The long-awaited event has finally arrived ! Merlin, the future leading innovative DEX on zkSync, will have its public sale start from Tuesday 25th of April at 15:00:00 GMT+0. Early investors supporting Merlin during the public sale will be eligible for a bonus airdrop of $stMAGE, investors buying at any point after listing will not perceive this airdrop.
I- Security : a Full Audit from Certik
On zkSync, many projects have rushed the launch and public sale, with some situations leading to investors losing funds in the process. However, the Merlin team values security as its utmost priority. Despite the completion of the code and the possibility of a public sale 12 days ago, we have decided to conduct a thorough audit of all our smart contracts before releasing Core Farm Pools and the public sale to ensure the safety of our liquidity providers and investors. Our goal is for our investors to have peace of mind when investing with us.
As of today, 24/04, Certik has released a full audit of all smart contracts that can be found on the following link : https://skynet.certik.com/projects/merlin-dex
II- Partners
One of Merlin’s primary objectives is to establish enduring and sustainable partnerships. We strive to secure the highest quality support and collaboration within the zkSync ecosystem, and we take pride in earning the trust of esteemed protocols such as GMD Protocol, OvernightFi, Metavault Trade, Tarot Finance, ArbiPad, WISP. Some of those protocols have already invested into Merlin ; others will be supporting us during Merlin’s Public Sale.
Furthermore, we have established many more partnerships for our upcoming Cauldron pools, providing supplementary yield for LPs, which we will be unveiling shortly.
III- Liquidity Generation Event — LGE
Public Sale start date: 25th April 2023 — 15:00:00 GMT+0
Public Sale end date : 28th of April 2023 — 15:00:00 GMT+0
MAGE tokens offered : 16.25% of supply (13,000 out of 80,000)
Bonus retroactive airdrop — Early Investor: To reward early investors supporting Merlin through the public sale, a bonus airdrop of $stMAGE will be attributed proportional to the investment size. Investors buying at any point after public sale, such as listing, will not be eligible.
Floor price : 0.025 ETH (~$45 at time of writing this article)
Starting Circ Mkt Cap : ~468 ETH (~$850k)
Starting FDV : 2000 ETH ~ $3.6m — Keep in mind this not the same FDV as standard DEXes, as 87.5% of emissions are in illiquid stMAGE and not inMAGE (in another world Merlin could have $4m FDV with all emissions in MAGE, but that’s not the case. Read our tokenomics article https://merlindex.medium.com/merlin-road-to-becoming-the-leading-dex-by-achieving-long-term-sustainable-emissions-53cff6a17837
Final Price : (Total $ raised) / 13,000
Hardcap : None
Distribution : 60% in MAGE / 40% in stMAGE
The distribution of the public sale proceeds is as follows:
- 40% will be paired for liquidity
- 35% will be reserved to stMAGE dividends treasury
- 25% will be allocated to treasury to support Merlin team
For any additional information on the complete tokenomics and emissions design, please refer to the following article : https://merlindex.medium.com/merlin-road-to-becoming-the-leading-dex-by-achieving-long-term-sustainable-emissions-53cff6a17837
Links:
Website: https://mage.exchange/
Documentation: https://merlindex.gitbook.io/merlin/
Twitter: https://twitter.com/TheMerlinDEX
Telegram: https://t.me/TheMerlinDEX
Discord: https://t.co/C1NcoabQkF
Github: https://github.com/MerlinDEX
