[Bitcoin Layer2 Merlin chain releases half of MERL airdrop tokens on TGE]
Since its launch in February 2024, Merlin Chain has quickly become a significant player in the cryptocurrency industry. Not only is this platform committed to introducing innovation and improving the efficiency of the Bitcoin ecosystem, it has also accumulated more than $3.6 billion in total value locked (TVL) in a short period of time, demonstrating its rapid growth.
In addition, Merlin Chain has launched more than 200 decentralized applications (DApps) across multiple industries such as DeFi, gaming, social and infrastructure, demonstrating its core role in improving the utility and accessibility of Bitcoin.
Recently, Merlin Chain introduced its own native token, MERL, which is a key milestone in its development. The launch of the MERL token aims to strengthen governance, security and the overall development of the ecosystem within the platform. As part of the token issuance plan, 50% of MERL will be released via airdrop during the Token Generation Event (TGE), and the remainder will be distributed over the next five months.
This distribution model strives to ensure equitable access and encourage community participation. Users will need to bind their Ethereum Virtual Machine (EVM) address on the designated interface to participate in the airdrop, which is scheduled to take place on April 19 at 14:00-16:00 UTC+8. Trading platforms such as OKX and HashKey Global have confirmed support for MERL trading, furthering the token’s integration into the cryptocurrency ecosystem.
The launch of the MERL token has had a profound impact on Merlin Chain and opened a new chapter in governance and security. With the MERL token, stakeholders will be able to participate in network decision-making to a greater extent, promoting the establishment of a more decentralized and flexible ecosystem. Additionally, MERL’s integration also paves the way for greater interoperability and synergy within the broader cryptocurrency industry.
Going forward, the positive response from exchanges bodes well for Merlin Chain and its MERL token, highlighting its potential to reshape the Bitcoin ecosystem and drive industry progress.
