Merlin Chain AMA Hosted by Dunmo District: Exploring the Potential Opportunities of Merlin
On Wednesday (20th), the Merlin Chain AMA hosted by Dunmo District took place. This AMA invited various guests from Merlin Chain to share insights on how to seize the potential opportunities offered by Merlin.
Background:
Merlin’s leading ecosystem launchpad platform, MerlinStarter, will launch its first IDO project, “MerlinSwap,” on March 25th.
With the rise of Bitcoin Layer2, the Merlin Chain AMA hosted by Dunmo District featured discussions on how to seize the potential opportunities offered by Merlin. The invited guests included BitmapTech, the founder of Merlin Chain, crypto KOL 0xcryptowizard, the Merlin Starter project team, the Merlin Swap project team, and JZ invest. They discussed the uniqueness of BTC Layer2 construction and how it was inspired by the development of Ethereum’s Layer2. They also explored the impact of Bitcoin as an underlying asset on the DeFi market, especially with the Bitcoin halving.
Merlin Chain’s first ecosystem launchpad platform, “MerlinStarter,” shared insights on how the platform achieves win-win situations for projects and users, as well as the key factors to consider when searching for and evaluating new projects. Additionally, Merlin Swap, as the first project, shared their expectations of support from the BTC incubator and how these expectations differentiate from previous initial coin offering (IDO) platforms.
First IDO Project on Merlin Chain
During this AMA, MerlinSwap announced that they will allocate 1.26 billion governance tokens, $MP, for IDO distribution from March 25th to March 27th. This accounts for 6% of the total supply of 21 billion tokens. Unlike previous IDOs where participants could only use underlying assets or stablecoins, users can participate using $BTC, $M-BTC, $HUHU, and $VOYA. The price of $MP will be set at $0.001.
MerlinSwap: The Number One Bitcoin DEX in terms of TVL, trading volume, and daily active users (DAU).
Creating Win-Win Situations on IDO Platforms
Towards the end of the AMA, MerlinStarter emphasized their commitment to creating win-win situations for both project teams and users. To achieve this goal, MerlinStarter conducts in-depth research on projects, particularly in evaluating various aspects of project teams. Factors such as venture capital support, entry price, and technical capabilities are considered.
However, MerlinStarter emphasized their primary goal of protecting the community’s funds while maintaining their role in ecosystem development.
Regarding future opportunities for Bitcoin, MerlinStarter pointed out that Bitcoin currently has significant demand based on trading volume and total value locked (TVL). In this market environment, they stated that they will not be a barrier for young teams to enter the Merlin ecosystem. In fact, MerlinStarter is willing to provide marketing assistance to any interested and capable new teams in connecting with potential investors.
Related Reports:
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