoin Fun Again. Merlin Chain supports bitcoin-native wallets. Empowered by the Particle Network's account abstraction, users can use their bitcoin wallets to seamlessly switch between L1 and L2 . Users can also experience $BTC swaps with other tokens, such as stablecoins, at any time without having to switch to an EVM wallet.

Merlin Chain aims to expand the native innovation from Bitcoin Layer 1 to Layer 2. This includes supporting all kinds of Bitcoin Layer 1 assets, building dApps with 'fully on chain' spirit of Bitcoin, and community driven assets launching method. Merlin is trying to build a EVM compatible chain for Bitcoin, to unleash the potential of Bitcoin and Ordinals.

Merlin Chain(MERL) Advantage

Merlin Chain offers Bitcoin's cutting-edge Zero-Knowledge (ZK) scaling solution with the following advantages:

• Security: Inherits the security of Bitcoin while providing additional advantages in L2 batch processing scalability.
• EVM Compatibility: Supports the majority of existing smart contracts, developer tools, and wallets, ensuring seamless interoperability.
• Low Cost: Utilizes ZK proofs combined with zkSNARK to reduce space consumption in L1, optimizing transaction costs for users.
• High Performance: Achieves rapid network finality through frequent validity proofs and attains ultimate scalability through recursive STARK.

How Does Merlin Chain Work?

Merlin Chain is one of the BTC L2s, being developed by Bitmap Tech (formerly Recursiverse) , the team that built BRC-420 protocols and Bitmap.game, and is highly valued by the community due to the team's past successes.

BRC-420

• The BRC-420 protocol supports the combination/recursion of any file format to form a more complex inscription. 
• It now has 1000+ developers and 600+ collections, and has been an excellent performer even during the bear market, the price only going up and never falling. Its core asset, the Blue Box, has risen from an inscription cost of $0.15 to an ATH floor price of $26,000.

Bitmap.game

• Bitmap.game is a fully on-chain, fully decentralized, fair-launch metaverse project. 
• Its marketcap has risen from $3 million to a ATH floor price of $290 million. With more than 30,000 holders, Bitmap has surpassed the Sandbox as the metaverse asset with the highest number of holders across all blockchains.

How to claim $MERL?

Now you can claim $MERL here https://airdrop.merlinchain.io

1. Please bind your EVM address (from Metamask) to claim. This is because most CEXs don't accept transfers from AA wallet. DO NOT input your aa address.
2. 50% will be released on TGE, and 25%/12.5%/6.25%/3.125%/3.125% will be released in next 5 months.
3. Merlin was launched in Feb, and token is released in April. With 10.5% on TGE for users and 21%+ total in 6 months, this is the BIGGEST fairlaunch for any Layer 2.
4. Only user's token will be circulating in the market in first 6 months. Teams will have linear vesting after 24 months cliff, and investors are locked for 24-48 months too.
5. After you claim the $MERL, we will do the airdrop 6-8 am UTC 4/19. 

$MERL Release Schedule

$MERL will be distributed over a four-year timeline following the release schedule outlined below, with the allocations for users having no cliff.

Merlin's Seal — 20.00%

20.00% of MERL total supply will be airdropped Merlin's Seal participants. The event's impressive $3.6 billion TVL, with 91% coming from the Bitcoin native community (including $1.75 billion in BTC and $980 million in BRC-20 assets), highlights the Bitcoin ecosystem's recognition of Merlin Chain. Your unwavering support has been crucial to Merlin Chain's rapid growth and expansion in recent months.

Check your $MERL

Release Schedule:

• 210,000,000 $MERL for the 1st month (at TGE).
• 105,000,000 $MERL for the 2nd month.
• 52,500,000 $MERL for the 3rd month.
• 26,250,000 $MERL for the 4th month.
• 13,125,000 $MERL for the 5th month.
• 13,125,000 $MERL for the 6th month.

Public Sale — 1.00%

1.00% of $MERL total supply will be allocated for public sale (People's Launchpad).

Check your $MERL

Release Schedule:

• 10,500,000 $MERL for the 1st month (at TGE).
• 5,250,000 $MERL for the 2nd month.
• 2,625,000 $MERL for the 3rd month.
• 1,312,500 $MERL for the 4th month.
• 656,250 $MERL for the 5th month.
• 656,250 $MERL for the 6th month.

Private Sale — 15.23%

15.23% of $MERL total supply will be allocated for private investors, with two types of release schedule.

Release Schedule:

• Type A: 6 months cliff and 18 months vesting.(1.33% of total supply)
• Type B: 12 months cliff and 36 months vesting.(13.90% of total supply)

Advisors — 3.00%

3.00% of $MERL total supply will be allocated for our esteemed advisors. The achievements of Merlin Chain are significantly attributed to the support of these industry leaders.

Release Schedule:

• 6 months cliff and 30 months vesting.

Team — 4.20%

4.20% of $MERL total supply will be allocated for our dedicated core team, who continuously contribute to the development and growth of Merlin Chain over the past year.

Release Schedule:

• 24 months cliff and 24 months vesting.

Community — 16.57%

16.57% of $MERL total supply will be allocated as rewards for our supportive community throughout future ecosystem initiatives.

Release Schedule:

• No cliff, 48 months vesting.

Ecosystem — 40.00%

40.00% of $MERL total supply will be distributed through ecosystem grants and incentives to foster a thriving application landscape on Merlin Chain. By rewarding contributors, builders, and partners, we aim to accelerate the development of innovative applications that leverage the security and prosperity of Bitcoin.

Release Schedule:

• No cliff, 48 months vesting.

Merlin Chain (MERL) Community

• Twitter: https://twitter.com/MerlinLayer2
• Discord: https://discord.com/invite/merlinchain
• Telegram: https://t.me/merlin_chain

What is Merlin Chain (MERL) Contracts address?

• Merlin Chain: 0x5c46bFF4B38dc1EAE09C5BAc65872a1D8bc87378