Phantom Launch: Bitmap First, No Swap Fees, No Gas Fees, UniCross Point Rewards!

UniCross
3 min readJun 7, 2024

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Phantom is going to launch on Merlin Chain as the first BTC Asset swap protocol, supporting swaps between assets such as RUNES, BRC-20, BRC-420, and Ordinals NFT. Phantom, jointly built by UniCross and Merlin Chain, aims to provide better liquidity and more application scenarios for BTC assets.

Bitmap will be the first asset to launch on Phantom, allowing users to swap Bitmap for THE•BITMAP•TOKEN (RUNES). The swap rate remains fixed and is not affected by the price of either asset. The fixed exchange rate between Bitmap and THE•BITMAP•TOKEN is 1 Bitmap = 10,000 THE•BITMAP•TOKEN. Phantom supports two-way swaps between Bitmap and THE•BITMAP•TOKEN.

Before the official launch of Phantom, its contract was audited by the leading contract auditing firm Scalebit, ensuring the security of users’ assets.

To celebrate the grand launch of Phantom, UniCross is introducing a points reward system with no transaction fees and no gas fees! The details of the event are as follows:

Event Period

June 7th, 5:00 (UTC) — June 14th, 5:00 (UTC)

Event Rules

1.Trade on Phantom and earn UniCross points! Holders of $RUFI, $Merl, and UniCross Genesis can receive up to 100% points reward bonus!

During the event, all Phantom traders will receive UniCross points. Holders of $RUFI, $Merl, and UniCross Genesis (on merlin chain) can get additional points. These points can be redeemed for UniCross tokens in the future.

1) Swap Bitmap for THE•BITMAP•TOKEN (Each Bitmap can only receive points once)

  • For the first 1–10,000 Bitmaps swapped, each Bitmap will earn 1,000 points;
  • For 10,001–50,000 Bitmaps swapped, each Bitmap will earn 600 points;
  • For 50,000+ Bitmaps swapped, each Bitmap will earn 300 points;

2) Swap THE•BITMAP•TOKEN for Bitmap

  • Each swap of 1 THE•BITMAP•TOKEN for a Bitmap will earn 300 points;

3) Points Bonus (Both ways of the swap are eligible for points bonus)

Holders of $RUFI, $Merl, and UniCross can enjoy points reward bonuses. If holding multiple assets, the highest bonus will be applied.

A snapshot will be taken at the end of the event. Each 10M $RUFI or 200 $Merl held will earn a 1% bonus on total points. Each UniCross Genesis held will earn a 20% bonus. The maximum bonus is 100%. Bonus points will be calculated and distributed after the event.

2.Trade on Phantom with no swap fees!

During the event, swapping Bitmap for THE•BITMAP•TOKEN will be free of charge. Swapping THE•BITMAP•TOKEN for Bitmap will also have reduced transaction fees, with a single fee of only 0.00001 BTC.

3.Trade on Phantom with no gas fees!

During the event, trading on Phantom using Particle Wallet will have a gas-free limit of $50,000. First come, first served, until the limit is reached.

Please note:

  • Due to transaction packaging limitations, to provide a better swap experience, the maximum swap limit per transaction is 25 Bitmaps.

In addition to the UniCross incentives, Merlinswap will follow up with Phantom, providing subsequent liquidity farming and trading rewards for THE•BITMAP•TOKEN. Stay tuned to the official Merlinswap channels for details!

Follow UniCross on social media for the latest updates:

Twitter: https://x.com/UniCrossGlobal

Medium: https://medium.com/@UniCross

Discord: https://discord.com/invite/unicross

Telegram: https://t.me/UniCrossOfficial

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UniCross

Unleashing the Potential of Bitcoin Assets on Layer2.