bitSmiley Rewards MerlinChain Community with 3.15 Million BIT

IconCNT16 May, 2024

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bitSmiley Rewards MerlinChain Community with 3.15 Million BIT

bitSmiley, a Bitcoin DeFi project recently launched on the Bitcoin layer 2 solution MerlinChain (MERL), is offering liquidity incentive rewards of up to 3,150,000 BIT (1.5% of the token supply) to the Merlin community. This move is a significant development in the blockchain industry, demonstrating the growing collaboration between different projects and communities. bitSmiley operates on the Merlin Network, a layer-2 solution for Bitcoin that offers fast, secure, and low-cost transactions. By leveraging MerlinChain, bitSmiley can provide innovative decentralized financial (DeFi) services to the Bitcoin ecosystem. The liquidity incentive rewards will further enhance the liquidity and utility of BIT, the native token of bitSmiley, within the MerlinChain ecosystem. The partnership between bitSmiley and MerlinChain is a strategic move that will benefit both projects and their communities. bitSmiley gains access to a large and engaged user base, while MerlinChain expands its DeFi offerings and strengthens its position in the Bitcoin layer-2 landscape. Previously on 16 May 2024, bitSmiley had announced its official launch on MerlinChain, setting the stage for this latest development.

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