| General information | |
|---|---|
| Global rank: | 346 |
| Name: |
Marlin |
| Symbol: | POND |
| Current coin price (TRY): | 0.573 ₤ |
| Last hour: | arrow_upward0.610 % |
| Last 24 hours: | arrow_upward1.82 % |
| Last 7 days: | -3.15 %trending_down |
| Capitalisation (TRY): | 4 637 767 386.11 ₤ |
| Volume 24h (TRY): | 187 120 911.64 ₤ |
| Available supply: | 8 087 375 977.00 POND |
| Total coin supply: | 10 000 000 000.00 POND |
| Start date: | 2020-12-16 |
Marlin/Turkish Lira (POND/TRY) price chart
Marlin/Turkish Lira (POND/TRY) capitalisation and volume charts
Marlin's native token is POND, which was introduced as an ERC-20 token in 2020 within the Marlin protocol. The Marlin network operates as a layer-0 peer-to-peer (P2P) blockchain system, offering scalable solutions for various decentralized internet projects. POND tokens play a role in maintaining and operating 'Metanodes', which are the protocol's indigenous validator nodes. These tokens also endow holders with voting privileges in the POND DAO. In addition to POND, the Marlin network has another token, MPOND, which plays a significant role in the network's governance. These tokens serve as an insurance fund to compensate for any SLA violations. Marlin's core objective is to enhance the performance of decentralized systems by providing a fast relay network. This aims to accelerate transactions and reduce latency in online services, making it ideal for sectors like decentralized finance and gaming. Marlin prioritizes real-time interactions and prompt transactions, catering to applications requiring swift responses, such as live streaming and online gaming.
The POND token functions within the Marlin network as a means to incentivize members for contributing network bandwidth and participating in governance tasks. It's employed to delegate to Marlin nodes and serves as a reward for proper operation of the relay network. Those holding POND tokens have the privilege to cast votes on governance matters, including determining how treasury funds are used and the distribution of network resources.
In 2020, Siddhartha Dutta, Prateesh Goyal, and Roshan Raghupathy co-founded Marlin, inspired by the challenges they identified in the growth of decentralized systems.