{"id":80606,"date":"2024-06-07T07:00:42","date_gmt":"2024-06-07T11:00:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80606"},"modified":"2024-06-07T07:01:51","modified_gmt":"2024-06-07T11:01:51","slug":"bitcoins-l2-merlin-chain-reveals-merlin-phantom-for-bitmap","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoins-l2-merlin-chain-reveals-merlin-phantom-for-bitmap\/","title":{"rendered":"Bitcoin’s L2 Merlin Chain Reveals Merlin Phantom for Bitmap"},"content":{"rendered":"\n

Merlin Phantom <\/a>for Bitmap is now available, with gas-free transactions, zero\u00a0swap fees, and significant\u00a0rewards for early adopters.<\/p>\n\n\n\n

\"Bitcoin's<\/figure>\n\n\n\n

Merlin Phantom for Bitmap was eagerly anticipated for its release, which will introduce a revolutionary platform that will transform the experience for cryptocurrency users.<\/p>\n\n\n\n

This platform is currently operational and enables users to exchange one bitmap for 10,000 bitmap runes tokens (THE BITMAP TOKEN) or vice versa on UniCrossGlobal.<\/p>\n\n\n\n

Early consumers who utilize AA wallets can benefit from gas-free transactions for approximately one week, which improves the user experience by eliminating one of the most prevalent cost barriers in cryptocurrency transactions.<\/p>\n\n\n\n

In addition, users have the opportunity to accumulate Unicross Points, which serves to further motivate their participation.<\/p>\n\n\n\n

MerlinSwap will soon facilitate the trading of Bitmap Runes Tokens, which will also be free of gas fees. Additionally, there will be substantial incentives, such as the allocation of over 400,000 MERL tokens for Bitmap Token Farming.<\/p>\n\n\n\n

However, this initiative is on the brink of revolutionizing the trading landscape by providing users with a highly appealing alternative by providing zero exchange fees, zero gas fees, and higher UniCross Point rewards.<\/p>\n\n\n\n

Phantom's Contribution to Bitcoin Asset Swaps<\/h2>\n\n\n\n

Phantom is poised to become a trailblazing BTC Asset swap protocol on the Merlin Chain, thereby considerably improving the liquidity and usability of a variety of BTC assets, including RUNES, BRC-20, BRC-420, and Ordinals NFT.<\/p>\n\n\n\n

The objective of this protocol, which was created in conjunction with Merlin Chain<\/a> and UniCross, is to establish a reliable platform for the exchange of these assets, thereby allowing for a greater number of application scenarios and improved liquidity.<\/p>\n\n\n\n

Phantom's inaugural asset, Bitmap, provides users with a simple trade mechanism that guarantees a fixed rate for the exchange of 1 Bitmap for 10,000 THE BITMAP TOKEN, irrespective of market fluctuations.<\/p>\n\n\n\n

Users who engage in swaps benefit from this fixed exchange rate, which guarantees predictability and stability.<\/p>\n\n\n\n

Scalebit, a prominent contract auditing firm, conducted a comprehensive audit of Phantom's contract to guarantee the platform's security and integrity.<\/p>\n\n\n\n

This pre-launch audit demonstrates the team's dedication to establishing trust within the community and protecting the assets of users.<\/p>\n\n\n\n

UniCross Points Reward Event<\/h2>\n\n\n\n

UniCross is conducting a reward event to commemorate the Phantom launch, which provides participants with compelling incentives.<\/p>\n\n\n\n

This event, which extends from June 7th at 5:00 (UTC) to June 14th at 5:00 (UTC), eliminates transaction and gas fees for Phantom exchanges, rendering them exceedingly cost-effective for users.<\/p>\n\n\n\n

UniCross points are available to participants in this event, and holders of $RUFI, $Merl\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and UniCross Genesis may receive additional incentives.<\/p>\n\n\n\n

Moreover, in the future, participants may redeem these points for UniCross tokens, which will provide them with continuous value.<\/p>\n\n\n\n

To promote active participation, the reward structure is tiered: swapping 1\u201310,000 Bitmaps earns 1,000 points per Bitmap, 10,001\u201350,000 Bitmaps earn 600 points per Bitmap, and over 50,000 Bitmaps earn 300 points per Bitmap.<\/p>\n\n\n\n

In contrast, the exchange of THE BITMAP TOKEN for Bitmap results in 300 points per token exchanged.<\/p>\n\n\n\n

Furthermore, holders of $RUFI, $Merl, and UniCross Genesis earn bonus points, which increase their reward potential.<\/p>\n\n\n\n

If multiple assets are possessed, the bonus points are determined by the highest applicable bonus.<\/p>\n\n\n\n

Meanwhile, a snapshot taken at the end of the event will determine how these bonus\u00a0points are distributed.<\/p>\n\n\n\n

Specifically, retaining 10M $RUFI or 200 $Merl delivers a 1% bonus per unit, whereas each UniCross Genesis retained provides a hefty 20% bonus, with a maximum cap of 100% bonus points.<\/p>\n\n\n\n

This structure is intended to incentivize community members who are dedicated and active.<\/p>\n","protected":false},"excerpt":{"rendered":"

Merlin Phantom for Bitmap is now available, with gas-free transactions, zero\u00a0swap fees, and significant\u00a0rewards for early adopters. Merlin Phantom for Bitmap was eagerly anticipated for its release, which will introduce a revolutionary platform that will transform the experience for cryptocurrency users. This platform is currently operational and enables users to exchange one bitmap for 10,000 bitmap […]<\/p>\n","protected":false},"author":56,"featured_media":80617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16406,152,18280],"class_list":["post-80606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-l2","tag-bitcoin","tag-merlin-chain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Bitcoins-L2-Merlin-Chain-Reveals-Merlin-Phantom-for-Bitmap.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80606"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80617"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}