I have been studying Merlin these days, and it is very troublesome to find a lot of information. Newbies rarely find information or learn anything when doing research, so I compiled some content so that everyone can better understand Merilin, and How to play airdrops and play with the assets of Inscription and BTC ecology. Let’s explain it from the following aspects.

1.Introduction to Merlin's Seal

2. How to get $MERL airdrop

2 aspects will help you understand BTC Layer2 with one click

1. About Merlin Chain

Merlin Chain is a Bitcoin Layer 2 that integrates the ZK-Rollup network, a decentralized oracle network and an on-chain BTC fraud prevention module. Merlin Chain is committed to empowering native assets, protocols and products on Bitcoin Layer 1 through the Layer 2 network. Merlin Chain is a subsidiary product line of Bitmap Tech, a top OG team with a total market value of more than 500 million US dollars. Bitmap Tech’s BRC-4 ​​20 “Blue Box” series has become one of the hottest assets on Ordinals.

OKX Ventures, ABCDE, Foresight Ventures, Arkstream Capital and other 24 institutions participated in the investment

Generally speaking, Merlin Chain has filled more BTC ecology with more opportunities, such as our inscription assets, which have been widely used. You can also simply think that he is also the Defi of BRC20. Many BRC20 assets can now be pledged, such as the head AI track inscription Ainn, community attribute head RATS, leading ORIN, etc., which we know can be pledged to obtain airdrops and locked up in disguise. When the inscription breaks out, you can not only obtain the inscription You can also get airdrops from Merlin with your own profits.

2. $MERL Token and airdrop

About $MERL:

Total amount: 2,100,000,000

Launch price: $0.00004762

Quantity of this launch: 21,000,000 (1%)

Estimated emission volume: 100,000 U

During Merlin’s seal period, you can get four kinds of rewards

1. Account for 20% of the Merlin Chain governance token $MERL. This is the largest staking reward in all of Layer2.

2. Provide additional benefits of liquidity for Native Dex - Merlin Swap.

3. Profits gained from participating in DeFi protocols.

4.$ETH Native Yield, the equity reward for depositing $ETH through StakeStone.

M points rule

Snapshots will capture staked assets every hour, converting their value into BTC USD. The user will then receive daily M Points equal to (staking value in BTC) * 10,000 per day, rounded up.

For example, if the user stakes 10 $ORDI, the average daily snapshot price of $ORDI is $60, and the average snapshot price of $BTC on that day is $40,000, the user will receive M points. The calculation formula is as follows: (10 60) / 40,000 = 0.015 $BTC, That is 0.015 10,000 = 150 M points for the next day.

Users can choose to continuously pledge new assets to accumulate more M points. Daily M-point calculation is based on the total staking value of the previous day. Each user’s final $MERL = (M points they received / total M points) * Total $MERL.

I have now staked the AINN I have on hand, and you can get more rewards by staking in a team:

1 BTC: +0.1% for team leaders, +0.05% for team members

5 BTC: +0.2% for team leaders, +0.1% for team members

10 BTC: +0.4% for team leaders, +0.2% for team members

50 BTC: +0.8% for team leaders, +0.4% for team members

100 BTC: +1.2% for team leaders, +0.6% for team members

Team code: QJOZX

Time stage:

Stage 1

Starting in early February, users can stake $BTC, $Bitmap, $ETH, $USDT, $USDC, and some BRC20 and BRC420 assets and receive M points every day. More assets will be supported later.

Stage 2

The system for generating liquid staking tokens on Merlin Chain will go live within two weeks. Once operational, users will receive liquid staking tokens on the Merlin Chain, facilitating interaction and profit generation.

The third phase

In March, users will be able to claim $MERL rewards based on their accumulated M Points.

Stage 4

In April, users will be able to withdraw pledged assets using M-Token.

Summary: Now you can put your assets in and pledge them to get points, especially the inscriptions, which are simply mandatory to earn interest. While the inscriptions increase in value, you can also get points in exchange for tokens.

Merlin website: https://merlinchain.io/

Reference: https://medium.com/@merlinchaincrypto/merlins-seal-the-biggest-fair-launch-of-layer2-5614001b2582