Data: MSTAR IDO raised 2 million USD in 8 minutes, with a 15 times oversubscription in 60 minutes

ChainCatcher news, according to official sources, the native token MSTAR of the MerlinStarter platform raised over $2 million in 8 minutes during its IDO, with participation from over 2,600 addresses, and the total fundraising amount exceeded $3 million, with oversubscription soaring to 15 times within 60 minutes. Additionally, due to congestion on MerlinChain, to ensure that Radiance whitelist users can participate smoothly, the whitelist subscription time will be extended to April 12 at 23:59.

Previous report, this IDO publicly sold 50,000,000 MSTAR (accounting for 5% of the total), setting up BTC pool, M-BTC pool, MP pool, and community pool. According to its tokenomics, the total supply of MSTAR tokens is 1,000,000,000, of which 5% will be used for public sale; 10% will be used for airdrops; 10% will be allocated for liquidity treasury, 2% will be used for marketing and growth, 15% will be allocated to the team and contributors, 5% will be allocated to advisors, 36% will be used for ecosystem and community incentives, and 17% will be allocated to investors and partners.