Merlin Token ($MERL) is the token of the Merlin ecosystem. As the native token of the broader Merlin Ecosystem, $MERL will be the financial force to of most of the financial activities in the ecosystem.
MINTED IN PROPORTION TO BNB
The Merlin token ($MERL) is minted in proportion to the Binance Coin (BNB) that is minted on the liquidity pool – Merlin Vaults.
This is on the grounds that the Merlin project is created on the Binance Smart Chain (BSC) – and consequently, is attached to the native coin of Binance Smart Chain (BNB)
TOKEN DEFLATIONARY MECHANISMS
The Merlin token ($MERL) will before long feature deflationary mechanisms that are intended to decrease the supply of the token gradually.
The deflationary system will before long be launched and would be utilized for decreasing the supply of the token so the worth of the Merlin token ($MERL) will soar within some time.
The deflationary mechanisms of the Merlin token ($MERL) are into two: Buyback Mechanism & Lottery
*Buyback Mechanism:
50% of the burn contribution from the Merlin token ($MERL) will be utilized for performing some market buybacks of the Merlin tokens ($MERL).
This is set up to help the Merlin team in controlling the worth of the Merlin tokens ($MERL), particularly when the market is unstable.
Pesently, the 2 are the essential deflationary mechanisms of the Merlin token ($MERL). In the coming months, more deflationary mechanisms will be introduced with assistance in stabilizing the value of the $MERL tokens.
https://www.merlinlab.com
*Lottery:
The Merlin high yield DeFi project are working to create a lottery system that makes extra reward mechanisms for the users.
The deflationary properties of the Merlin token ($MERL) are required here. From the proposed deflationary specifications, the Lottery part of the Merlin token ($MERL) will take up half of the burn contribution from the deflationary properties of the $MERL token.
The 50% burn contribution will be utilized for buying more Merlin tokens ($MERL) that would be additionally infused into the Merlin Lottery plan to build the winning accessible for the winning of the lottery pot.
Out of that, 20% of the lottery prizes would be burnt.
To Know More About Merlin Visit The Links Below:
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/MerlinLab_?s
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/
Website: https://www.merlinlab.com
Writen By: Sirvic25
Telegram username: @Emg6449
Twitter: @Trendyworlds1
BSC Address: 0x7BAfA3a618bC92DD8Dd197aEC075420A27fB1eB2