Merlin: Burning, Lottery, Lotto
Controlling Merl Supply
There is no definite amount of MERL tokens that will be provided to the community by the supervisory group. This might be a source of stress and danger to the resource of the users during market volatile conditions. It is stamped in the extent of BNB acquired on the platform. Subsequently, the team has a few measures executed to control the inventory of the tokens to ensure its value. Such include:
Burning
half of the consume commitment is utilized to repurchase MERL tokens as a deflationary measure in order to balance out its value.
Lottery
half of the burn commitment is diverted to get MERL tokens and marked in a lottery pot.
Merlin Lab's Upgraded Strategy
The Merlin community has a few measures carried out in the system lab to shield it from attacks. Such include:
Execution of Fair LP Price calculation
This is the mix of reasonable assetmcost with reasonable assets save to understand a reasonable LP token value that is protected from attacks and can't be controlled.
Avoidance of external Smart contract interaction
To control and decrease flash loan attacks which can happen through smart contracts, Merlin has prohibited outer smart contracts from communicating with its contracts.
Presentation of Insurance policies
Merlin community would secure a protection strategy cover for their smart contracts against the disappointment of the contractractual arrangements.. They have closed a plan with Sotera to give the protection services.
The administration will consistently lead keeps an eye on the smart contracts to
guarantee its security and improve its norm.
Lotto
Merlin lotto is a lottery platform set up by the Merlin team to improve the existences of its community individuals. It works as follows:
The ticket for the lottery draw is bought with 0.2 MERL by any interested member.
At least 50 tickets can be purchased at a time.
Each lottery ticket has an exceptional 4 digit number (going from 1 to 16) connected to it. The numbers will be contrasted and should coordinate precisely and the lottery drawn numbers for the ticket owner to make it big.
Tickets that have 2 or 3 coordinating with numbers with the drawn numbers have a possibility of winning a prize.
The lottery winning numbers are drawn once day by day, i.e one meeting each day.
USEFUL LINKS:
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/Merlinlab
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/
Website: https://www.merlinlab.com
Written by: Getready2020
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Bsc address: 0xE0e76b5E83b1b11dB0bc1Dbf217Eb1c0cdB7d0Ec