GateLive AMA Recap- VOYA

27 March 11:14

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![](https://gimg2.gateimg.com/image/article/1711509098AMA_Blog.jpg)
## Q1: What does VOYA stand for?
VOYA represents the Grand Voyage on the Merlin Chain. It signifies the rapid growth and heightened attention the <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ecosystem has garnered at the start of this year, thanks to the introduction of BRC-20 assets. To acknowledge and celebrate this growth, we introduced the very first BRC-20 token to the Merlin Chain, positioning it as the premier Bitcoin L2 solution.

## Q2: How has VOYA performed since its fair launch?
Since its fair launch, VOYA has demonstrated impressive market performance, amassing a trading volume of over $6.5 million within the first 24 hours and reaching $30 million over the span of a week. The VOYA achieving a wallet holder count exceeding 520k.

## Q3: Who issued VOYA? Can you tell me more about Merlinswap?
VOYA was issued by MerlinSwap, the largest onchain marketplace on btc layer2 Merlin Chain.

MerlinSwap is the first decentralized exchange on the Merlin Chain, featuring an innovative discrete liquidity Automated Market Maker (DLAMM) model. This model is designed to provide users with a trading experience that closely resembles that of centralized exchanges, boasting up to 3000 times the capital efficiency compared to traditional AMM models. MerlinSwap aims to become the <a href="/price/uniswap-uni" target="_blank" class="blog_inner_link">Uniswap</a> equivalent within the Bitcoin ecosystem.

## Q4: I heard Merlinswap is doing IDO today?
We will be launching the MerlinSwap token IDO at 8 PM Singapore time tonight, with the token ticker being MP. We are allocating 6% of the token shares for public sale, with the IDO valued at 21 million. For this public sale, we have adopted a more transparent, community-driven strategy:

Breaking away from traditional early-stage venture capital investments, MerlinSwap adopts a transparent and community-centric fundraising strategy.

And, we are introducing VOYA as one of the public fundraising assets, along with BTC and MBTC. That’s the good wish from our team to VOYA. A grand voyage.

## Q5: what’s the next step for VOYA and MerlinSwap?
Merlinswap will focus on boosting the whole Merlin ecosystem
-MerlinSwap promises to use 50% of the platform's revenue to buy back ecosystem project tokens, in order to support liquidity. With the surge in ecosystem projects, the strategy is expected to bring more volumes and opportunities of buying back tokens, stimulate better liquidity and form a positive flywheel.

-**Long-term incentive plan**: Airdrops and Trade-to-Earn campaigns are designed to incentivize the development of the Merlin Chain/MerlinSwap ecosystem in the long term.

-**Community powered Airdrop**. 4% has taken the snapshot and will reward to the early traders, Liquidity providers in the merlin chain. And there is 16% token allocation is left for the future airdrop, which will be decided by the community, when who how we distribute.

If we sum all the reserve token that will be used as the ecosystem support token, there would be 80% of total MP token allocations.

MerlinSwap, as the core liquidity hub of the ecosystem, will fully support the development of the Meme community. For example, VOYA has over 600,000 token holding addresses, and huhu currently has 50,000 token holding addresses, representing a significant force. The potential for on-chain transactions far exceeds that of centralized exchanges.

Now is a critical time for traffic, so we will empower huhu and voya as much as possible, including the initial centralized exchange listing for VOYA. The launch of MerlinSwap's IDO and the listing on Merlin Seal were also initiatives we proposed.
Collaboration is needed from various parties, including the ecosystem and, more importantly, the community itself, which needs to be active, narrative-driven, and sustainable.

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

VOYA/USDT -0.16%

Significance of VOYA

VOYA Achievement

Introduction of Merlinswap

MerlinSwap token IDO

Target & Future plan

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