What Is Marlin (POND)?
POND is the native token of Marlin, which is a Layer 0 network of nodes that allows low-latency transmission of data for decentralized finance (DeFi) and Web 3.0 projects. If you want to know the current POND price, take a look at the Marlin price chart featured above.
Since Marlin is a Layer 0 network, it can be referred to as a network framework that runs underneath blockchains. In other words, it would be the very first layer among all blockchain protocols. Layer 0 network is able to connect with every other protocol to build interconnected value chains, giving a more reliable alternative to smart contracts. Thus, Marlin is blockchain-agonistic.
Marlin itself describes its network as a libp2p with incentives. Libp2p is a modular open-source project that belongs to the IPFS system and allows users to develop P2P network applications. It consists of various libraries, specifications, and protocols.
The Marlin protocol provides users with the MarlinVM. Developers can carry out edge calculations and build tailored overlays using the virtual router interface it offers. Talking about overlays, developers can deploy low-latency mempool sync or block multicast, anonymity or mesh networks, and so on. The MarlinVM is managed by the Marlin network nodes that are known as the Metanodes.
Apart from POND tokens, there are also MPOND (or LIN) tokens. MPOND tokens must be staked by Masternodes. For staking these tokens, Masternodes receive POND tokens as a reward.
The Founders of Marlin
Marlin was founded by Prateesh Goyal, Roshan Raghupathy, and Siddhartha Dutta.
Prateesh Goyal was a Ph.D. student at the Massachusetts Institute of Technology where he studied computer science. There is no information about his prior work experience before joining the Marlin project.
Roshan Raghupathy also has a degree in computer science and engineering. In the past, he worked in such companies as GSoCer, Microsoft, and Cityflo.
Just like Raghupathy and Goyal, Siddhartha Dutta also studied computer scienBeforengineering. Prior to founding Marlin, he worked at Adobe, Inria, and Microsoft. Besides, he was the core developer of Zilliqa.
Use Cases of POND Tokens
POND is the native utility token of the Marlin network. You can see the POND price in real-time on the aforementioned Marlin price chart. Overall, POND tokens have more than one use case:
- Users have to stake POND tokens in order to run a Masternode. Though they can also delegate their token to others.
- POND token holders get voting rights, which allow them to be a part of the Marlin governance. They can vote on various decisions considering the development of the Marlin network.
- POND tokens can be utilized to compensate users in the event of an SLA breach.
- POND tokens can be used to mint MPOND tokens. A user has to lock 1 million POND tokens in order to mint 1 MPOND token. The conversion of POND to MPOND tokens (or the other way around) takes place on the bridge. Since 1 MPOND token is equal to 1 million POND tokens, the max supply of these two Marlin tokens is 10 thousand and 10 billion accordingly.
Lastly, remember that, due to the extreme volatility of the crypto market, the POND price, just like the prices of the majority of crypto tokens, tends to fluctuate. As a result, it would be advisable to review the Marlin price chart featured above to determine the key trends in POND's value movements.
