April is the outbreak season for Merlin, and the ecological top-tier MerlinStarter is about to conduct its IDO. A detailed multi-dimensional analysis of $MSTAR
Recently, Merlin Chain's largest Launchpad platform, MerlinStarter, will hold the IDO for its platform token $MSTAR on April 12. Is this the new wave of wealth code? The following text provides an analysis from multiple perspectives for readers.Merlin Chain is currently the hottest BTC L2 leader. As a top ecosystem of BTC, Merlin Chain's TVL has been continuously increasing, surpassing $3.6 billion. Its governance token $MERL is also set to be released around the halving in April, making it clear that Merlin and its top projects will attract everyone's attention. Recently, Merlin Chain's largest Launchpad platform, MerlinStarter, is set to conduct the IDO of its platform token $MSTAR on April 12. Could this be the new wave of wealth creation? The following analysis provides readers with multiple perspectives.
Comparison of Merlin Chain with some public chains' TVL
What is MerlinStarter?
MerlinStarter is the first and most core IDO platform of the Merlin Chain ecosystem. As an accelerator of the Merlin ecosystem, it aims to enhance the liquidity of Merlin Chain's native assets and develop the Bitcoin ecosystem.
MerlinStarter is an important component of the Merlin Chain ecosystem.
According to the tokenomics model released by MerlinStarter, the tokens distributed through the IDO will account for 5% of the total supply, with 50 million tokens (out of a total issuance of 1 billion tokens) being publicly sold this time.
Based on the issuance rate, the release price of one $MSTAR is approximately $0.04, which allows us to estimate that the total market value of $MSTAR at issuance will exceed $40 million.
MerlinStarter economic model
From the official tokenomics, up to 36% of the total tokens will be directly invested in the development and decentralized construction of MerlinStarter. Additionally, since private placement rounds typically have long unlocking periods, the actual circulation of $MSTAR will be much smaller, resulting in relatively lower selling pressure on the token price in the future.
Further analysis of its tokenomics 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.
■ To encourage users to actively participate in the construction of MerlinStarter, 36% of the tokens are allocated to incentivize the community.
■ For growth, 2% of the tokens will be used for marketing.
■ To address potential liquidity issues in the Merlin Chain ecosystem, 10% of the tokens are reserved to promote asset circulation.
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Holders of $MSTAR will enjoy the following benefits:
■ Access to exclusive IDO pools for new projects.
■ Stake MSTAR to earn various rewards.
■ Priority access to airdrop activities at various stages.
Further reading:
Phase One IDO Raises Over $500 Million, Securing the Top Traffic Provider Position
On March 28, MerlinStarter's first IDO project, MerlinSwap, successfully raised approximately $500 million, with over 50,000 participating addresses, setting the record for the largest IDO in blockchain history.
Core data from MerlinStarter's first phase IDO
MerlinStarter's first phase incentive activity saw over 1 million address interactions, demonstrating its status as the largest traffic entry point in the Merlin Chain ecosystem. It is 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 IDOs and a broad community base will help MerlinStarter continuously attract quality projects for IDO cooperation, creating a positive feedback loop with the rising price of $MSTAR.
Last year, the price of $AUCTION and $BAKE, two major BTC ecosystem IDO tokens, surged dramatically.
Official NFT Surges Over 24,000 Times, the Market's Most Anticipated Star
On April 3, MerlinStarter issued a total of 5,500 Spellbook NFTs, with the opening price soaring from 0.00000420 BTC to 0.1 BTC, marking a peak increase of approximately 24,000 times. For a week, its trading volume topped the Element trading market, currently stabilizing at around $5 million in market value. As an appetizer for $MSTAR, the astonishing surge of Spellbook NFTs is enough to prove the market's enthusiasm for MerlinStarter and the anticipation for the issuance of $MSTAR.
Spellbook NFT trading volume ranks first in the Merlin Chain.
With a price close to Freemint and a series of designed mechanisms, it largely reflects MerlinStarter's commitment to prioritizing the community: According to information disclosed in the official Medium article, Spellbook NFT holders will have the opportunity to receive $MSTAR airdrops and future exclusive whitelist qualifications by staking their NFTs. It is easy to imagine that MerlinStarter will continue to focus on the community, continuously empowering $MSTAR and Spellbook NFT holders.
Spellbook NFT staking rules
Further reading:
Rooted in the BTC Ecosystem, Supported by Multiple Leading BTC Communities
In just one month since its Twitter operation, MerlinStarter has already gained support from several leading BTC communities:
■ Within the Merlin ecosystem, deep cooperation has been established with core communities such as MerlinSwap and Mineral, providing support in traffic exposure and quality user acquisition through Star Drop, aiding the growth of Merlin ecosystem projects.
■ Among BTC layer one assets, strategic partnerships have been formed with several leading Brc-20 communities, including SATS, RATS, AINN, BTCS, RCSV, and MMSS, as well as several leading Ordinals NFT communities, including Bitdisc, Xmonkes, and RatsFriends, to jointly promote the market.
■ On social media, Twitter has nearly 200,000 followers, and the TG community covers over 40,000 users from regions including China, South Korea, Japan, Vietnam, Thailand, Turkey, and Europe and the United States, with daily message volume exceeding 10,000, indicating high activity.
■ OKX's Web3 multi-chain wallet, OKX Wallet, announced on March 13 that MerlinStarter has joined its ecosystem.
MerlinStarter partners
Conclusion
Looking ahead, MerlinStarter now possesses ecological hotspots (timing), support from the BTC ecosystem (geography), and issuance capabilities with a user base (people), making it highly likely to become the brightest star in this bull market. Readers are strongly advised to pay attention to the $MSTAR IDO issuance on April 12 and subsequent developments.
