Our latest campaigns are here, this time with Merlin Chain (MERL)!
Merlin Chain is an innovative Bitcoin Layer 2 solution designed to enhance Bitcoin’s scalability, functionality, and security. By integrating cutting-edge technologies like ZK-Rollups, decentralized oracle networks, and fraud-proof mechanisms, it improves the Bitcoin ecosystem without altering the core protocol.
Through ZK-Rollups, Merlin Chain aggregates and compresses transactions, submitting them to Bitcoin’s Taproot for increased efficiency. It also ensures data integrity and transparency by using decentralized oracles and zero-knowledge proofs. Merlin’s fraud-proof system further enhances security by providing an additional layer of data verification, reinforcing trust in the network.
Trade to Earn & Deposit to Earn Campaigns
Details:
Participants who trade (buy or sell) or deposit a minimum of 20 USDT worth MERL tokens during the campaign period will have a chance to split a prize pool of up to 64k MERL tokens.’
Prize Pool:
- Deposit to Earn: 32,000 MERL
- Trade to Earn: 32,000 MERL
Campaign Period
April 28th, 2025, 6 PM (UTC+8) – May 5th, 2025, 6 PM (UTC+8).
About Merlin Chain
Launched in January 2024 by Bitmap Technology, Merlin Chain is a Layer 2 network built on top of Bitcoin with the goal of expanding its capabilities. Instead of trying to replace Bitcoin, Merlin enhances it by introducing modern features like ZK-Rollups, decentralized oracles, and fraud-proof mechanisms. These upgrades make Bitcoin faster, more scalable, and easier for developers to build on, paving the way for a new wave of applications, games, and tools anchored to Bitcoin’s secure foundation.
Merlin uses zero-knowledge rollups to bundle transactions and submit them to Bitcoin with cryptographic proofs that verify validity without revealing full transaction details. This is done using Taproot to ensure finality and security. The system consists of nodes for transaction handling, a zkProver that generates SNARK-based proofs, and a database for storing Merkle Tree data and history. This structure allows Merlin to scale effectively, reduce costs, and support Ethereum-style smart contracts within the Bitcoin ecosystem.
Its decentralized oracle network relies on sequencer nodes that batch and verify user transactions before posting summarized state roots to Bitcoin, along with ZK proofs. This method keeps data private and minimizes on-chain storage. Users can stake BTC, MERL, and BRC-20 tokens to run nodes and earn rewards, all managed transparently through smart contracts. For data availability, Merlin partners with platforms like Celestia and Nubit to ensure all transaction data is publicly accessible and verifiable, while rollups and apps take over long-term data storage.
To keep the network efficient and secure, Merlin uses a two-step submission process for zero-knowledge proofs, starting with a hash and followed by the full proof. Provers are rewarded for correct submissions based on their stake. Merlin also includes a fraud-proof system built on Bitcoin’s infrastructure, allowing anyone to challenge faulty data. Provers must then reveal specific computation steps to confirm accuracy, ensuring trust and honesty throughout the network.
Merlin Chain (MERL) Token Distribution
- Merlin’s Seal Participants (20.00%) – Airdropped to participants in Merlin’s Seal event.
- Public Sale (1.00%) – Allocated for the public sale via the People’s Launchpad.
- Private Investors (15.23%) – Allocated to private investors in two rounds: A round (1.33%) and B round (13.90%).
- Advisors (3.00%) – Allocated to advisors.
- Team (4.20%) – Allocated to the team.
- Community (16.57%) – Allocated for future ecosystem plans and community rewards.
- Ecosystem (40.00%) – Allocated for ecosystem grants and incentives to foster a thriving application environment on Merlin Chain.
MERL Tokenomics
- Standard: BRC-20
Supported Chains: Native to Bitcoin protocols (e.g., BRC-20, BRC-420, Bitmap), with support for EVM-compatible chains via bridging or wrapping. - Total Supply: 2,100,000,000 MERL
Merlin Chain Official Links
Trade MERL tokens on BTSE now!
Terms and Conditions:
- The minimum trading volume to participate is 20 USDT worth of MERL tokens.
- The minimum depositing volume to participate is 20 USDT worth of MERL tokens.
- By fulfilling the event criteria, you become eligible for the prize draw. However, please note that participating does not guarantee a win.
- All token rewards will be credited to the winners’ accounts within 30 business days after the campaign ends.
- Multiple registrations of BTSE accounts are strictly prohibited. Users who violate this rule will be disqualified from this event.
- Trading must be conducted through your BTSE main account; sub-accounts and main accounts will be considered as the same account.
- BTSE reserves the right of final interpretation for all aspects of this event and the right to disqualify any participant if, at BTSE’s sole discretion, it reasonably believes that the participant has attempted to undermine the event’s legitimate operations by cheating, deception, or other fraudulent behavior, or annoys, abuses, threatens, or harasses other participants or BTSE’s event administrators.
- BTSE reserves the right to amend the Terms and Conditions of this event without prior notice.
- Participants must comply with all terms and conditions as well as other BTSE policies.
- BTSE employees are not permitted to participate in this event.
