As the market sees a swift rise in crypto startups, with new projects coming out almost every other day, a question arises: where do they get funding from? Now, there are some popular names like Gate.io that serve as launchpads for these projects, but the limitation is that they're not very project-centric.
This is where Merlin Starter (MSTAR) comes into play, an innovative crypto fundraising project on the Merlin Chain explicitly designed for Bitcoin Layer 2 projects. Let's dig in to find out if it's really the future of crypto fundraising or just another crypto launchpad.
A Brief Background and Overview
Merlin Starter came into the limelight at the start of Q2 of 2024, and its native coin, MSTAR, got listed on CoinEx on April 17. The coin holds a circulating market cap of over $4.81M at a low price tag of $0.05347 at the press time.
As an IDO launchpad on Merlin Chain, the project arrived as a pioneering platform to secure early-stage funding and investment for promising crypto startups. The platform mainly targets L2 projects native to the Bitcoin ecosystem.
Merlin Chain in itself is a blockchain network and Bitcoin Layer 2 subsidiary of Bitmap Tech, an OG team with a market cap of over $500M as per the Merlin Starter website. The mission of the chain is to empower Bitcoin-native protocols and assets in the market, ultimately adding value to the overall BTC ecosystem.
Now, the reason why Merlin Starter is more than just a funding platform is that it also claims to serve as a consultancy hub for young startups that will guide them through their early stages of development. Its support spans:
- technical assistance in development
- marketing strategies to catch the hype
- human resources to hunt and manage the best talent in the crypto space
- tokenomics consultancy to become the next big thing in the market
The Price of MSTAR Rise on CoinEx
As the native coin of the Merlin Starter ecosystem, MSTAR comes with a total supply of 1 billion coins, with 8.9% (89 million) in circulation at the press time. The current price chart shows that the coin is trying to consolidate between $0.055 and $0.075.
The all-time high of MSTAR stands at $0.1056. CoinEx recorded this ATH on April 17, 2024, after the coin was listed. The coin currently stands at almost half the price due to early investors' profit-booking and overall market correction before halving. To set itself on a bullish trend, MSTAR has to break its current ATH.
If the market starts lighting the green candles after the halving, then MSTAR might also ride the bull-run to set a new ATH, but only time can verify that. If you're interested in trading MSTAR, the best place to get outstanding volatility and prices is CoinEx.
Overview:
- Name: MSTAR
- Official link: https://merlinstarter.com/
- White paper link: https://docs.merlinstarter.com/
- Explorer: https://scan.merlinchain.io/address
- Total supply: 1 Billion
- Contract address: 0x09401c470a76Ec07512EEDDEF5477BE74bac2338
- Twitter: https://twitter.com/Merlin_Starter
- Telegram: https://t.me/MerlinStarterofficial
- Supported CEX: CoinEx, Bybit, Gate.io
- Convenient for users to know in time: https://www.coinex.com/en/info/MSTAR
*Disclaimer: Please note that this article does not constitute any investment advice. The information provided on this website is intended for informational purposes only. CoinEx assumes no liability for any financial losses resulting from cryptocurrency trading. It is advised that you conduct your research.
Hot