Merl coin is featured on Binance Alpha lets dive in to see which problem it is solving in Crypto Space and how much potential it have
What is $MERL ?
Merlin Chain is a L2 chain on Bitcoin it uses ZK-Rollup Networks to make transaction Faster & Cheaper. It also uses Decentralized Oracle Networks to bring real world data to Bitcoin and fraud proofs to prevent cheating.
Investers
Top investers like OKX ventures, Kucoin, Foresight ventures, ABCED ventures, ArkStream Capital, WaterDrip Capital, SkyLand ventures and many others have invested in Merlin Chain.
Founder
Merlin Chain is a product of Bitmap Tech which was founded by Jeff. Bitmap Tech is working on Bitcoin network for a long time and they have also launched Bitmap Explorer and BRC-420 Token Standard.
Merl Coin Utility
Merl coin is used for :
Staking
Delegate Merl to validators to secure network
Network fees
Provide Liquidity
For Collateralization
Tokenomics
Total supply: 2.1B
Circulating supply: 725M
Market Cap: $64M