MerlinStarter, the first Launchpad platform on the Bitcoin Layer2 network Merlin Chain, has announced the completion of its seed round funding, with participation from 20 institutions including Amber Group. The total amount raised in the subscription of $MSTAR reached approximately 400 million yuan, with an oversubscription of 20,000%.
The funding will be used for the collaboration between MerlinStarter and strategic institutions, aiming to promote liquidity optimization, project incubation, and product iteration in BTC Layer2, in order to better achieve asset and user interoperability between Bitcoin Layer 2 networks.
MerlinStarter is the first native Launchpad platform and infrastructure on Merlinchain. Its first two Initial Dex Offering (IDO) rounds raised a total of over 900 million dollars, setting records as the first and second largest IDOs in history. The platform has already seen over 1 million Merlin Chain addresses involved in transactions.
Disclaimer: This article is a sponsored article provided by MerlinStarter and does not represent the views of the website. It is not intended as investment advice or a recommendation to buy or sell. Please refer to the disclaimer at the end of the article.
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