M-Token Tutorials

M-Token User Scenarios and Playbook

Experience: M-Token will be used to experience ecological products and interact with ecological protocols on Merlin Chain, improving asset utilization and witnessing ecological development. For example, M-Token can provide liquidity for DEX and participate in DeFi lending, providing additional income for holders.
Trading: M-Token can be seen as the native token of the Merlin Chain ecosystem, and holders can directly trade it. Additionally, external new users who want to participate in experiencing Merlin ecosystem dApps will directly exchange their original assets with M-Token holders. However, due to the time cost of waiting for Merlin to release the original assets and bearing the implicit volatility risk during this period, selling M-Token on the market to redeem the original assets will incur a certain discount, and the exchange rate will be determined entirely by the market.

Staking: Users cross-chain their assets to Merlin Chain via the official cross-chain bridge of Merlin Chain. The accessed assets will be automatically stored in an MPC wallet managed by professional partners such as Cobo and locked.
Claiming: Based on the locked asset category, users choose to claim M-Token, and will automatically receive corresponding mapping assets on Merlin Chain.
Experience or Trade: Dispose of M-Token on your own, which can be used for ecological interaction or direct trading.
Points: Participate in Merlin Seal staking to earn M points rewards. Even if you choose to sell M-Token, the staking rewards will not be deducted. These points can be redeemed for Merlin Chain token MERL airdrops in the future.
Redemption: As the proof of staking itself, M-Token will be used to redeem the original assets after the original asset staking pool is unlocked in April of this year.

If personal contract authorization or private key leakage occurs, resulting in the loss of M-Token, it will not be recoverable, and subsequent redemption of pledged assets will also be impossible.
If M-Token has been sold or used in the market, redemption of pledged assets will not be possible.