Merlion introduces three major advantages of a community blockchain network
1、Merlion pioneers the community block Proof-of-Stake (POS) token network
The Merlion community pioneers the Community Block Proof-of-Stake (POS) token network, aiming to strengthen the development of blockchain networks through cryptographic token technology. The community itself gradually integrates into the project’s block token network. The community uses the unique and distinctive nature of NFTs to identify themselves within the POS mechanism, ensuring that all community members can fairly receive corresponding community rewards.
The initial genesis nodes of the Community Block POS token network will be announced promptly. Only those who possess the initial genesis nodes will be granted special privileges within the community. The initial genesis nodes are responsible for verifying the validity of the POS for the respective block nodes. Such a mechanism ensures that any member of the community, regardless of their location, can fairly and equitably receive block rewards. The uniqueness of NFTs plays a crucial role in completing the node’s POS proof.
2、Cross-node auxiliary validation for fair incentives
The community block POS token network identifies on-chain assets and identities and distributes corresponding community block incentives based on the incentive and POS proof rules associated with each node. POS proof allows for the invocation of data from three adjacent nodes for cross-node auxiliary validation, ensuring the accuracy of on-chain data. As nodes provide cross-node auxiliary validation for adjacent nodes, they receive additional contribution rewards.
The mechanism of POS proof and cross-node auxiliary validation with three adjacent nodes ensures that the earnings of any node are fair and addresses the issue of unfair earnings due to timestamp discrepancies. In addition to the block validation performed by genesis nodes, the more extensive the cross-node auxiliary validation performed by block nodes, the greater the incentives they receive. This mechanism promotes fairness and incentivizes nodes to actively participate in the network validation process.
3、The full liquidity of assets in a tokenized blockchain network
The initial blockchain network evolves within the community, where NFTs become crucial for POS verification. Therefore, the tokenized blockchain network will have a well-funded NFT Staking pool, which deepens and strengthens as the network develops. The majority of tax revenue from the NFT Staking pool will contribute to the buyback and burning of Merlion tokens, resulting in continuous token deflation. Additionally, a portion of the tax revenue from the token pool will be reinvested into the NFT Staking pool to reward community nodes. As a result, the entire tokenized blockchain network forms an economic model with full asset circulation, supported by the bond of taxation, which benefits both the project and the community’s development.
The tokenized blockchain network exhibits asset fungibility, which means that the tokenized assets within the network can be freely exchanged, transferred, and circulated. Each participant can own and manage their tokenized assets within the network, engaging in transactions and transfers according to their needs.
Through the mechanisms of the tokenized blockchain network, the ownership and transfer of assets can be verified and executed through smart contracts on the blockchain, ensuring transaction security and transparency. This asset fungibility enables users to participate more freely in economic activities, facilitating asset liquidity and market development.
The asset fungibility within the tokenized blockchain network also opens up possibilities for innovative applications. By utilizing smart contracts and tokenization, a wider range of assets can be digitized, including physical assets, digital assets, virtual assets, and more, providing new opportunities for innovation across various industries and sectors.
Overall, the asset fungibility within the tokenized blockchain network offers participants greater flexibility and convenience, driving the development and innovation of the digital economy.
