MerlinChain is currently a hot topic in the BTCL2 market. As a leading ecosystem of BTC, MerlinChain's TVL has been increasing and has exceeded $3.6 billion. Its governance token, $MERL, is expected to be released around the time of the halving in April. It can be said that Merlin and its ecosystem's leading projects will attract everyone's attention. Recently, MerlinChain's largest Launchpad platform, MerlinStarter, will conduct an IDO for the platform token $MSTAR on April 12. Is this the new key to wealth? The following article provides a multi-dimensional analysis for readers.
Comparison of MerlinChain with some public chain TVL
What is MerlinStarter?
MerlinStarter is the first and most core IDO platform in the MerlinChain ecosystem. As an accelerator for the Merlin ecosystem, it is committed to accelerating the flow of native assets of MerlinChain and developing the Bitcoin ecosystem.
MerlinStarter is an important part of the MerlinChain 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 issuance of 1 billion tokens).
Based on the sale rate, the estimated sale price of $MSTAR is about $0.04, from which we can estimate that the total market value of the sale of $MSTAR will exceed $40 million.
MerlinStarter economic model
According to the official token economic display, as much as 36% of the total tokens will be directly invested in the development and decentralization of MerlinStarter. In addition, private placement rounds usually have a long unlocking period of several years, so the actual circulation of $MSTAR will be much smaller, resulting 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 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 will be used to incentivize the community.
- In terms of growth, 2% of the tokens will be used for marketing promotion.
- In order to address potential liquidity shortages in the MerlinChain ecosystem, 10% of the tokens are reserved to facilitate asset circulation.
Holders of $MSTAR will enjoy the following benefits:
- Exclusive access to participate in new IDO pools
- Staking MSTAR to receive various rewards
- Priority participation in various stage airdrop activities
Further reading:
The first phase of IDO raised over 500 million, firmly securing the position as a top traffic provider
On March 28, MerlinStarter's first IDO project, MerlinSwap token $MP, successfully raised approximately $500 million, with over 50,000 participants, setting a record for the largest IDO in blockchain history.
Core data of the first phase of MerlinStarter's IDO
The first phase of MerlinStarter's points activity had over 1 million address interactions, demonstrating its status as the largest traffic entry point in the MerlinChain ecosystem. It can be expected that all top-quality assets in the future will need to go through MerlinStarter for exposure, fundraising, and launch. Excellent IDO historical performance and a wide community base will help MerlinStarter continue to attract high-quality projects for IDO cooperation, and continuous cooperation with high-quality projects will form a positive flywheel effect on the price of $MSTAR.
Last year, the two major BTC ecosystem IDO tokens, $AUCTION and $BAKE, saw astonishing increases.
Official NFT has increased by over 24,000 times, the most anticipated in the market
On April 3, MerlinStarter issued a total of 5,500 SpellbookNFT assets, with the opening price soaring from 0.00000420 BTC to 0.1 BTC, an increase of approximately 24,000 times. The trading volume has been at the top of the Element trading market for a week, and the current market value is stable at around $5 million. As the appetizer for $MSTAR, the astonishing increase in SpellbookNFT is enough to prove the market's enthusiasm for MerlinStarter and the expectation for the issuance of $MSTAR.
Close to Freemint's price and a series of design mechanisms largely reflect the official positioning of the community as a top priority: from the information disclosed in the official Medium article, SpellbookNFT 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 empower $MSTAR and SpellbookNFT holders with the community as the core.
SpellbookNFT Staking Rules
Further reading:
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, Mineral, and provides support through StarDrop for traffic exposure and high-quality user acquisition, helping Merlin ecosystem projects grow.
- In the BTC layer 1 assets, it has strategic cooperation with multiple leading Brc-20 communities including SATS, RATS, AINN, BTCS, RCSV, MMSS, and multiple leading OrdinalsNFT 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.
- OKX's Web3 multi-chain wallet OKXWallet announced on March 13 that MerlinStarter has joined its ecosystem.
Conclusion
Looking ahead, the current MerlinStarter has the ecological hotspots (opportunity), support from the BTC ecosystem (advantage), and the issuance capability and user base (people). It is highly likely to become the most eye-catching star of this bull market cycle. It is highly recommended for readers to pay attention to the IDO issuance of $MSTAR on April 12 and its subsequent actions.
MerlinStarter related links
Website: merlinstarter.com
Twitter: https://twitter.com/Merlin_Starter
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