Early this morning, Merlin Chain participated in Space with five high-quality Merlin projects, and the amount of information output exploded. Everyone must select the best projects and build them together. The next wave of profits is here. The following is the summary of Space content:
1. How to view excellent applications and choose them for Merlin second-tier construction
1. One layer of restrictions. In fact, various teams on the first layer of BTC have the desire to build through BTC’s original assets, brc20, brc420 or bitmap, but the construction cost of the first layer is indeed too high, including the user cost. It's on the high side, so choosing the second floor is a natural choice.
2. First-mover advantage. If some projects have not been issued on other chains before, in fact, they have first-mover advantages when they come to the BTC ecosystem today. Whether it is user traffic or money liquidity, it is natural. Therefore, in such a particularly early track, there will be organic growth, and now is the best time for many applications to come and do it.
2. Revealing the secret of 420 variation
1. 420 has two relatively big updates, the first is variation, and the second is kept secret for the time being.
2. Variation means that the assets in the collection become different. Each asset can have different customized graffiti or attributes, colors, etc. For example, if you want to make a game, you can launch a set of heroes through 420 variation.
3. Mint process: First, the project party establishes the project, second, the people involved in the creation use all elements to create freely, and third, users freely select elements, create their own assets under the rules of the project party, and conduct Mint.
4. This mechanism is completely open source. You can consider how to innovate for this mechanism.
3. How to seize the opportunity of 420, Merlin
Pay more attention to the reaction of the mainstream community and the core community, and participate in some activities similar to bitsmiley's lossless stablecoin acquisition without free loss, and then there are some early assets that you can participate in.
4. About the Safety Committee Mechanism
Ordinary users should pay attention to Twitter’s announcements and which dapps have joined. After the second person finds a problem, he can go to Discord to report it, and the team will review it. In the later stage, there will be two sets of monitoring mechanisms on the chain, which will announce problems found by most users in the protocol. As an ordinary user, just follow them on Twitter.
5. About Token Swap
One is opened first by projects that are currently anxious, such as Mineral. In addition, considering the safety of everyone's funds, it is not open for the time being because we are worried that your money will encounter risks on the chain, so we will lay a safe foundation for everyone before going back to release these. Money (excluding 420, you know). Finally, the empowerment of graph-to-coin swap is very important and needs to be considered by each project team. If they think about it well, we will support them to do it first. Moreover, this matter does not mean it will be beneficial if it is launched first. If it is launched later, everyone can also look forward to the market reaction after the blue box, music box, and currency conversion.
6. Why hold this Space?
It is to let everyone choose good projects and high-quality projects. After selecting a good and high-quality project, if you work with your community to build it and bring it up to speed, then your project will be most likely to receive Merlin grants. In the end, these grants will be 100% in your hands, right? It is not in the hands of the project party. So why is it important? That is, you not only have to win by lying down, but you also have to actively build and choose the right horse.
Five high-quality projects of Merlin Chain
(Project 1) influpia (@influpia)
1. Basic introduction: The project is Fair Launch, the gameplay of Socialfi. All Tokens are generated from the game mechanism. The tonality of our products is the same as that of Merlin, both from the user's perspective. The airdrop and white orders will be played next week. For those who participate in Merlin staking, there will be some additional rewards.
2. Core content: One is Socialfi, and the other is erc404. The first phase of the project is to realize the influence of KOL. Through social interaction, there are two behaviors, namely boost and empower, to build their own influence and create a basis for influence. The second stage is to provide exclusive exposure and display through our Influpad platform.
3. Reward mechanism: Rich reward mechanism. First, it stimulates long-term interaction between KOLs and users. Airdrop will be launched next week. We also have a similar trading competition mode. The advantage is that we conduct airdrop on a weekly basis and follow the entire product life cycle. Continue to stimulate the joining and conversion of new users. Second, through Infupad, for example, the brand can provide certain rewards, similar to the Lanuchpad format that the brand focuses on. For example, after completing the corresponding conditions, you can get the corresponding rewards. This is also a long-term cooperation mechanism.
4. Differences from Friendtech: We prefer to provide some longer-term and interesting gameplay, allowing users to find fun on new platforms through new forms of social interaction. For example, boost is like the form of buying and selling friends in previous social games. Empower allows users to add a tag to other users in the form of a burn token.
5. Specific gameplay (asked by the boss disguised as IQ50):
1. Basic gameplay (friend buying and selling mode): Bind to Twitter and calculate the user's basic attributes based on Twitter information. Then users can perform a mutual boost, and the attributes will increase. They can also perform empowerment in the form of gift-giving. power will increase. One of these two is exponential growth, and the other is linear growth. These increases will affect the influence of users (it will affect the output weight of mining and the total attribute value of pvp). In addition, when I boost you, I will become your guardian, and then I can get my income based on your computing power. This is the act of motivating each other to boost.
2. Erc404 empowerment gameplay: Every 10,000 Tokens will become an NFT. NFT can additionally enhance a random power attribute. Compared with the simple empower operation, it will provide additional attribute added value, so that other users will be more willing to use it. Boost you and become your guardian, your attributes will be higher.
3. PVP gameplay: Our originality is that we can split a single attribute into three attributes, one is attack, one is health, and one is speed. Power can also improve your PVP competitiveness. This gameplay will be launched around the end of March. .
4. How do IQ50 people participate in the project with the highest benefits: airdrop next Monday, white orders starting next Wednesday, merlin pledgers will enjoy some additional benefits. On the first day you come in, you can draw airdrop rewards every day, which is the most direct source of income. Then the product will be launched on the next Monday. If you enter first, you have to find a way to get a white order. After you get the white order, you can enjoy the purchased rights first. , it’s the privilege of earning money on your own. For each transaction, you can receive 1% of the BTC income, which is directly sent to the wallet, including the mining token, which is also directly sent to the wallet. If you don’t have a white order, you can go to the platform to find some high-quality KOLs to buy. If others buy KOLs from you, you will have a 5% profit, so the entire early dividend is relatively obvious, and there are also transactions. competition. The summary is to bring the mature web2 gameplay to web3 and open up more room for imagination on the decentralized and transparent blockchain.
(Project 2) bitsmiley(@bitsmiley_labs)
Overcollateralized Stablecoin
1. Reasons for choosing Merlin: Merlin now has reliable and relatively large oracles to support us, comprehensive infrastructure, very active users, and guaranteed liquidity after we go online.
2. The two functions of bitsmiley stable currency: First, on the second layer of BTC, it fills the vacancy of circle (USDC company) and is used as circulating cash for trading cryptocurrency. Second, due to the over-collateralization mechanism, it has the attribute of leverage, that is, the user mortgages BTC, and then mints out stable coins, and then uses these stable coins to participate in transactions to gain profits, and then the user returns the stable coins and gets back the collateral. Improve user capital efficiency. Playing both roles at the same time is a very big competitive point for us. There is not much information about this project due to the speaker meeting, but they have a white paper and related introductions, which you can check on the official website.
(Project 3) Surf Protocol (@surf_protocol)
1. Brief introduction: Focusing on the second layer to provide everyone with a platform for derivatives trading (leverage, contracts, perpetual contracts), focusing on the trading of Bitcoin second-layer derivative assets, the valuation of the derivatives platform is inherently higher (Merlin will be launched next week Deploy the first version)
2. Participation methods:
For transactions, users can place orders and trade on the platform based on their own judgment, with a maximum support of 50 times.
Financial management, being the LP of the platform, jointly running the bank, being the counterparty of all traders, and receiving the traders' fees, analogous to GMX. Especially the principles of good financial management of native assets.
3. Innovative features: The derivatives trading platform on Ethereum is forced to buy a basket of currencies when doing LP. We provide a single currency pledge service (including Bitcoin ecological assets such as BTC ordi). All currencies As a common pool for trader counterparties, the handling fees and losses generated will be shared with these pools, so as an LP, you don't have to worry about the risk of fluctuations in the currency price itself, and you just earn handling fees.
4. The coins that will be launched in the early stage: BTC, ordinarys, sats, and Ethereum are basically the top four coins. New coins will be added later based on the expansion of assets. This process will be very rigorous.
5. Pin insertion risk: It is much better than CEX. It uses a Python oracle to weight major centralized exchanges, which reduces the situation where pin insertion by a certain exchange causes the platform to follow the pin insertion.
6. How do IQ50 people participate in the project to gain the highest benefits: Pay attention to the official recommendation and the launch time. It will be online probably next week. One way to participate is as a trader and the other as an LP. The incentive plan will be launched in April. You can start it as an early adopter. Bird first experience and make suggestions. In summary, the huge pledged assets on Merlin will form very good liquidity. This is a very good opportunity for our platform. Everyone can be a gambler or a shareholder of the exchange. The platform is also open and transparent. on the chain to avoid risks similar to ftx and pins.
(Project 4) BendDAO (@BendDAO)
1. Basic introduction: It is an NFT pledge lending protocol based on the Ethereum layer. In the future, lending protocols will be launched on Merlin, such as Blue Box. You pledge and get BTC or stablecoins.
2. Core content: Solve the liquidity problem of NFT and help holders of blue-chip NFT obtain liquidity without selling assets. Gradually support all assets in the entire BTC ecosystem, as long as they can be mapped to the second layer.
3. How do IQ50 people participate in the project with the highest returns: Since the types of assets pledged in the first batch and the assets loaned out have not yet been determined, there is not much information. Please stay tuned. Generally speaking, it is to pledge blue chip NFTs, lend BTC or stabilize Coin protocol.
(Project 5) Dragonverse Neo (@DragonverseNeo)
The first 3D open world game in the Bitcoin ecosystem, and the first game to launch Merlin chain.
1. Basic gameplay: Dragon Ball is an open world, which can be understood as both a game and the metaverse. We believe that games should be fun, retain people, and cover more user groups. Our game is very playful. Users can not only explore the big world and see the scenery, but also catch Pokémon like Pokémon. They can also join different parallel worlds, each of which has completely different characteristics. Game methods, such as fighting, parkour, chicken fighting, auto chess, etc., try to cover all gaming groups. In addition, we also have a home system like the Phantom Beast Palu. Even if you don’t like playing games, there are ways for you to participate, which are kept secret for now, so please stay tuned. In addition, we have introduced a game engine editor to help creative players build their own content, their own parallel worlds and games. It is worth noting that various inscriptions can be used for creation. For example, if I hold 1cat and rats, I can create a cat and mouse game and open it to other users to play and earn money. The future of gaming circuits and Dragon Ball games is very promising.
2. Token economy: Users can pay attention to the Brc420 asset Dragon Ball, as well as other asset applications. You can wait for the paper to be launched.
3. Game Layer3: In view of the three shortcomings of the Bitcoin game track: insufficient infrastructure performance, relatively basic game projects, and a small player base, we will take the opportunity of MerilinChain to develop a Layer3 specifically for games. First, this chain will provide exclusive computing and storage resources so that large-scale games and multiplayer games, such as Final Fantasy 14, lol, and chicken games, can run smoothly in the Bitcoin ecosystem. Second, we will encourage everyone, as long as they love games, to use our editor engine and one-stop game production and distribution solution to publish games without any technical background. The third is to use our mbox’s existing accumulation, such as users, to open a path for chain games in the BTC ecosystem, bringing powerful applications and user increases.
4. How do IQ50 people participate in the project to gain the highest benefits: Follow Twitter and the light paper will be released soon. You can look forward to it.
5. Regarding the improvement of the game from ETH to BTC and the use of old assets: In the past, it was all about small games and DeFi projects. This time, it is a large-scale game like Yuan Shen and Phantom Beast Parlu. The gameplay is Completely subverts all previous games. The second question is about previous assets. We will not give up any assets, and they will be reflected in our lightpaper. Please pay attention.
Author: @cyy7025219 This article does not constitute any investment advice. The encryption market is a high-risk investment market, and it is possible to lose most or all of your principal, so please be cautious! DYOR