MerlinStarter Launchpad is launching the first phase of the MSTAR airdrop to reward the community with 100 million tokens.

MerlinStarter (MSTAR), a launchpad within the Merlin Chain ecosystem, has revealed its plans to launch the first phase of the MSTAR airdrop comprising 5% of total token holdings, equivalent to 100 million tokens. The airdrop will begin distribution at 10:00 AM (UTC) on April 17th and is scheduled for linear vesting for an initial 30 days. Participants can choose to claim their share once a day or accumulate it gradually.

MSTAR tokens will be available for trading on cryptocurrency exchanges including Bybit, Gate.io, and OKX starting April 17 at 10:00 AM (UTC). Additionally, the MSTAR-BTC trading pair is available on Merlin Swap, Merlin Chain's decentralized exchange platform.

In the first phase of the airdrop, 20 million MSTAR tokens, equivalent to 2% of the total supply, will be distributed to non-fungible token (NFT) stakers. The daily quota for this phase is 666,666 MSTAR tokens. This phase, from April 11 to May 10, will focus on encouraging NFT staking participation within the ecosystem.

An additional 3% of the total token supply is reserved for dedicated members of the MerlinStarter community. MSTAR airdrop eligibility will be granted to addresses holding the same NFT in both given NFT snapshots. The first snapshot of the NFT airdrop was taken on April 7 at 03:16 UTC, followed by the second snapshot on April 11 at 03:16 UTC.

Additionally, Star Point recipients who actively participate in the platform and accumulate Star Points can also receive airdrops. To be eligible for the airdrop, users must participate in an initial IDO project (MP) hosted on the MerlinStarter platform. The snapshot for this category was captured on April 13th at 9:00 UTC. IDO participants and exchange users can also benefit from a portion of the token allocation based on their participation.

What is a Merlin Starter?

Merlin Starter is the default launchpad within the Merlin Chain ecosystem. This will facilitate the incubation of the underlying Merlin Chain project and supporting assets. The main focus is to unlock native assets within the Merlin chain across various protocols.

Merlin Starter's token, MSTAR, plays a pivotal role within the ecosystem by stimulating participation, encouraging participation, and promoting the development of projects introduced through Merlin Starter. With a total token supply of 1 billion, MSTAR offers holders a variety of utilities, including access to IDO pools, airdrop participation, and token staking opportunities for yield farming rewards.

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