MerlinStarter Launches First MSTAR Airdrop

MerlinStarter (MSTAR) in the Merlin Chain ecosystem is launching its first MSTAR airdrop, distributing 100 million tokens, or 5% of the total reserve.

MerlinStarter (MSTAR), the launchpad in the Merlin Chain ecosystem, announced that it will begin the first MSTAR airdrop, which will consist of 100 million tokens, or 5% of the total token reserve. Distribution of the airdrop is set to begin on April 17 at 10:00 a.m. UTC, with a 30-day vesting term that is linear. Either they can claim their part once a day or they can choose to accumulate it over time.

On April 17, at 10:00 a.m. UTC, the MSTAR token will go up for trade on cryptocurrency exchanges such as Bybit, Gate.io, and OKX. The decentralized exchange platform Merlin Swap, part of the Merlin Chain, will also offer the MSTAR-BTC trading pair.

During the first phase of the airdrop, non-fungible token (NFT) holders will receive twenty million MSTAR tokens, or 2% of the total supply. We will distribute 666,666 MSTAR tokens daily during this phase. This phase, which runs from April 11 to May 10, aims to encourage NFT staking participation throughout the ecosystem.

We reserve three percent more tokens than the total for the devoted members of the MerlinStarter community. Addresses with NFTs that match in both of the designated NFT snapshots are eligible for the MerlinStarter (MSTAR) airdrop. We took the first snapshot for the NFT airdrop on April 7th at 03:16 UTC, and the second snapshot on April 11th at 03:16 UTC.

Additionally, the airdrop will be available to Starpoint recipients who have accumulated Starpoints by actively using the site. The airdrop is available to users who took part in the first IDO project (MP) on the MerlinStarter platform. We took the snapshot of this category on April 13 at 9:00 UTC. Users of the exchange and IDO participants will also benefit from a portion of the token distribution according to their involvement.

How does Merlin Starter work?

Merlin Starter is the ecosystem’s native launchpad within the Merlin Chain. It simplifies the start-up process for native Merlin Chain projects and their supporting components. Its main goal is to unlock native assets across various protocols in the Merlin Chain.

Merlin Starter’s token, MSTAR, plays a crucial role in the ecosystem by promoting participation, offering incentives, and propelling the progress of projects it introduces. MSTAR provides holders with a number of services, such as access to IDO pools, involvement in airdrops, and the chance to stake the token for yield farming payouts, among other advantages. One billion tokens are the limit of the token supply.