What is Marlin (POND)? How To Buy POND Token In India?

What is Marlin (POND)?

Marlin Protocol is an open-source programmable network infrastructure for hosting DeFi applications and Projects. It aims to address off-chain blockchain challenges such as handling large data in a shorter time, high performance, and enhanced user experience. Marlin network is built with a set of meta nodes responsible for executing smart contracts. The node operators are the network’s backbone, providing it with computational, storage, and bandwidth resources for application developers to build on.

Marlin’s native utility token POND is used for staking to run validator nodes to earn rewards; holders can form their own governance proposal and vote on other proposals to decide resource allocation and compensate selected auditors and users in case of an SLA breach. 

Who are the Founders of Marlin?

The Marlin network was launched by Siddhartha Dutta, Prateesh Goyal, and Roshan Raghupathy. The three founders have vast experience in peer-to-peer networking. Siddhartha has studied at IIT Bombay and has worked at Microsoft, Adobe; he also holds 2 US patents. Furthermore, Marlin is supported by several former researchers of Ethereum Foundations.

How does Marlin work?

Marlin Relay is a permission less relay network with built-in incentivization. The network is also compatible with all blockchains and can be integrated with multiple blockchains simultaneously. The marlin relay network is built with 4 entities:

1. Producers: Producers are miners or users responsible for validating and introducing blocks in the network. Marlin employs a spam prevention mechanism to slash producers who introduced invalid blocks in the network. The produced block is further divided into chunks to erasure coding, which can be reconstructed further.
2. Receivers: Individuals or entities who pay subscription fees to receive blocks for intended purposes are Receivers. They can be exchanges, miners, block explorers, or other full nodes. After receiving chunks from relayers, the receiver can reconstruct the block for indented use.
3. Relayers: The nodes which relay block from producers to receivers with minimal latency are Relayers. Only readers can Revicer chunks of Block from Producer. In return, they are rewarded for the fast propagation of blocks.
4. Clusters: Clusters are collections of relayers that compete with each other for fast propagating blocks from producers to their receivers.

What makes POND Unique-Use Cases?

• Marlin offers networking libraries to P2P projects to facilitate the decentralized exchange of information among nodes.
• POND holders can earn rewards for receiving and sending data in the Marlin Network.
• Marlin Ecosystem provides various applications for development and design on the network, which includes ZK prover marketplace, Oyster, Polygon MEV relay, etc.
• Users can utilize their own tokens for payment and governance on the network.

Marlin (POND) Price Analysis

Source: TradingView

• POND price saw a massive rally in the early days of 2023, rallying over 73% by mid-February.
• But since then, POND prices began correcting gradually, and within two weeks, they fell from $0.012 down to $0.008
• POND price is currently stuck within a downward channel – but things don’t seem very bearish just yet.
• POND price is well above the YTD low levels, holding on to that support level.
• Additionally, 50 and 200-day exponential moving averages are under an optimistic golden cross, which would also provide bullish support to the token.
• Thus a breakout over $0.0098 would bring about proper bullishness back into the token, backed by buying across the board

How to Buy POND Tokens in India?

To buy POND Token in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration.
• Complete KYC
• After your profile is verified, fund your wallet and buy a POND