MerlinSwapSecure Your MP Token with the Trade-to-Earn Event!
Greetings, Adventures! MerlinSwap is thrilled to announce our year-long big event — Trade to Earn, where you can receive MerlinSwap's token as rewards for the trades you make on the platform. MerlinSwap hopes adventures could support and build MerlinSwap together for the long term, and provides 24% of the total supply of the MerlinSwap’s token (5.04 billion MP) as the rewards of the Trade-to-Earn event. Read the complete rundown on Trade-to-Earn so you can grab the earnings without missi...
MerlinSwapMerlinSwap Airdrop Details
A total of 20% of esMP tokens will be distributed to the community, including an initial 4% esMP airdrop, followed by the remaining 16% being Community-driven Future Airdrops after TGE. Our vision is for MerlinSwap to become the #1 Decentralized Exchange in the Bitcoin ecosystem, and we kindly thank our early loyalty supporters by retroactively rewarding them with the esMP token. The total 840M (4%) esMP will be divided into two parts:3% esMP will be allocated to the MerlinSwap ecosystem. The...
MerlinSwap梅林大冒险：$VOYA公平发射公告
我们非常激动地介绍$VOYA空投活动，这是一个具有里程碑意义的时刻，标志着在梅林链上首次公平发行BRC-20代币的开始。此次活动邀请勇敢的探险者们一起探索梅林链未知的新领域。 $VOYA作为连接BRC-20与梅林链的重要纽带，会通过MerlinSwap将1000万个$VOYA代币全部分发给梅林链的早期支持者们。 空投资格规则： 要参加空投，您的地址在快照时刻必须满足以下条件之一：在梅林的SEAL中质押的资产价值达到或超过0.01 $BTC；在梅林链上的链上钱包中持有的BTC资产总量达到或超过0.01 $BTC；在梅林链上的链上钱包中持有的HUHU资产：总量达到/超过140K $HUHU或者HUHU-BTC的LP中HUHU的代币数量*0.00000007+BTC 价值达到/超过0.01 $BTC。我们将在2月21日上午11:00 UTC+8进行快照，以确定是否符合资格。 如何领取： 从2月21日下午16:00 UTC+8开始，符合条件的用户可以通过我们的官方页面https://merlinswap.org/airdrop 来验证他们的钱包资格并领取$VOYA空投。 🚨 注意：请保...
MerlinSwapSecure Your MP Token with the Trade-to-Earn Event!
Greetings, Adventures! MerlinSwap is thrilled to announce our year-long big event — Trade to Earn, where you can receive MerlinSwap's token as rewards for the trades you make on the platform. MerlinSwap hopes adventures could support and build MerlinSwap together for the long term, and provides 24% of the total supply of the MerlinSwap’s token (5.04 billion MP) as the rewards of the Trade-to-Earn event. Read the complete rundown on Trade-to-Earn so you can grab the earnings without missi...
MerlinSwapMerlinSwap Airdrop Details
A total of 20% of esMP tokens will be distributed to the community, including an initial 4% esMP airdrop, followed by the remaining 16% being Community-driven Future Airdrops after TGE. Our vision is for MerlinSwap to become the #1 Decentralized Exchange in the Bitcoin ecosystem, and we kindly thank our early loyalty supporters by retroactively rewarding them with the esMP token. The total 840M (4%) esMP will be divided into two parts:3% esMP will be allocated to the MerlinSwap ecosystem. The...
MerlinSwap梅林大冒险：$VOYA公平发射公告
我们非常激动地介绍$VOYA空投活动，这是一个具有里程碑意义的时刻，标志着在梅林链上首次公平发行BRC-20代币的开始。此次活动邀请勇敢的探险者们一起探索梅林链未知的新领域。 $VOYA作为连接BRC-20与梅林链的重要纽带，会通过MerlinSwap将1000万个$VOYA代币全部分发给梅林链的早期支持者们。 空投资格规则： 要参加空投，您的地址在快照时刻必须满足以下条件之一：在梅林的SEAL中质押的资产价值达到或超过0.01 $BTC；在梅林链上的链上钱包中持有的BTC资产总量达到或超过0.01 $BTC；在梅林链上的链上钱包中持有的HUHU资产：总量达到/超过140K $HUHU或者HUHU-BTC的LP中HUHU的代币数量*0.00000007+BTC 价值达到/超过0.01 $BTC。我们将在2月21日上午11:00 UTC+8进行快照，以确定是否符合资格。 如何领取： 从2月21日下午16:00 UTC+8开始，符合条件的用户可以通过我们的官方页面https://merlinswap.org/airdrop 来验证他们的钱包资格并领取$VOYA空投。 🚨 注意：请保...
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The moment you've all been eagerly anticipating has arrived: the launch of the MerlinSwap governance token! Just two months after our inception, we committed to issuing a token once we could demonstrate that Merlinswap was adding substantial value to the ecosystem and that introducing a token would expedite this process. That milestone has been achieved.
Essence of Value
Navigating through DeFi often feels like traversing a minefield, with many projects promising much but delivering little. Initially, these projects might ride a wave of social media buzz and high yield farming incentives, temporarily boosting their token prices and misleading the less savvy investors. However, as the incentives dwindle, such projects tend to fade away into the depths of the DeFi protocols, forgotten within the vast expanse of the metaverse.
We propose a different approach: start without a token, concentrate on developing a valuable product and fostering a vibrant community, and then, as we are now doing, retroactively reward our community with the token. This approach not only rewards our loyal users but also ignites the journey towards a decentralized model, creating genuine value.
In recent months, MerlinSwap has facilitated trades exceeding $200 million, enhanced our cherished swap user interface, and rewarded early users with over 400,000 VOYA through airdrops. This lays a robust foundation for the future growth of Merlinswap.
Our Vision
MerlinSwap stands as the 1# Decentralized Exchange in Bitcoin ecosystem, aimed to become the liquidity hub for BTC and Bitcoin eco-assets, including BRC20, BRC420 and native tokens across Merlin Bitcoin layer2.
User Experience: From day one, our user experience has attracted users to Merlinswap, thanks to features like our Fair Price Indicator, Your Tokens panel, and Magic Bar. We are committed to enhancing this experience further by supporting additional wallets and listing new tokens promptly.
Capital Efficiency: Although simple AMMs are beautifully straightforward, they lack capital efficiency. Following in the footsteps of Uniswap v3, we see significant potential for further innovation in AMMs to enhance our core offering's capital efficiency post-token launch.
CEX-like Experience: MerlinSwap enables non-custodial limit orders via DLAMM, allowing users to place orders at specific prices without the risks of slippage or front-running. This feature aims to provide a seamless bridge for CEX users to transition to a decentralized, automated trading platform without sacrificing the familiar limit order experience.
Achieving these ambitious objectives requires aligning the incentives of developers, liquidity providers, and traders, a task we believe the MP token is perfectly suited for.
Accelerating Value Creation
A governance token's primary role is to hasten value creation within a project, allowing it to stand out in a competitive and evolving ecosystem. When utilized effectively, a governance token serves as a democratic tool to attract contributions from a wide range of participants, pooling together their ideas, skills, and liquidity. As the crypto sector becomes ever more pivotal to the global economy, DeFi stands as a beacon for establishing a more equitable economic paradigm.
Name: MerlinSwap Token
Ticker: MP
Chain: Merlin
Total Supply (Max): 21,000,000,000 MP
MP allocation
Public Sale (6%)
6% of tokens will be allocated to the public sale. This ensures a wide distribution of the tokens and active participation in the ecosystem development by Merlin native token holders.
Distribution schedule:
Lockup: none
Vesting: none
Airdrop (20%)
The Community has been allocated 20% of the token supply. Merlinswap wouldn’t be possible without a thriving community of supporters. 4% of this allocation will be unlocked at TGE and will be distributed during the initial phases of the TGE, including the TGE-related airdrop (and related activities). The airdrop will be distributed in the form of esMP tokens, rather than MP tokens directly. The esMP tokens can be credited back to your wallet immediately. For those looking to convert their esMP into MP tokens, a vesting option is available. By vesting your esMP, they will be linearly converted to MP tokens over a 30-day period at a 1:1 ratio. For the Airdrop details, please refer to LINK.
The first 4% of the esMP token distribution schedule:
Lockup: none
Vesting: linear, 30 days
The remaining 16% of the esMP token will be determined through community proposals and voting. This approach empowers MerlinSwap’s community, to directly influence how rewards are distributed, ensuring that our actions are always aligned with community’s expectations and interests.
Distribution schedule:
Lockup: decided by community
Vesting: linear, 30 days
Trading Rewards (24%)
24% of tokens will be allocated to the trading reward. The Trade-to-Earn program allows users to earn extra rewards while continuing the usual trading activities. This program isn't just a one-time event but a continuous, 12-month earning opportunity. The reward will be distributed in the form of esMP tokens, rather than MP tokens directly.
Distribution schedule:
Lockup: none
Vesting: 12 months
Merlinswap Treasury & LP (33%)
33% of tokens will be allocated to the MerlinSwap Treasury, which ties the value of the MP token to MerlinSwap itself. The accumulated fees may be used to fund development, manage the token supply through buy-backs, or other initiatives that support the long-term health of the protocol. Part of the tokens in the treasury were also distributed via mining, farming and other liquidity incentivization schemes to boost the protocol's long term growth.
Distribution schedule:
Lockup: 1 month cliff
Vesting: linear, 48 months
Genesis Liquidity Treasury (9%)
5% of the initial token supply will be paired with BTC and other selected ranges and deposited as liquidity to support MP swaps at launch. 4% of the initial token will be used for long-term market making.
Distribution schedule:
Lockup: none
Vesting: none
Marketing (2%)
2% of tokens will be allocated to the MerlinSwap marketing expansion activities, including marketing campaigns and eco collaborations.
Distribution schedule:
Lockup: none
Vesting: linear, 30 days
MerlinSwap Team (6%)
MerlinSwap contributors will receive 6% of the tokens, strongly incentivizing them to seek the long-term health of the protocol and overall ecosystem.
Distribution schedule:
Lockup: 12 months
Vesting: 12 months
Conclusion
This token model is created to bootstrap the MerlinSwap ecosystem with well-aligned incentives for key stakeholders and traders.
To connect with the community, please join our Discord!
The moment you've all been eagerly anticipating has arrived: the launch of the MerlinSwap governance token! Just two months after our inception, we committed to issuing a token once we could demonstrate that Merlinswap was adding substantial value to the ecosystem and that introducing a token would expedite this process. That milestone has been achieved.
Essence of Value
Navigating through DeFi often feels like traversing a minefield, with many projects promising much but delivering little. Initially, these projects might ride a wave of social media buzz and high yield farming incentives, temporarily boosting their token prices and misleading the less savvy investors. However, as the incentives dwindle, such projects tend to fade away into the depths of the DeFi protocols, forgotten within the vast expanse of the metaverse.
We propose a different approach: start without a token, concentrate on developing a valuable product and fostering a vibrant community, and then, as we are now doing, retroactively reward our community with the token. This approach not only rewards our loyal users but also ignites the journey towards a decentralized model, creating genuine value.
In recent months, MerlinSwap has facilitated trades exceeding $200 million, enhanced our cherished swap user interface, and rewarded early users with over 400,000 VOYA through airdrops. This lays a robust foundation for the future growth of Merlinswap.
Our Vision
MerlinSwap stands as the 1# Decentralized Exchange in Bitcoin ecosystem, aimed to become the liquidity hub for BTC and Bitcoin eco-assets, including BRC20, BRC420 and native tokens across Merlin Bitcoin layer2.
User Experience: From day one, our user experience has attracted users to Merlinswap, thanks to features like our Fair Price Indicator, Your Tokens panel, and Magic Bar. We are committed to enhancing this experience further by supporting additional wallets and listing new tokens promptly.
Capital Efficiency: Although simple AMMs are beautifully straightforward, they lack capital efficiency. Following in the footsteps of Uniswap v3, we see significant potential for further innovation in AMMs to enhance our core offering's capital efficiency post-token launch.
CEX-like Experience: MerlinSwap enables non-custodial limit orders via DLAMM, allowing users to place orders at specific prices without the risks of slippage or front-running. This feature aims to provide a seamless bridge for CEX users to transition to a decentralized, automated trading platform without sacrificing the familiar limit order experience.
Achieving these ambitious objectives requires aligning the incentives of developers, liquidity providers, and traders, a task we believe the MP token is perfectly suited for.
Accelerating Value Creation
A governance token's primary role is to hasten value creation within a project, allowing it to stand out in a competitive and evolving ecosystem. When utilized effectively, a governance token serves as a democratic tool to attract contributions from a wide range of participants, pooling together their ideas, skills, and liquidity. As the crypto sector becomes ever more pivotal to the global economy, DeFi stands as a beacon for establishing a more equitable economic paradigm.
Name: MerlinSwap Token
Ticker: MP
Chain: Merlin
Total Supply (Max): 21,000,000,000 MP
MP allocation
Public Sale (6%)
6% of tokens will be allocated to the public sale. This ensures a wide distribution of the tokens and active participation in the ecosystem development by Merlin native token holders.
Distribution schedule:
Lockup: none
Vesting: none
Airdrop (20%)
The Community has been allocated 20% of the token supply. Merlinswap wouldn’t be possible without a thriving community of supporters. 4% of this allocation will be unlocked at TGE and will be distributed during the initial phases of the TGE, including the TGE-related airdrop (and related activities). The airdrop will be distributed in the form of esMP tokens, rather than MP tokens directly. The esMP tokens can be credited back to your wallet immediately. For those looking to convert their esMP into MP tokens, a vesting option is available. By vesting your esMP, they will be linearly converted to MP tokens over a 30-day period at a 1:1 ratio. For the Airdrop details, please refer to LINK.
The first 4% of the esMP token distribution schedule:
Lockup: none
Vesting: linear, 30 days
The remaining 16% of the esMP token will be determined through community proposals and voting. This approach empowers MerlinSwap’s community, to directly influence how rewards are distributed, ensuring that our actions are always aligned with community’s expectations and interests.
Distribution schedule:
Lockup: decided by community
Vesting: linear, 30 days
Trading Rewards (24%)
24% of tokens will be allocated to the trading reward. The Trade-to-Earn program allows users to earn extra rewards while continuing the usual trading activities. This program isn't just a one-time event but a continuous, 12-month earning opportunity. The reward will be distributed in the form of esMP tokens, rather than MP tokens directly.
Distribution schedule:
Lockup: none
Vesting: 12 months
Merlinswap Treasury & LP (33%)
33% of tokens will be allocated to the MerlinSwap Treasury, which ties the value of the MP token to MerlinSwap itself. The accumulated fees may be used to fund development, manage the token supply through buy-backs, or other initiatives that support the long-term health of the protocol. Part of the tokens in the treasury were also distributed via mining, farming and other liquidity incentivization schemes to boost the protocol's long term growth.
Distribution schedule:
Lockup: 1 month cliff
Vesting: linear, 48 months
Genesis Liquidity Treasury (9%)
5% of the initial token supply will be paired with BTC and other selected ranges and deposited as liquidity to support MP swaps at launch. 4% of the initial token will be used for long-term market making.
Distribution schedule:
Lockup: none
Vesting: none
Marketing (2%)
2% of tokens will be allocated to the MerlinSwap marketing expansion activities, including marketing campaigns and eco collaborations.
Distribution schedule:
Lockup: none
Vesting: linear, 30 days
MerlinSwap Team (6%)
MerlinSwap contributors will receive 6% of the tokens, strongly incentivizing them to seek the long-term health of the protocol and overall ecosystem.
Distribution schedule:
Lockup: 12 months
Vesting: 12 months
Conclusion
This token model is created to bootstrap the MerlinSwap ecosystem with well-aligned incentives for key stakeholders and traders.
To connect with the community, please join our Discord!
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