Today I saw a fan leave a message about Merlin. Let me share my opinion.
First, Merlin's online chip distribution, I have said many times that the dealer's chips are not in hand, and retail investors are also airdropped. There is no high degree of control. Only by allowing the early airdrop to smash the market and taking back the chips in the later period can the market be pulled up.
Second, Merlin Chain has locked up a large number of assets, especially Bitcoin, which is a good thing. But it did not stay. That is, the project team did not leave a benefit effect on Merlin Chain when it was unlocked. On the surface, a large number of assets are locked, but in fact, nothing is retained, leaving only the selling pressure of freeloaders.
Why didn't it stay? Merlin Chain's native assets have no money-making effect. They are all negative when the good news is realized when the coin is issued. For example, the native Voya and huhu, which are meme attributes, have been falling since the coin was issued. If others come to play on your chain, you have no money-making effect at all, how can anyone play it?
In this regard, arb did a good job. The arb chain gameplay and meme airdrops all had money-making effects.
Third, the timing of coin issuance, when the market sentiment is the worst, when the market is not good. In fact, the project must issue coins when the market is good, so that there are buyers, diamond hands, and the mood is high. If the market is bad and the mood is bad, the coins are basically gg.
Finally, whether it is Bitcoin Layer 2 or Ethereum Layer 2, these second-layer cores still suck the blood of the first-layer assets. If the first layer is pulled down, the second layer will definitely not work.
Finally, does Merlin still have a future? Everyone who asks this question is basically asking about the price of the currency. As long as Bitcoin can rise and the Bitcoin ecosystem can take off, there are still opportunities for those with project parties. When the chips are collected, the market will be pulled up at the right time, and then there will be a future.
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