MerlinStarter token IDO: $MSTAR Launch Overview

MerlinStarter
3 min readApr 11, 2024

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Merlin Starter’s launchpad token: $MSTAR, serves as the cornerstone of the ecosystem, driving participation, incentivizing engagement, and fueling the growth of projects launching on Merlin Starter.

Merlin Starter is Merlin Chain’s first native launchpad platform and a Bitcoin Layer 2 Accelerator. It is dedicated to unlocking native assets on MerlinChain across various protocols, with the goal of expediting asset circulation and growing the Merlin and Bitcoin ecosystem.

Token Information

Name: MerlinStarter

Ticker: MSTAR

Blockchain: Merlin Chain

Amount: 1,000,000,000 $MSTAR

CA: TBA

Token Distribution

Public Sale: 5%

Airdrop: 10%

Liquidity Treasury: 10%

Marketing & Growth: 2%

Team & Contributors: 15%

Advisor: 5%

Ecosystem & Community incentives: 36%

Investor & Partner: 17%

Tokenomic Link: https://medium.com/@MerlinStarter/mstar-tokenomics-an-overview-of-merlinstarters-native-token-economy-d79e925fdfdd

About Public Sale

Public Sale Launch Amount: 50,000,000 $MSTAR (5% of total amount)

IDO FDV: $40 Million

Token Price: 0.04USD

Vesting term: 50% vesting at TGE, then linear vesting in 5 months. Please note that user can claim once each month.

We calculate the unlock period based on 30 calendar days.

There are four pools for $MSTAR IDO Public Sale:

BTC, $M-BTC, $MP Pools:

No hard cap. 45,000,000 $MSTAR allocation to the following pools:

Exchange rate snapshot time: 10:00AM, April 11th (UTC+8/SGT/HKT)

In each pool, Your Allocation = Specific Pool Allocation * Your Subscribed Amount / Total Subscription in the Pool.

Use Case:

If you subscribed $10k worth of $BTC, while the total $BTC subscription is $500k, you will get $8.4k worth of $MSTAR (420M * 10k / 500k). The rest $1.6k $BTC will be refunded to your account.

Users can claim the refund token right after launching ends.

Community Pool:

  • Radiance Subscription Time: 20:00–22:00, April 12th (UTC+8/SGT/HK)
  • Sparkle Subscription Time: 22:00, April 12th (UTC+8/SGT/HK)
  • Requirements: Open to radiance & sparkle whitelist holders. We will announce the whitelist qualifications and addresses in advance on MerlinStarter X.
  • Participation Token: BTC

5,000,000 $MSTAR allocation to following 4000 tickets

Exchange rate snapshot time: 10:00AM, April 11th (UTC+8/SGT/HKT)

Please note that all community whitelists will be given to the community contributors in a fair and transparent way. NO TEAM RESERVED. All details will be announced soon.

Should you have inquiries or require assistance, feel free to reach out on Telegram @MerlinStarterofficial, we’re here to help.

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MerlinStarter

The 1st native launchpad on MerlinLayer2.The accelerator for all BTCLayer2 projects.