Particle Network has unveiled its latest initiative, the People's Launchpad, and it is already making waves with its first project. Merlin Chain, a sophisticated Bitcoin Layer-2 solution, has been announced as the inaugural project on this new platform. Merlin Chain brings together ZK-Rollups technology, a decentralized oracle network, and on-chain BTC fraud-proof modules to enhance blockchain efficiency and security.
Merlin Chain Launch Details
The launch of Merlin Chain is accompanied by notable figures. With the ticker $MERL, the project has a total prize pool of $1,000 for 21 million $MERL tokens, which represents 1% of the total token supply. Notably, Merlin Chain is entering the market with a $100,000 Fully Diluted Valuation (FDV). Interested parties have a specified window from February 5th to February 10th (12:00 UTC) to accumulate Power for participating in the launch. The subsequent Redemption Period is slated for February 10th to 11th (12:00 UTC).
Binance Welcomes Ronin
In another significant development in the blockchain space, Binance has announced it will list Ronin (RONIN) on its platform. Ronin is an Ethereum Virtual Machine (EVM)-compatible blockchain that caters specifically to the burgeoning Web3 gaming sector. The listing is scheduled for February 5th at 13:30 UTC.
However, it's worth noting that Ronin's price has experienced a dip recently, with a decrease of approximately 19%. This market movement comes amidst its anticipated listing on Binance, one of the leading cryptocurrency exchanges globally.
As the blockchain and cryptocurrency sectors continue to evolve with new platforms and tokens, such as Merlin Chain and Ronin, investors and enthusiasts alike keep a keen eye on these developments for potential opportunities and trends in this dynamic market.