Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Its primary objective is to empower the native assets, protocols, and application ecosystem of Bitcoin Layer 1, facilitating ongoing innovation and maximizing asset potential on Layer 2 networks. MERL is the native token of Merlin Chain which is used for: Staking: Staking $MERL contributes to the overall security of Merlin Chain. Collator Delegation: $MERL holders have the option to delegate their holdings with collators or stake $MERL to run their collators to secure the network. Network Fees: Merlin L3 has the option to use $MERL to pay transaction fees. Native Liquidity & Collateral: $MERL token can be used in the Merlin ecosystem to serve as native liquidity and collateral. How Many MERL Coins Are There in Circulation? Merlin Chain will have a total supply of 2,100,000,000 MERL at genesis, and will be delivered to the public, Merlin Eco, early supporters and initial core contributors. Who Is The Founder Of Merlin Chain? Merlin Chain is a product line of Bitmap Tech (formerly known as RCSV). Bitmap Tech has previously launched products like Bitmap Explorer and BRC-420. Bitmap Tech has long been dedicated to the Bitcoin ecosystem which was founded by Jeff. Before founding Bitmap Tech, Jeff had been an entrepreneur in the Web2 industry for over a decade, and has garnered funding from industry giants such as Sequoia Capital, IDG Capital, BAI Capital, 5Y Capital, and Vitalbridge, paving the way for one success after another. Although he had always kept an eye on the Web3 world, he never quite convinced himself to venture into the Web3 domain. It wasn't until 2023, when he saw Ordinals and the BTC ecosystem, that he decided to start constructing in the Bitcoin ecosystem in May 2023, when there was still bias against Ordinals.
How to Buy MERL on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing MERL. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing MERL.
Step 5: Purchase MERL
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of MERL you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy MERL.
Step 6: Store Your MERL
After purchasing, you can choose to store your MERL in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and MERL assets, be sure to use a strong password and enable two-factor authentication.
MERL Price:Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
Recommended Similar Coins: ZK、ENA