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Merlin Starter (MSTAR): Empowering Startups and Innovation

Intermediate
DeFi
Altcoins
Explainers
Apr 26, 2024
5 min read
0

Over the last couple of years, projects aiming to develop the wider Bitcoin (BTC) crypto ecosystem have been gaining more attention in the crypto industry, taking some focus away from Ethereum-based initiatives. With the arrival of projects such as Ordinals, BRC-20 and Runes, one might even say that the Bitcoin ecosystem is experiencing a kind of innovative development that characterized Ethereum's heyday between 2015 and 2020.

Among the projects driving this phenomenon are Merlin Chain (MERL) and its integral Merlin Starter (MSTAR). Merlin Chain is a Bitcoin Layer 2 (L2) platform committed to supporting utilization and enhanced liquidity for Bitcoin native assets, while Merlin Starter, a Bitcoin-focused launchpad and L2 project accelerator, is a core part of the wider Merlin ecosystem,

Key Takeaways:

  • Merlin Starter (MSTAR) is an IDO launchpad and accelerator dedicated to supporting Layer 2 projects for Bitcoin native asset applications.

  • The platform is part of the wider Merlin ecosystem, which also includes Merlin Chain, a Bitcoin Layer 2 network.

  • Merlin Starter has recently launched its native token, MSTAR, which can be used for staking and yield farming, as well as gaining exclusive access to projects listed on its IDO launchpad.

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