POND Coin

Founded by former Microsoft, Samsung, and Cisco engineers and researchers from MIT and the Ethereum Foundation, Marlin is an open protocol that allows faster transfer of blocks, transactions, and data between miners. Marlin aims to deliver performance without sacrificing core principles of decentralization and security.

Marlin is an open protocol that provides high-performance programmable network infrastructure for DeFi and Web 3.0. Nodes in the Marlin network, called Metanodes, run MarlinVM, which provides a virtual router interface for block scaling and low-latency memory pool synchronization for business professionals. Its native utility token POND is used to run validating nodes on the network through staking, evaluate network performance, and compensate users from an insurance fund in the event of SLA violations.

Marlin aims to enable a decentralized web where applications secured via blockchain perform indistinguishably from users accustomed to Web 2.0.

How Does Marlin Work?

Marlin is built on the Ethereum network and provides developers and users with a variety of tools to optimize their applications, including:

Multicast SDK

Allows developers to design applications, such as games, streaming applications, to connect to and interact with the Marlin network. It acts as a universal building block and provides real-time communication between its nodes.

Marlin Cache

is a distributed event-driven storage system for Dapps that uses indexing strategies to reduce blockchain queries. 

Marlin Gateway

Designed for exchanging chunks and transactions without centralized nodes. By using low-latency relays, traders can take advantage of gas auctions while scaling the blockchain with shorter transaction times at Layer 0.

What Is POND Coin?

The Marlin economy consists of two tokens, MPOND and POND. The supply of MPOND is limited as there are only 10,000 tokens. The platform will provide a total of 10,000,000,000 POND coins.

1 MPOND is equivalent to 1,000,000 VND POND. This is how the conversion between these two tokens happens. The platform initially offers 4,623 MPOND tokens and 3,184,000,000 POND coins. These tokens are distributed among the community and validators.

The numbers given above will change over time as token holders can convert their tokens using bridges. All metanodes in the Marlin network must stake MPOND. This is a beneficial activity as they will receive staking rewards in the form of POND coins.

Is POND Coin Worth Investing?

POND has been trading at $0.011 since June 17, 2022 at 15:00 BST (+1 UTC). Volume was up 75% on the day, with total trading volume at $32.24 million, accounting for 65% of the $45.04 million market capitalization.

POND’s token circulation is 3.19 billion out of a total supply of 5.033 billion. It is currently mined within the framework of an annual inflation rate of 1.03%, and the maximum possible supply of POND is 10 billion. In Marlin’s funding round, 17.23% of tokens were sent to investors, while Metanode rewards accounted for 21.8% of POND’s total supply.

Marlin token underperformed in the first and second quarters of 2022 due to the brutal bear market. After opening the year at $0.063, the coin continued to fall in the following months. POND opened at $0.042 in February before falling to $0.030 in early March. A rebound to $0.44 occurred on April 4 before resuming its downward trend, providing a short-term exit window. As of June 17, the coin is 77% below the 90-day high observed on April 4.

POND is supported by a wide range of centralized exchanges, including Binance, Gate.io, KuCoin, and Huobi Global, and can also be found on the Uniswap decentralized exchange. According to the latest data collected, Marlin’s current price is $0.011, with a circulating supply of 3,906,753,055 and a market cap of $42,756,064.