Merlin Chain ecosystem MerlinStarter launches its own token IDO! Will MSTAR become the Merlin Alchemy Shovel?

This site (120btC.coM): Merlinstarter, the first IDO platform of the Bitcoin L2 Merlin (Merlin Chain) ecosystem, ended its first IDO project MerlinSwap (Merlin) on March 28 Ecological DEX), this IDO caused a sensation as soon as it was launched, attracting the participation of more than 52,000 addresses, overraising 400 times, and raising US$480 million, setting a new historical record for IDO.

The issued token $MP quickly rose to ten times the subscription price after the opening, and its market value exceeded US$300 million on the first day. This fully demonstrates the high attention and attraction of the Bitcoin ecosystem, Merlin ecosystem and MerlinSwap in the market.

MerlinSwap breaks the historical record of blockchain IDO

MerlinStarter will launch its own token $MSTARIDO at 8 o'clock tonight

Now MerlinStarter said , will launch its own platform’s native token $MSTAR at 8 o’clock tonight as the platform’s second IDO project. The subscription period will last until 11 o’clock in the morning on April 15.

This round of IDO MerlinStarter will allocate 50 million $MSTAR (accounting for 5% of the total supply of 1 billion). The initial FDV is 40 million US dollars. A total of 4 pools will be allocated. The following 3 pools are in order. It is open to any user holding $BTC, $M-BTC, and $MP assets to subscribe on its official website. The details are as follows:

• $BTC Pool: Allocate 20 million $MSTAR; Subscription Price: 0.00000057$BTC

• $M-BTC Pool: Allocate 20 million $MSTAR; Subscription price: 0.00000058$M-BTC

• $MP pool: allocate 5 million $MSTAR; subscription price: 5$MP

The final allocation each user subscribes to is based on the amount ordered by the user and the total order amount of the pool calculated as a proportion. The specific formula is: your allocation amount = allocation amount of a specific pool * your order amount / total order amount of the pool. The remaining unsubscribed funds will be automatically returned to the user's wallet, but remember that you must actively apply for the subscribed tokens.

Note: M-BTC is the liquidity certificate after pledging BTC to Merlin Chain, which is different from just cross-chaining Bitcoin to Merlin Chain.

In addition, an additional 4,000 quotas will be opened in the Community Pool for whitelist users to participate with BTC. The official list has been announced, including 1,591 Radiance and 7,880 Sparkle whitelist users. Radiance whitelist users will be guaranteed to get the opportunity to subscribe, while Sparkle whitelist users need to follow the first-come, first-served principle and start snapping up the remaining places after Radiance users subscribe at 10 o'clock tonight.

$ Will MSTAR become the golden shovel of Merlin Ecology?

Among Bitcoin L2, the Merlin chain has gathered the most traffic and funds. Its TVL is currently as high as 460 million US dollars. As the first and largest IDO platform in the ecosystem, MerlinStarter can predict the future of the Merlin ecosystem. Most of the tokens of new projects will be issued through this platform. Therefore, MerlinStarter, which is backed by the three popular narratives of Bitcoin ecology, Merlin ecology and IDO platform currency, can once again break the IDO record set by its own platform, which is highly anticipated by the market.

It is understood that $MSTAR is expected to become the core asset of MerlinStarter and even the entire Merlin ecosystem. This token will serve as the "golden shovel" in the ecosystem, used to participate in new projects and IDOs joining other projects. The following are the main features of $MSTAR currently disclosed by the official:

Exclusive IDO Pool Access: $MSTAR will be used in MerlinStarter’s upcoming exclusive IDO pool, allowing token holders to participate in the future specifically tailored for $MSTAR Customized IDO activities.

• Staking Rewards: Token holders will have the opportunity to stake their $MSTAR tokens, enabling them to receive rewards such as token gains and other incentives.

• Airdrop participation: $MSTAR token holders will have the opportunity to directly receive or have priority to participate in various stages of the airdrop event.

• Our own NFT "Merlin's Spellbook" once reached 0.1 BTC

In addition, in view of the great success of the first IDO project, MerlinStarter launched the 5,500 NFT assets "Merlin's Spellbook" were launched, which is one of the key criteria to qualify for the Community Pool whitelist.

The opening price of these NFTs surged from 0.00000420 BTC to 0.1 BTC, an increase of approximately 24,000 times. For a week in a row, its transaction volume ranked first in the Element trading market. Its current market value is stable at about 5 million US dollars, and its floor price is 0.00998 BTC.

Currently, the official has announced that it will carry out NFT staking activities. Users can receive $MSTAR token airdrops by staking these NFTs. Specific pledge details will be further announced in the future. The airdrop will allocate 10% of the total supply. Token.

$MSTAR Token Economy

The above is the detailed content of Merlin Chain ecosystem MerlinStarter launches its own token IDO! Will MSTAR become the Merlin Alchemy Shovel?. For more information, please follow other related articles on the PHP Chinese website!