Merlin Chain Launches PoS PreStage Campaign: Staking $MERL for Network Decentralization

Merlin Chain has announced the PoS (Proof-of-Stake) PreStage Campaign to transition toward a more decentralized and secure ecosystem driven by BTC staking. This phased staking event allows $MERL token holders to participate in early network validation and earn rewards ahead of the upcoming Mainnet upgrade.

Campaign Overview

1. Phases and Rules

The PreStage campaign consists of three distinct phases, each with a staking cap and varying Annual Percentage Rates (APR):

Phase 1: The First Summoning

• Duration: February 10, 14:00 GMT – February 17, 13:59 GMT
• Staking Cap: 10 million $MERL
• APR: 100%
• Mechanics: First-come, first-served; the vault closes once filled.

Phase 2: The Grand Summoning

• Duration: February 17, 14:00 GMT – February 24, 13:59 GMT
• Staking Cap: 20 million $MERL
• APR: 50%
• Mechanics: Expanded validator participation with competitive rewards.

Phase 3: The Final Summoning

• Duration: Begins February 24, 14:00 GMT onward
• Staking Cap: Unlimited
• APR: 15% (long-term stable rate)
• Mechanics: Final opportunity before Mainnet activation.