MerlinStarter is not only activating the MerlinChain ecosystem, but also the entire Bitcoin ecosystem and assets. With the soaring era of Bitcoin, the Layer 2 ecosystems of MerlinChain and Rune are experiencing explosive growth. Taking advantage of this momentum, Merlin Chain’s Total Value Locked (TVL) has surpassed 3 billion USD, making Bitcoin the first asset launch platform.
Merlin Chain is a ZKRollup Bitcoin Layer 2 network that supports native Bitcoin assets. In Merlin Chain, Bitcoin accounts for more than 50% of TVL. Developed using the Polygon CDK framework, Merlin Chain sends transaction data to the Bitcoin network through oracles, thus inheriting the security of Bitcoin.
Merlin Chain’s success is clearly attributed to its inheritance of Bitcoin’s value. In the era of fierce competition and squeezing among various BTC L2 solutions, how to consolidate Merlin Chain’s leading advantage becomes the starting point for MerlinStarter.
Currently, the MerlinStarter launch platform has over 1 million interactive actions by Merlin Chain addresses.
As the name suggests, MerlinStarter aims to become the best launchpad within the Merlin Chain and Bitcoin ecosystems. It continuously provides high-quality projects to the Bitcoin ecosystem through Fair Launch and Community First principles, aiming to expand and strengthen Bitcoin and Merlin ecosystems.
The goal of MerlinStarter can be summarized as cementing Merlin Chain’s ecological advantage and making it the number one BTC ecosystem. As the native launch platform and BTC L2 accelerator on Merlin Chain, MerlinStarter is responsible for the first tier of ecosystem development.
MerlinStarter follows the principle of transparency, and has already announced airdrops. Star Points serve as airdrop certificates for future MerlinStarter tokens. Users can exchange tokens based on the number of Star Points they have. Additionally, Star Points can be used to gain early access to airdrop whitelists and acquire project tokens.
This efficient approach is similar to the style of ZKFair, the brother of the same school. It provides a quick and effective way for retail investors to participate and profit within a limited time frame.
In this way, the position of MerlinStarter in the Merlin Chain can be quickly understood. MerlinStarter is the native ecosystem accelerator of Merlin Chain and directly connects projects with Merlin Chain and Bitcoin.
Due to the unique UTXO mechanism of Bitcoin, its ecosystem cannot directly use Bitcoin as a platform for complex interactions. Therefore, Merlin Chain acts as an intermediary to bridge the gap between developers and Bitcoin. MerlinStarter, as an IDO launchpad and BTC L2 accelerator, goes a step further.
IDO Launchpad focuses on promoting innovation within the Merlin Chain ecosystem by precisely targeting sources of traffic, including mainstream Bitcoin asset types such as BRC-20, BRC-420, ERC-20, ERC-404, Bitmap, and Atomicals.
BTC L2 Accelerator is Merlin Chain’s flagship program. Projects selected for the accelerator not only receive financial support but also benefit from technical assistance, traffic generation strategies, marketing expertise, human resource support, and token economics design.
Under the influence of MerlinStarter, a large ecological cooperative network has been established, including BTC ecosystem DeFi protocols such as Mineral and the token launch of MerlinSwap, a DEX protocol on Merlin Chain.
MerlinStarter not only provides project launch services but also aims to interconnect assets on Merlin Chain, accelerating the circulation of funds through a consistent format, and even integrating the entire Bitcoin ecosystem into Merlin Chain, allowing billions of people worldwide to enjoy the financial freedom and revolutionary journey brought by Bitcoin.
Specifically, MerlinStarter’s Launchpad can be divided into public and private launchpads, and projects can choose from modules such as oversubscription, weighted allocation, first-come-first-served, and airdrops for configuration.
The Public Launchpad mainly adopts the oversubscription method and distributes tokens through weighted allocation or random lottery based on user fundraising ratios. Excess funds will be refunded, and both fundraising and refunds will be conducted through smart contracts.
The Private Launchpad is primarily implemented through a whitelist mechanism. MerlinStarter divides the whitelist into two categories: Alpha and Beta.
Alpha whitelist ensures exclusivity, allowing each user with Alpha whitelist status to subscribe to project tokens within a specified time range, with a fixed quota limit.
Beta whitelist operates on a first-come-first-served basis. If the number of allocations in the Beta whitelist exceeds the available token purchase quota, users who confirm transactions on the chain will be able to complete token purchases.
It can be seen that MerlinStarter’s mechanism design revolves around accelerating project development in the Bitcoin ecosystem, which is in an exploratory stage.
Before MerlinStarter, the development of the BTC ecosystem was in a chaotic and disorganized state. Now, with the introduction of MerlinStarter, the industry-standard launchpad model is being introduced to guide the market development through the most dynamic and potential-filled Merlin Chain, truly prospering various Bitcoin asset protocols and extending them to the next bull market.
After introducing the basics of MerlinStarter, it is necessary to discuss the various components that contribute to the functioning of MerlinStarter. Strictly speaking, in addition to its positioning as an IDO platform and accelerator, MerlinStarter has three main functions:
Star Launchpad: Undertakes the role of the IDO accelerator and aims to become the primary asset launcher on Merlin Chain.
StarDrop: A native market solution for Merlin Chain that provides a complete one-stop market solution for early-stage projects, pushing them into the hands of over 100,000 real users.
Star Accelerator: Undertakes the role of the BTC L2 accelerator and provides the most mature incubation services for selected projects.
MerlinStarter aims not only to provide initial funding for cryptocurrency projects but also to provide multi-dimensional value for its users and participants.
Star Launchpad is an important part of the MerlinStarter ecosystem. As an IDO platform, its core function is to help emerging projects successfully launch on Merlin Chain. It not only provides funding for the projects but also offers them a platform to gain sufficient exposure and attention in the early stages, attracting early investors and community interest.
Working in conjunction with Star Launchpad, StarDrop is a market solution customized for Merlin Chain. Its main task is to ensure that projects receive full support in terms of market positioning and market entry. It pushes projects to over 100,000 real users, helping them establish early reputation to navigate the early market adoption phase.
StarDrop aims to shorten the time from concept to realization, from development to success, and provides support in marketing, social media strategy, and user engagement.
Star Accelerator, another key component of MerlinStarter, plays the role of the BTC L2 accelerator and focuses on providing comprehensive incubation for selected projects. It provides essential funding and other resources for the projects, as well as industry contacts and opportunities for integration, helping them make breakthroughs in the Bitcoin ecosystem and stand out in a competitive market.
In summary, the three components of MerlinStarter work together to support project launch, market solutions, and incubation. MerlinStarter’s goal is to help these projects successfully launch. For retail participants, it is not only an opportunity to participate in early-stage projects but also an in-depth experience of the transformation and growth of the Bitcoin ecosystem.
MerlinStarter helps Merlin Chain gain an advantage in the BTC L2 competition. Merlin Chain empowers the projects launched on MerlinStarter, enabling effective interaction between the two and jointly promoting the prosperity of the broad Bitcoin ecosystem.
Within the Merlin Chain ecosystem, projects are abundant but in a scattered state. MerlinStarter organizes and regulates them, forming an effective behavior body. Furthermore, MerlinStarter selects the best projects to launch on Merlin Chain, providing guidance and follow-up services.
MerlinStarter has already established partnerships with 100+ Bitcoin projects, 300+ KOLs, as well as numerous media and community platforms. Its Twitter account has over 100,000 followers, and a single tweet can reach over a million impressions.
RWA is in full swing, with Ondo leading the way and MakerDAO steadily progressing towards the EndGame roadmap. Now the BTC ecosystem has Minera, the first native BTC DeFi project based on BRC420 to issue RWA tokens. It introduces the positive externality of Bitcoin mining and establishes a sustainable revenue-generating DeFi model.
Specifically, $MNER is a Layer 2 treasury token based on Mineral and BRC-20. It is supported by real-world assets (RWA), primarily in the form of Bitcoin hash rate.
With time, the Minera treasury will benefit from stable net income generated by Bitcoin mining and other RWAs, cross-project collaboration income, and higher net income from newly acquired RWAs.
MerlinStarter will collaborate with Mineral to launch a token airdrop. 40,000 $MNER tokens will be used for the airdrop, and the project will fully reimburse gas fees, consistent with the style of Merlin Chain.
Next is the continuous exploration of on-chain DEX trading. MerlinSwap is now officially collaborating with MerlinStarter to deliver a large number of airdrops. MerlinSwap is a disruptive DEX platform, while MerlinStarter is a native launch platform and BTC L2 accelerator. It is worth mentioning that MerlinSwap ranks first in TVL, trading volume, and DAU among Bitcoin DEX platforms.
MerlinSwap, based on the powerful Merlin Chain, uses the DL-AMM liquidity algorithm for fast and efficient asset swapping, maximizing capital efficiency and optimizing returns. MerlinSwap also provides a user interface similar to centralized exchanges, significantly improving the usability of on-chain products and accelerating the transition to BTC DeFi for off-chain users.
In addition, MerlinSwap introduces breakthrough technologies such as limit orders and improved gas efficiency, giving users greater control and benefits during the trading process. MerlinSwap will issue $MP tokens as its governance token. To accelerate the adoption of MerlinSwap, MerlinStarter will distribute 0.2% of its token supply, totaling 42 million $MP tokens, through an exclusive airdrop activity, selecting a total of 5,000 winners.
Furthermore, MerlinSwap will be the first IDO project on MerlinStarter, validating its appeal within the Merlin community.
There are also hidden benefits waiting to be claimed. The Magic Book activity is still ongoing, allowing users to receive token airdrops and whitelist access to upcoming IDO projects. Users can participate in whitelisting activities released on Twitter and join the #Merlin’sSpellBook topic in the Telegram community. Two questions will be posted every evening at 21:00, and the first 5 users to answer correctly will receive whitelist access. A total of 10 whitelists will be distributed each night.
Overall, MerlinStarter aims to promote the growth of Merlin Chain and the entire Bitcoin ecosystem. It is designed as a launch platform and accelerator, dedicated to the launch and development of innovative projects.
During its inaugural IDO program, MerlinStarter achieved its fundraising target within one minute, with a total amount exceeding 230 million USD. Over 20,000 addresses participated, resulting in an oversubscription rate of 185 times, fully demonstrating the appeal of Merlin Starter.
BTC L2 is igniting a frenzy in the BTC ecosystem, but the development is still chaotic. To further attract funds and developers, someone needs to step forward and guide the market. The launchpad has arrived at the right time.
With airdrops and a community-first approach, MerlinStarter closely collaborates with Bitcoin Layer 2 solutions, aiming to optimize asset circulation and strengthen Merlin Chain’s position as the leading BTC ecosystem.
After rapid progress, MerlinStarter has built a vast cooperative network, providing market solutions, technical support, and funding for projects. By connecting the BTC ecosystem, MerlinChain ecosystem, and MerlinStarter ecosystem, MerlinStarter relies on Merlin Chain for development, serving as a bridge for the entire BTC ecosystem, activating not only the MerlinChain ecosystem but also the entire Bitcoin ecosystem and assets.
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