MerlinStarter launches, solidifying the BTC primary ecosystem position of Merlin Chain
MerlinStarter activates not only the MerlinChain ecosystem but also the entire Bitcoin ecosystem and its assets.Author: Deep Tide TechFlow
Bitcoin has entered an era of explosive growth, with the Layer 2 ecosystem of inscriptions and runes experiencing a massive surge. Riding this wave, Merlin Chain's TVL has successfully surpassed $3 billion, marking Bitcoin's first emergence as an asset launch platform.
Merlin Chain is a ZKRollup Bitcoin Layer 2 network that supports Bitcoin's native assets. In Merlin Chain, Bitcoin accounts for over 50% of the TVL. Developed using the Polygon CDK framework, Merlin Chain sends transaction data to the Bitcoin network through oracles, inheriting Bitcoin's security.
It is evident that Merlin Chain's success is attributed to the value inheritance from Bitcoin. In an era where various BTC L2s are competing and squeezing for dominance, how to solidify Merlin Chain's leading advantage becomes the starting point for MerlinStarter.
Currently, the Merlinstarter launch platform has already seen interactions from 1 million Merlin Chain addresses.
As its name suggests, MerlinStarter aims to become the best Launchpad within the Merlin Chain and even the Bitcoin ecosystem, continuously providing high-quality projects for the Bitcoin ecosystem. Through the principles of Fair Launch and Community First, it seeks to strengthen and expand both Bitcoin and the Merlin ecosystem.
The goal of MerlinStarter can be summarized in one point: to solidify the ecological advantages of Merlin Chain and establish it as the leading BTC ecosystem. MerlinStarter, as the native launch platform and BTC L2 accelerator on Merlin Chain, will be responsible for the first tier of ecological development.
A Thousand Ships Compete, MerlinStarter Begins with the Launcher
MerlinStarter continues the principle of straightforwardness from Merlin Chain, having already announced an airdrop. Star Points serve as the airdrop vouchers for the future MerlinStarter token. During the token issuance process, users can exchange their points for tokens based on their quantity. Additionally, Star Points can be used to gain early access to airdrop whitelists for Launchpad projects and to obtain project tokens.
This simple yet efficient approach serves as a quick way to acquire customers, akin to the style of its peer ZKFair, providing retail investors with a means and fast track to participate in profits within a limited timeframe.
Through this, one can quickly understand MerlinStarter's position within Merlin Chain. MerlinStarter is the native ecological accelerator of Merlin Chain and will directly connect projects with Merlin Chain and Bitcoin.
Due to Bitcoin's unique UTXO mechanism, its ecosystem cannot directly utilize Bitcoin as a platform for complex interactions. Therefore, Merlin Chain acts as an intermediary to bridge developers and Bitcoin, while MerlinStarter further serves primarily as an IDO Launchpad and BTC L2 accelerator.
IDO Launchpad: Focused on promoting innovation within the Merlin Chain ecosystem by accurately 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: This is the flagship program of Merlin Chain. 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 this influence, MerlinStarter has already built a vast ecological synergy network, including BTC ecosystem DeFi protocols like Mineral, as well as the token launch of the DEX protocol MerlinSwap on Merlin Chain.
MerlinStarter not only provides project launch services but also aims to interconnect assets on Merlin Chain, accelerating the flow of capital efficiency through a unified 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 launchers, and projects can choose from modules such as oversubscription, weighted distribution, first-come-first-served, and airdrop for configuration.
Public Launchpad: Primarily adopts an oversubscription model, distributing tokens based on the fundraising ratio through weighted distribution or random lottery. Excess funds will be refunded, and both fundraising and refunds will be conducted via smart contracts.
Private Launchpad: Mainly implemented through a whitelist mechanism, MerlinStarter divides the whitelist into two types: Alpha whitelist and Beta whitelist.
The Alpha whitelist ensures exclusivity, allowing each user with Alpha whitelist status to subscribe to project tokens within a specified timeframe, with a fixed cap.
The Beta whitelist operates on a first-come-first-served basis. If the number of Beta whitelist allocations exceeds the available token purchase quota, the users who confirm transactions on-chain first will complete the token purchase.
It can be observed that the mechanism design of MerlinStarter revolves around accelerating project development, as the Bitcoin ecosystem is in an exploratory phase.
Before MerlinStarter, the development of the BTC ecosystem was in a chaotic and disordered growth stage. Now, MerlinStarter hopes to introduce a universally applicable Launchpad model during this period, leveraging the most vibrant and promising Merlin Chain to truly enable various Bitcoin asset protocols to thrive and continue into the next bull market.
MerlinStarter Three Pillars, One-Stop Project Issuance Platform
After providing a basic introduction to MerlinStarter, it is still necessary to discuss the various specific components that enable MerlinStarter to function. Strictly speaking, aside from positioning as an IDO platform and accelerator, MerlinStarter primarily has three functions:
Star Launchpad: Undertakes the role of IDO accelerator, aiming to become the main asset launcher on Merlin Chain;
StarDrop: A native market solution for Merlin Chain, providing a complete one-stop market solution for early projects, pushing them to over 100,000 real users;
Star Accelerator: Undertakes the role of BTC L2 accelerator, providing the most mature incubation services in the industry for projects selected by MerlinStarter.
MerlinStarter not only aims to provide initial funding for cryptocurrency projects but also strives to offer multifaceted value to its users and participants.
Star Launchpad: The Launch Platform for Project Assets
Star Launchpad is an important member 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 project parties but also offers them a platform to gain sufficient exposure and attention early on, attracting interest from early investors and the community.
As the main asset launch platform on Merlin Chain, Star Launchpad introduces new projects to investors through a carefully curated channel, helping these projects achieve their initial public fundraising in the market.
StarDrop: A Complete One-Stop Market Solution
Complementing Star Launchpad is StarDrop, a market solution tailored for Merlin Chain. The main task of StarDrop is to ensure that projects receive adequate support in market positioning and entry.
By pushing new projects to over 100,000 real users, it helps these projects establish early reputations, aiding them in navigating the early stages of market adoption.
StarDrop is dedicated to shortening the time it takes for projects to move from concept to realization, from development to success, providing support in marketing, social media strategies, and user engagement.
Star Accelerator: Providing the Most Mature Incubation Services in the Industry for Projects
In addition to providing initial funding and market solutions for projects, another key component of MerlinStarter is Star Accelerator.
This component serves the role of BTC L2 accelerator, focusing on comprehensive incubation for projects selected by MerlinStarter.
From technical consulting, business model establishment, compliance guidance, to network expansion and partnership building, Star Accelerator not only provides necessary funding and other resources for projects but also offers industry connections and networking opportunities, helping them achieve breakthroughs in the Bitcoin ecosystem and stand out in a competitive market.
It can be understood that these three components of MerlinStarter work together, from initial fundraising (Star Launchpad), market promotion (Star Drop) to long-term development and incubation (Star Accelerator). MerlinStarter's goal is to help these projects successfully launch. For retail participants, this is not just a plan to participate in early projects but also an experience of deeply engaging in the transformation and growth of the Bitcoin ecosystem.
Advancing Ecology and Market Together, Consolidating and Releasing the Advantages of MerlinChain
MerlinStarter helps Merlin Chain gain an advantage in the BTC L2 competition. Merlin Chain will empower the projects launched by MerlinStarter, with both parties effectively interacting to jointly promote the prosperity of the broader Bitcoin ecosystem.
Within the ecological map of Merlin Chain, projects are numerous but in a fragmented state. MerlinStarter will organize and regulate them, forming effective entities, and subsequently, MerlinStarter will select projects to launch on Merlin Chain, providing guidance and follow-up services.
In the development of MerlinStarter, an effective empowerment and transformation process has already been established, ultimately turning the intrinsic value of projects into tangible tokens.
Currently, MerlinStarter has established partnerships with over 100 Bitcoin projects, 300+ KOLs, as well as numerous media and communities. Its own Twitter account has over 100,000 followers, with individual tweets reaching over a million in exposure.
Talk is cheap, Show me the coins.
RWA is indeed timely, Ondo is rising first, and MakerDAO is steadily progressing towards the EndGame roadmap. Now, the BTC ecosystem has also seen Minera, the first native BTC DeFi project on Merlin Chain based on BRC420 issuing RWA inscriptions, which introduces the positive externalities of Bitcoin mining and creates a sustainable DeFi model for generating revenue.
Specifically, $MNER is the Layer 2 treasury token of Mineral based on BRC-20, supported by real-world assets (RWA), primarily in the form of Bitcoin hash rate.
Over time, the Minera treasury will benefit from stable net income generated by BTC mining and other RWAs, cross-project collaboration profits, and higher net income from newly acquired RWAs.
MerlinStarter will collaborate with Mineral to launch a token airdrop event, with 40,000 $MNER tokens to be airdropped, and the Gas Fee will be fully reimbursed by the project party, continuing the consistent style of Merlin Chain.
Additionally, there is ongoing exploration of DEX on-chain trading. MerlinSwap is now officially collaborating with MerlinStarter to send out a large number of airdrops. MerlinSwap is a disruptive DEX platform, while MerlinStarter is a native launch platform dedicated to the Bitcoin Layer 2 ecosystem. Notably, MerlinSwap ranks first in TVL, trading volume, and DAU among Bitcoin DEXs.
MerlinSwap, based on the robust Merlin Chain, utilizes the DL-AMM liquidity algorithm for fast and efficient asset swaps, maximizing capital efficiency and optimizing returns. Furthermore, MerlinSwap can provide a familiar interface similar to centralized exchanges, significantly enhancing the usability of on-chain products and accelerating the transition and migration of off-chain users to BTC DeFi.
In addition, MerlinSwap has introduced breakthrough technologies such as limit orders and stronger Gas efficiency ratios, giving users greater control and benefits during trading. It will issue the $MP token as the governance token of MerlinSwap. To accelerate the adoption of MerlinSwap, MerlinStarter will allocate 0.2% of its token supply, providing 42 million $MP tokens for an exclusive airdrop event, with a total of 5,000 winners to be selected.
The more significant implication is that MerlinSwap will also be the first IDO project of MerlinStarter, validating MerlinStarter's appeal within the Merlin community.
Moreover, there are hidden benefits yet to be claimed. The spellbook event is still ongoing, where users can not only receive token airdrops but also obtain whitelists for projects launching in IDOs. Currently, simply participating in the whitelist event posted on Twitter, as well as engaging in the TG community's #Merlin's Spellbook# topic, starting at 21:00 every night, where two questions will be asked each night, and the first five users to answer correctly will receive a whitelist. A total of 10 whitelists will be issued each night.
Conclusion
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 initiation and development of innovative projects.
In the first IDO process, the fundraising goal was achieved within one minute, with a total amount exceeding $230 million and participation from over 20,000 addresses, with an oversubscription rate reaching as high as 185 times, fully demonstrating the appeal of Merlin Starter.
BTC L2 ignites a frenzy of competition in the BTC ecosystem, but development is filled with disorder. To further attract funds and developers, someone must step up to guide market development, and the launch of the launchpad is timely.
By leveraging airdrops and community-first principles, 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 the explosive growth, MerlinStarter has built a vast collaborative network, providing market solutions, technical support, and funding for its launched projects. By sequentially linking the BTC ecosystem <-> MerlinChain ecosystem <-> MerlinStarter ecosystem, a development pattern reliant on Merlin Chain is formed, providing a bridge for the development of the entire BTC ecosystem, activating not only the MerlinChain ecosystem but also the entire Bitcoin ecosystem and its assets.
