Bitget Lists MERL token on Launchpool: Unlocking the L2 Power of Bitcoin

Victoria, Seychelles, April 17th, 2024, Chainwire

Bitget, a leading crypto exchange and web3 company, is thrilled to announce the initial listing of MERL, the native token of Merlin Chain, on its Launchpool. Merlin Chain is a groundbreaking Layer2 solution dedicated to unleashing the full potential of Bitcoin’s native assets, protocols, and products on Layer1 through its innovative Layer2 network.

At its core, Merlin Chain harnesses the power of Polygon’s ZK technology to provide a scalable and efficient Layer2 solution for the Bitcoin ecosystem. This integration enables seamless interoperability between Bitcoin’s native assets and a wide range of decentralized applications (dApps) and protocols built on Merlin Chain.

One of the key features of Merlin Chain is its decentralized Oracle network, which ensures reliable and secure data availability for the network. Powered by Lumoz’s decentralized ZK computing power network for Zero-Knowledge Proof (ZKP) computation, Merlin Chain leverages robust cryptographic techniques to verify and validate data transactions on its network.

Moreover, Merlin Chain’s innovative architecture enables challengers to present fraud proofs on disputed matters, leveraging Bitcoin’s robust consensus mechanism to maintain the integrity and security of the network. This ensures that Merlin Chain remains resilient against potential attacks and fraudulent activities, providing users with peace of mind and confidence in the reliability of the platform.

“We are excited to welcome MERL to the Bitget platform,” said Gracy Chen, Managing Director at Bitget. “Merlin Chain represents a significant milestone in the evolution of the Bitcoin ecosystem, offering a scalable and efficient Layer2 solution that unlocks new possibilities for Bitcoin’s native assets and protocols. With MERL now available for trading on Bitget, users can easily access and participate in the growth of this innovative project.”

As MERL makes its debut on Bitget, the platform reaffirms its commitment to supporting cutting-edge blockchain projects that drive innovation and foster the growth of the digital asset ecosystem. Bitget users can now trade MERL tokens and participate in the exciting developments taking place on the Merlin Chain network.

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including BTC, ETH, SOL and more. Throughout 2023, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets. 

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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