GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: MerlinChain(MERL) and Only GT Subscription Rules Announcement( 30,000 MERL free of charge)

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Announcements GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: MerlinChain(MERL) and Only GT Subscription Rules Announcement( 30,000 MERL free of charge)

GT Holder-Exclusive Airdrop: Gate.io Startup Initial Free Offering: MerlinChain(MERL) and Only GT Subscription Rules Announcement( 30,000 MERL free of charge)

2024-04-17 12:17:13 UTC 13869 Read

MERL/USDT -7.25%

[//]:content-type-MARKDOWN-DONOT-DELETE
This MerlinChain(MERL) will only be available for GT subscriptions. Please be aware that the participation users’ funds will not be deducted at the end of this MerlinChain(MERL) Subscription.

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1419" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

Introduction to MerlinChain(MERL):
Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules.Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 "Blue Box" collection under Bitmap Tech has become one of the hottest assets on Ordinals.
(The information below is provided by the MerlinChain(MERL) team. Please follow MerlinChain(MERL) for more information）

Token Information
Token Name: MerlinChain
Token Symbol: MERL
Max Supply：2,100,000,000
Token Type: Merlin
Smart Contract Address: https://scan.merlinchain.io/token/0x5c46bFF4B38dc1EAE09C5BAc65872a1D8bc87378
Token distribution ratio and unlocking rules: TBA

Website: https://merlinchain.io/
Whitepaper: https://drive.google.com/file/d/1DIAQA-68yPfpkkd8T6YL3iKGmfp1YR97/view?usp=sharing

MerlinChain(MERL) Startup Subscription Rules：
(1) Duration: 13:00 PM April 17th, 2024 - 6:00 AM April 19th, 2024 (UTC) (Orders placed by qualified users within these 41 hours will be treated equally)
(2) Trading Starts Time：10:00 AM April 19th, 2024 (UTC)
The Trading Pair: MERL/USDT
(3) Subscription Token: GT.
(4) Subscription Price: $0 GT
(5) Subscription Total: 8,571GT
(6) Startup Total Supply: 30,000 MERL
(7) Unlock rule: 100% Unlock
(8) Participation Requirement:
1.Users with an average GT holding of no less than 10 GT over the past 14 days are eligible to participate in the GT holder-exclusive airdrop subscription and share token rewards.
2.The more GT you hold on average over the past 14 days, the more subscription shares you receive, and ultimately, the more tokens you get.
Tokens received by participants = (Participant’s subscription shares / Total subscription shares) × Startup total supply.
3.GT tokens contributed by participants have no lock-up period, allowing users to participate in multiple projects simultaneously with no participation limit.
4.The subscription limit for a single project is 3,000 shares per user. If the project’s share is less than 3000, each user’s subscription limit for the project will be limited based on the total shares of the project.
[Click to check My GT Holdings](https://www.gate.io/gt "Click to check My GT Holdings")
(9) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.

Please Note: Multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**How to Participate**
Log in to your Gate.io account → Navigate to the [Startup page ](https://www.gate.io/startup "Startup page ")→ Ensure your average GT holding over the past 14 days is no less than 10 GT → Participate in the subscription.

**Notes:**
1.Participants must complete KYC2 verification.
2.Each 10 GT can be subscribed for 1 share, with a maximum subscription limit of 3,000 shares per user for one project.
3.The maximum subscription share is calculated based on the snapshot of the average GT holding over the last 14 days. GT Holding Calculation including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not included.
4.If the total GT holdings of the participants at the time of token distribution are lower than the total GT holdings at the time of subscription, the user will receive the corresponding token amount based on the actual GT holdings at the time of distribution (still subject to the minimum requirement of 10 GT); otherwise, no adjustments will be made.
5.The final subscription results will be announced before trading begins. You can check your results in “[My Spot Account“](https://www.gate.io/myaccount/myfunds/spot "My Spot Account“") or “[Subscription History](https://www.gate.io/startuplist/history "Subscription History").”
6.The exclusive subscription for GT holders will start soon. Please stay tuned to our [official announcements](https://www.gate.io/articlelist/ann "official announcements") and [social mediafor](https://twitter.com/Gateio_Startup "social mediafor") the latest updates.
7.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
8.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
9.Gate.io reserves all rights to the final explanation.
10.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

**Gate.io Labs Investment Disclosure**
Gate.io Labs did not invest in  MerlinChain(MERL) .

**Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(2) Risk Warning:
-The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don’t invest beyond your financial capacity.
-The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.
(3) Requirements for participants
-The participant should register on Gate.io and Log in;
-After logging in, complete user identity verification;
-Deposit a certain amount of cryptocurrencies in your gate.io account;
-Sign the Purchase Agreement on Startup before placing orders.

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Gate.io Team
April 17th, 2024

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