Merlin Chain is currently a hot BTC L2 leader. As the head of the BTC ecosystem, Merlin Chain's TVL has been increasing and has exceeded 3.6 billion US dollars. Its governance token, $MERL, will also be released around the time of the halving in April. It can be said that the leading projects of Merlin and its ecosystem will attract everyone's attention. Recently, the largest launchpad platform of Merlin Chain, MerlinStarter, will conduct the IDO of the platform token $MSTAR on April 12th. Is this a new wave of wealth code? The following article will analyze it from multiple perspectives.
What is MerlinStarter?
MerlinStarter is the first and most core IDO platform in the Merlin Chain ecosystem. As an accelerator for the Merlin ecosystem, it is committed to accelerating the flow of native assets of Merlin Chain and developing the Bitcoin ecosystem.
According to the token economic model officially announced by MerlinStarter, the tokens distributed through IDO will account for 5% of the total supply. This time, 50 million tokens will be publicly sold (out of a total circulation of 1 billion tokens).
Based on the sale rate, the estimated sale price of one $MSTAR is about $0.04. From this, we can estimate that the total market value of the sale of $MSTAR will exceed 40 million US dollars.
From the official token economic display, as much as 36% of the tokens will be directly invested in the development and decentralization of MerlinStarter. In addition, private round financing usually has a long unlocking period, so the actual circulation of $MSTAR will be much smaller, which will also result in relatively less selling pressure on the future token price.
Further analysis of its token economic model:
■ 10% of $MSTAR tokens are used to reward early supporters of MerlinStarter. However, only 5% will be released at the time of the TGE to minimize initial selling pressure.
■ At the same time, in order to encourage users to actively participate in the construction of MerlinStarter, 36% of the tokens are used to incentivize the community.
■ In terms of growth, 2% of the tokens will be used for marketing promotion.
■ In order to address the potential liquidity shortage in the Merlin Chain ecosystem, 10% of the tokens are reserved to promote asset circulation.
$MSTAR holders will enjoy the following benefits:
■ Exclusive allocation to participate in IDO pools for new projects
■ Staking $MSTAR to receive various rewards
■ Priority participation rights in various stage airdrop activities
Extended reading:
The first phase IDO raised over 500 million, firmly securing the position as a top traffic provider
On March 28th, the first IDO project of MerlinStarter, MerlinSwap, successfully raised approximately 500 million US dollars for the token $MP, with over 50,000 participating addresses, setting a record for the largest IDO in blockchain history.
The first phase of MerlinStarter's points activity had over 1 million address interactions, demonstrating its status as the largest traffic entry point for the Merlin Chain ecosystem. It can be expected that all top-quality assets in the future will need to go through MerlinStarter for traffic exposure, fundraising, and launch. The excellent historical performance of IDO and the extensive community base will help MerlinStarter continue to attract high-quality IDO project collaborations, and the continuous collaboration with high-quality projects will form a positive feedback loop for the rise in the price of $MSTAR.
_Last year, the two major _BTC_ ecosystem IDO tokens, $AUCTION and $BAKE, saw astonishing increases in value_
Official NFT has increased by over 24,000 times, the most watched darling in the market
On April 3rd, MerlinStarter issued a total of 5,500 NFT assets called Spellbook NFT, with the opening price soaring from 0.00000420 BTC to 0.1 BTC, with a maximum increase of about 24,000 times. It has been at the top of the trading volume rankings on the Element exchange for a week, and the current market value is stable at around 5 million US dollars. As an appetizer for $MSTAR, the astonishing increase in the value of Spellbook NFT is enough to prove the market's enthusiasm for MerlinStarter and the expectation for the issuance of $MSTAR.
Spellbook NFT
Close to the price of Freemint and a series of design mechanisms, largely reflects the official positioning of MerlinStarter with the community as a top priority: from the official Medium article, it is revealed that Spellbook NFT holders will have the opportunity to receive airdrops of $MSTAR by staking NFT and exclusive whitelist qualifications in the future. It is not difficult to imagine that MerlinStarter will continue to focus on the community, continuously empowering $MSTAR and Spellbook NFT holders.
Expansion reading:
Merlin's Spellbook NFT Staking Details and Participation Guide
Rooted in the BTC ecosystem, supported by multiple leading BTC communities
In just one month from Twitter operations to the present, MerlinStarter has gained support from multiple leading BTC communities:
■ Within the Merlin ecosystem, it has deep cooperation with core communities such as MerlinSwap and Mineral, and provides support through Star Drop for traffic exposure, high-quality user acquisition, and other aspects to help Merlin ecosystem projects grow.
■ In the BTC layer 1 assets, it has strategic partnerships with multiple leading Brc-20 communities including SATS, RATS, AINN, BTCS, RCSV, MMSS, and with multiple leading Ordinals NFT communities including Bitdisc, Xmonkes, RatsFriends, to jointly promote the market.
■ In terms of social media data, it has nearly 200,000 followers on Twitter, and the Telegram community covers over 40,000 users in China, South Korea, Japan, Vietnam, Thailand, Turkey, Europe, and the United States, with a daily message volume of over 10,000, showing high activity.
■ On March 13th, OKX Wallet, a Web3 multi-chain wallet under OKX, announced that MerlinStarter has joined its ecosystem.
Conclusion
Looking ahead, the current MerlinStarter has the ecological hotspots (opportunity), BTC ecosystem support (advantageous location), and issuance capabilities and user base (people), making it highly likely to become the most eye-catching star in this bull market cycle. It is highly recommended for readers to pay attention to the $MSTAR IDO issuance on April 12th and its subsequent actions.
MerlinStarter Related Links
Website: merlinstarter.com
Twitter: https://twitter.com/Merlin_Starter
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