MerlinStarter, the largest Launchpad platform on the Merlin Chain, is about to launch its IDO. A multidimensional analysis of $MSTAR's value
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MerlinStarter, the largest Launchpad platform on the Merlin Chain, is about to launch its IDO. A multidimensional analysis of $MSTAR's value
According to the token economy model released by MerlinStarter, tokens distributed through IDO will account for 5% of the total supply. This public sale will offer 50 million tokens (with a total issuance of 1 billion tokens).
Navigating Web3 tides with focused insightsMerlinChain is currently the leading BTC L2 project, and as a top-tier ecosystem on Bitcoin, its TVL continues to grow, surpassing $3.6 billion. The launch of its governance token $MERL is expected around April, coinciding with the Bitcoin halving event. As such, both MerlinChain and its key ecosystem projects are drawing widespread attention. Recently, MerlinStarter—the largest launchpad platform on MerlinChain—is set to conduct an IDO for its platform token $MSTAR on April 12. Could this mark the emergence of a new wealth opportunity?
Below is a multi-angle analysis for readers.
Comparison of TVL between MerlinChain and other public blockchains
What is MerlinStarter?
MerlinStarter is the first and most central IDO platform within the MerlinChain ecosystem. Acting as an accelerator for Merlin’s ecosystem, it aims to boost liquidity for native assets on MerlinChain and foster the development of the broader Bitcoin ecosystem.
MerlinStarter is a key component of the MerlinChain ecosystem
According to the tokenomics model released by MerlinStarter, 5% of the total supply will be allocated through the IDO, with 50 million tokens (out of a total supply of 1 billion) offered in the public sale.
Based on the offering price of approximately $0.04 per $MSTAR, the fully diluted market cap at launch is estimated to exceed $40 million.
MerlinStarter tokenomics
Official tokenomics reveal that as much as 36% of the total token supply will be directly allocated toward MerlinStarter's development and decentralization efforts. Additionally, since private round investments typically come with long-term vesting schedules, the actual circulating supply of $MSTAR will be significantly lower, reducing potential downward pressure on the token price post-launch.
A deeper look into its token distribution:
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10% of $MSTAR tokens are reserved for rewarding early supporters of MerlinStarter, with only 5% released at TGE to minimize initial sell pressure
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To encourage active community participation in building MerlinStarter, 36% of tokens are allocated as community incentives
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For growth and marketing purposes, 2% of tokens will be used for promotional campaigns
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To address potential liquidity shortages in the MerlinChain ecosystem, 10% of tokens are reserved to support asset liquidity
Holders of $MSTAR will enjoy the following benefits:
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Exclusive access to dedicated IDO pools for new project launches
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Earning multiple rewards by staking MSTAR
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Priority access to various airdrop events
First IDO oversubscribed fivefold, cementing position as a top traffic provider
On March 28, MerlinStarter successfully raised nearly $500 million through the IDO of its first project, MerlinSwap’s $MP token, with over 50,000 participating addresses—setting a record for the largest IDO in blockchain history.
Key data from MerlinStarter’s first IDO
The first-phase points campaign of MerlinStarter saw over one million wallet interactions, proving it has become the largest traffic gateway in the MerlinChain ecosystem. Going forward, it's expected that all major high-quality projects will rely on MerlinStarter for visibility, fundraising, and launch support. Its proven track record in successful IDOs and strong community base will continue attracting premium projects, creating a positive flywheel effect where more quality projects lead to rising $MSTAR value.
Late last year, BTC ecosystem IDO tokens $AUCTION and $BAKE saw astonishing price surges
Official NFT surges over 24,000x, becoming the market’s hottest asset
On April 3, MerlinStarter launched its NFT collection SpellbookNFT, with a total supply of 5,500 pieces. The opening price surged from 0.00000420 BTC to 0.1 BTC—a peak increase of approximately 24,000x. It ranked #1 on Element marketplace in trading volume for a consecutive week and now maintains a market cap of around $5 million. As a prelude to $MSTAR, the explosive performance of SpellbookNFT clearly demonstrates strong market enthusiasm for MerlinStarter and high anticipation for the $MSTAR launch.
SpellbookNFT dominates trading volume on MerlinChain
With a near-Freemint pricing model and carefully designed mechanisms, SpellbookNFT reflects MerlinStarter’s community-first philosophy. According to official Medium announcements, holders of SpellbookNFT will have opportunities to receive $MSTAR airdrops and exclusive whitelist access through staking. It’s easy to envision that MerlinStarter will continue to empower both $MSTAR and SpellbookNFT holders with increasing benefits moving forward.
SpellbookNFT staking rules
Rooted in the BTC ecosystem, backed by leading BTC communities
In just one month since launching its Twitter presence, MerlinStarter has already gained support from numerous top-tier BTC communities:
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Within the Merlin ecosystem, it has formed deep collaborations with core communities like MerlinSwap and Mineral, providing traffic exposure and user acquisition via StarDrop to help ecosystem projects grow
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Among BTC Layer-1 assets, it has established strategic partnerships with leading BRC-20 communities including SATS, RATS, AINN, BTCS, RCSV, MMSS, and prominent Ordinals NFT communities such as Bitdisc, Xmonkes, and RatsFriends to jointly promote market expansion
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Social media metrics show nearly 200,000 Twitter followers, and its Telegram community spans users across China, South Korea, Japan, Vietnam, Thailand, Turkey, and Western countries, with over 40,000 members and daily message volume exceeding 10,000—indicating a highly active community
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On March 13, OKX’s Web3 multi-chain wallet, OKXWallet, announced MerlinStarter’s integration into its ecosystem
MerlinStarter partners
Summary
Looking ahead, MerlinStarter currently enjoys favorable timing (heaven), strong BTC ecosystem backing (earth), and solid project-launch capabilities with a growing user base (people). It has a strong chance of becoming one of the brightest stars in this bull market. Readers are highly encouraged to closely follow the $MSTAR IDO on April 12 and its subsequent developments.
MerlinStarter Links
Website: merlinstarter.com
Twitter: https://twitter.com/Merlin_Starter
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