> For the complete documentation index, see [llms.txt](https://docs.merlinchain.io/merlin-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.merlinchain.io/merlin-docs/user-quick-start/how-to/m-token/faq.md).

# FAQ

**Q: What is M-Token?**

**A:** In a sense, M-Token is the voucher for your pledged assets. It requires manual confirmation to claim (this confirmation does not require gas and is completely free).

PS: **You don't necessarily have to claim your M-Token; it's not mandatory.**

**Q: Risks of claiming M-Token**

**A:**

1. Accidentally authorizing malicious contracts may lead to M-Token theft, resulting in the loss of assets pledged at Layer 1, which cannot be recovered. (If you don't enable M-Token, the pledge won't appear in your Layer 2 wallet and won't be stolen by smart contracts.)
2. You may sell off your precious assets due to lack of self-control.

**Q: Benefits of enabling M-Token**

**A:**

1. You can use M-Token to start trading and withdraw as BTC at Layer 2.
2. You can engage in various DeFi activities such as lending, staking, and participating in upcoming Dapps at Layer 2 using M-Token.

**Q: If I claim my M-Token, can I still retrieve my pledged assets?**

**A:** As long as you hold your M-Token, you can retrieve your pledged assets when Merlin's Seal ends.

**Q: If I sell/move/lose my M-Token, will my M-points still increase every day?**

**A:** Yes, it do continue to increase until the end of Merlin's Seal, but you cannot retrieve the pledged assets.

**Q: What is the price of M-Token?**

**A:** The price of M-Token will be determined by the market. Nobody will sell their M-BTC for 0.5 BTC, right?

**Q: Is there a Metamask link to claim M-Token?**

**A:** Not yet, please stay tuned for official announcements for further updates.