Bitcoin’s L2 Merlin Chain Unveil Merlin Phantom For Bitmap, There’s A Catch

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As a researcher with a background in blockchain technology and cryptocurrency exchange platforms, I am excited about the recent launch of Merlin Phantom for Bitmap on UniCrossGlobal. This innovative platform offers a groundbreaking swapping experience for users, allowing them to exchange 1 Bitmap for 10,000 Bitmap Runes Tokens or vice versa with no gas fees for approximately one week.

Merlin Phantom’s launch for Bitmap marks the debut of a groundbreaking platform, transforming the way cryptocurrency users swap coins on UniCrossGlobal. This new system enables exchanging 1 Bitmap for 10,000 Bitmap Runes Tokens (BITMAP TOKEN) or vice versa with no gas fees – an advantage enjoyed by early adopters utilizing AA wallets for approximately a week. By eliminating transaction costs, this enhancement significantly improves the user experience.

Beyond this, users can earn Unicross Points as an extra motivation to engage. Soon, MerlinSwap will allow Bitmap Runes Token trades with no gas fees, and generous incentives such as over 400,000 MERL tokens dedicated to Bitmap Farming. This innovative move aims to revolutionize trading experiences by providing zero swap fees, zero gas fees, and increased Unicross Point rewards – an enticing proposition for users.

Phantom’s Role in BTC Asset Swaps

The Merlin Chain is about to be home to Phantom, a trailblazing Bitcoin Asset swap platform. This innovation will notably boost the market fluidity and practicality of several Bitcoin assets like RUNES, BRC-20, BRC-420, and Ordinals NFTs. Developed through a partnership between UniCross and Merlin Chain, this platform is designed to deliver a solid infrastructure for swapping these assets, thereby expanding their use cases and improving overall liquidity.

As a researcher studying the innovative decentralized finance (DeFi) platform, Phantom, I’m excited to share that Bitmap, its first asset, provides a user-friendly swap feature. In simple terms, one Bitmap is equivalent to 10,000 THE BITMAP TOKENS at a consistent exchange rate – unaffected by market volatility. This stable exchange rate offers peace of mind and predictability for users participating in swaps. To bolster security and trust within the community, Phantom underwent a thorough pre-launch contract audit by Scalebit, a reputable contract auditing firm. This comprehensive examination is a testament to their unwavering commitment to safeguarding users’ assets and fostering a robust and reliable ecosystem.

UniCross Points Reward Event

UniCross is thrilled to announce the commencement of Phantom’s launch celebration, featuring an enticing rewards program. This event, open from June 7th, 5:00 (UTC) till June 14th, 5:00 (UTC), presents significant advantages to participants. During this period, all transactions and gas fees are waived for trades executed on Phantom, ensuring a budget-friendly experience. Participants stand to earn UniCross points, with extra incentives for $RUFI, $Merl, and UniCross Genesis holders.

As a crypto investor, I can tell you that the UniCross platform offers me the opportunity to accumulate points that can be redeemed for UniCross tokens down the line. These points add value to my engagement with the platform. The reward system is designed to motivate consistent participation: exchanging 1-10,000 Bitmaps grants me 1,000 points per Bitmap, while swapping 10,001-50,000 Bitmaps results in 600 points per Bitmap. Those exchanging over 50,000 Bitmaps receive 300 points per Bitmap swapped. On the other hand, converting THE BITMAP TOKEN into Bitmaps yields me 300 points for every token swapped.

Individuals who own $RUFI, $Merl, and UniCross Genesis tokens are entitled to extra reward points, increasing their potential earnings. These bonus points are determined by the highest applicable reward, if an individual holds multiple assets. The distribution of these bonus points is determined by taking a snapshot at the end of the event. Specifically, holding 10 million units of $RUFI or 200 units of $Merl grants a 1% bonus per unit, while each UniCross Genesis token held awards a significant 20% bonus, with a maximum cap of 100% bonus points. This incentive structure aims to recognize and reward dedicated and active community members.

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2024-06-07 12:02