Original - Odaily

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Editor｜Qin Xiaofeng

In the past two days, what is the Merlin invitation code that has been seen everywhere on social media and in the crypto community?

Merlin Chain is based on Layer 2 of the Bitcoin network. It uses zk-Rollup to package and record its second-layer transaction proof in the Taproot of the Bitcoin network. Merlin Chain was launched by Bitmap Tech. Bitmap and the BRC-420 Blue Box series have become one of the most popular Ordinals assets, and the team is well-known in the Bitcoin ecosystem.

Recently, Merlin Chain has been making a lot of moves. On the one hand, it announced the completion of financing, with 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital participating in the investment. On the other hand, founder Jeff announced that Merlin Chain will launch the largest L2 fair launch, and the token MERL airdrop ratio is much higher than the common 5%. It will also distribute its governance tokens through a fair launch, aiming to Rewarding real users and builders.

On February 5, Merlin Chain announced that 1% of the total token supply (21 million MERL) will be used for Launchpad. The platform is Peoples Launchpad. The event lasts for 5 days and the initial purchase price is 0.00004762 USDT.

Perhaps because of the limited share, the markets enthusiasm for participation far exceeded imagination, and the entire network began to craze about Merlin.Odaily teaches you step by step how to obtain Merlins Launchpad share, as well as the possible hidden costs.

Interactive tutorial.

First, select a friend or Twitter KOL’s invitation code link to open the URL. In the process of linking the wallet, Twitter and Discord two-factor authentication are required.

According to the picture above, there are four tasks that need to be completed DO IT:

• The first step is to follow the Merlin Chain Twitter account. This step is mainly to attract fans to the project and will not gain energy;

• The second step is to invite friends. There is an upper limit for the token purchase share of this fair launch. You can add 200 energy points to yourself through the verification code;

• The third step is to pledge 2 million ALLY tokens to get 80,000 energy points (detailed later);

• The fourth step is to ensure that your wallet has at least 0.00025 BTC in the Melin Chain main network; every 0.00025 BTC can get 1,000 energy points, with an upper limit of 80,000 energy points, which is 0.02 BTC.

There is no upper limit for the second step, but each time you pull someone in to gain 200 energy points, it also means there is one more competitor. Relatively speaking, it is easier for KOLs to gain an advantage in this step.

The third step is to pledge 2 million ALLY. This step is a must to obtain a high share, but it also bears the risk of asset shrinkage. ALLY is an inscription, and it has to be pledged for 28 days. The cost of 2 million ALLY is more than 1,000 USDT. The asset value may fluctuate greatly. Combined with the poor liquidity of inscription, Odaily recommends that you proceed with caution in this step. (Odaily note: ALLY is the first EVM inscription that only supports minting through the account abstraction protocol. It is minted on the L2 line and all inscriptions are performed through the Particle Networks full-chain account abstraction protocol.)

The steps are as follows:

(1) Click DO IT in the pledge 2 million ALLY taskbar.

(2) Click anywhere above to see the purchase page.

(3) ALLY holders will split their inscriptions into 2 million pieces to place orders, and just buy the first one.

(4) According to the left part of the above picture, as of the time of publication, 2 million ALLYs are worth nearly 1,300 USDT. The left side of the picture above is the interface for staking ALLY inscriptions. From the picture, you can see that the length of the pledge time is related to the value of the energy obtained. The maximum pledge time is 28 days, and many users have not performed this step.

Step 4: Check the BTC amount. Since the official bridge of the Merlin mainnet has not yet been opened, there are large barriers to BTC cross-chain. The current solution provided by the project team is throughmeson.fiCross-chain to the Merlin main network, or purchase directly over the counter OTC.

According to the test of the Twitter KOL Chainyou Wanyu Sir, the handling fee for crossing from Arbitrum to the Merlin main network is relatively low, only 0.9 USDT; at the same time, it should be noted that the transferred BTC will take 7-14 days to be transferred from the Merlin main network. come out.

Merlin Chain founder Jeff revealed in Twitter Space last week that after the mainnet is launched, a variety of high-quality assets can participate in the Merlin Chain mainnet pledge mining plan, including the top assets of BTC, Bitmap, BRC-420, and BRC-20 Wait, so depositing in advance is more conducive to seizing the opportunity.

The time range of this Launchpad is from 20:00 on February 5 to 20:00 on February 10, Beijing time, for a total of 5 days. As of the publication of this article, the top 54 in the energy rankings have completed the third step of staking and the fourth step of BTC verification, with an energy value of 160,000; the energy value of the top 500 is more than 80,000; the total number of user participants is nearly 25,000 .

Odaily reminds you to participate rationally and control costs. It is recommended that you try it in addition to the third step of staking. Obtaining a certain number of token shares for free is also a good choice.