Merlin Chain's First BTC DeFi Token Sees Huge Success in Presale

Bittime - A huge success for Mineral, coming from Merlin Chain's first Bitcoin-native DeFi project . 

Their second-tier treasury token, $MNER, has completed a new pre-sale, exceeding their target by 10 times. This pre-sale raised a total of 150 BTC, which is more than $10 million USD.

What is a Merlin Chain?

Merlin Chain is a Layer 2 solution built on the Bitcoin network. It aims to improve Bitcoin's scalability and functionality by enabling smart contracts , decentralized applications (dApps ), and DeFi protocols. 

By leveraging ZK-Rollup technology , Merlin Chain facilitates faster and cheaper transactions while still inheriting the security of the Bitcoin blockchain.

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Mineral - DeFi pioneer for Bitcoin

Mineral represents a breakthrough innovation in the DeFi space. This is the first native DeFi project built on the Merlin Chain, designed specifically for the Bitcoin ecosystem. This project introduces a new approach to sustainable DeFi through a dual-token model and RWA (Real World Asset) income.

Dual-Token Model and RWA Integration

Minerals use a two token system:

• $MNER: A second-tier treasury token that has just completed its pre-sale.
• BTC-based token (Approximate): Details regarding this token have not been disclosed.

This model drives a sustainable DeFi ecosystem for treasury by enabling the accumulation of interest-earning assets through RWA income . 

Although RWA integration details have not been disclosed, this suggests that Mineral may connect DeFi with real-world assets, potentially creating a more robust and reliable financial system.

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Restaking Partnership in Sight

The Minerals Project has also announced plans for future collaboration with other projects in the form of a restaking initiative. Restaking allows users to earn additional rewards by locking up their existing holdings in DeFi protocols. This partnership could further increase the utility and appeal of the $MNER token.

The Future is Bright for DeFi on Bitcoin

The incredible success of Mineral's pre-sale underscores the growing interest in DeFi solutions for the Bitcoin ecosystem. Merlin Chain's innovative approach paves the way for a future where Bitcoin users can take advantage of the benefits of DeFi without sacrificing security or scalability.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also read:

Latest RWA Opportunities: Can Now Be Invested in Small Denominations with Tokenization

What Are Real World Assets (RWA), 5 Crypto Coins & Blockchains That Use the RWA Narrative

RWA Report in 2024: These 3 Things Are Evidence of the Rise of Real World Assets in Crypto

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.