Merlin Chain, a frontrunner within the Bitcoin Layer 2 (BTC L2) ecosystem, is proud to announce the launch of Merlin's Journey, an ecosystem grant program designed to assist and empower builders contributing to the adoption and development of Merlin Chain. With a complete of $210 million in MERL tokens allotted to this system, Merlin Chain goals to develop user-centric, revolutionary Bitcoin-native purposes, thereby accelerating the expansion of the BTC L2 ecosystem.
Merlin Chain has achieved important milestones over the previous 12 months and boasts the biggest whole locked worth (TVL), most builders and strongest neighborhood of any BTC L2 venture. To additional invigorate the ecosystem, Merlin's Journey welcomes revolutionary and passionate builders from world wide to use for grants in 5 key classes: Person Expertise Pioneers, BTC Native Asset Innovators, Merlin Visibility Trailblazers, Ecosystem Engagement Leaders and Bitcoin Innovation Pathfinders.
Merlin's Journey provides a complete assist bundle for chosen initiatives, together with:
- Funding: Every venture will obtain as much as $1,000,000 in MERL for every milestone achieved, for a complete of $210,000,000 allotted to this system.
- Networking: Investor relations, ecosystem partnerships, developer networks, media assets, influencers and entry to native communities.
- Technical Help: 24/7 technical assist, infrastructure and instruments, safety audits, workshops.
- Advertising and marketing assist: AMAs, on-line and offline occasions, ecosystem campaigns.
- Technique and product recommendation: Common critiques on product milestones, development methods, enterprise mentoring and market insights.
The applying course of for Merlin's Journey is at the moment open and can proceed. initiatives might want to submit a pitch deck together with their proposal, product progress and roadmap, staff background, and different necessary particulars. The Merlin Chain Ecosystem staff will assessment the purposes and choose initiatives for interviews. The interview will embrace a 30-minute on-line pitch and product demo, adopted by a Q&A session.
Along with the Merlin Chain ecosystem staff's analysis, the Merlin neighborhood additionally performs a key position within the decision-making course of. All grant purposes will probably be shared on a public platform to solicit constructive suggestions from different initiatives and companions. Sooner or later, a voting mechanism may even be launched, permitting the neighborhood to vote for his or her favourite initiatives utilizing $MERL tokens.
Chosen initiatives will probably be introduced on a rolling foundation, adopted by a PR schedule together with social media promotion, highlight articles, AMAs, and so on. The Merlin staff will distribute $MERL grants in levels primarily based on achieved milestones to proceed supporting the event and development of ecosystem initiatives.
Commenting on the event, a consultant from Merlin Chain mentioned, “We imagine that the Bitcoin ecosystem has big potential to foster limitless revolutionary purposes for BTC holders,” and “By launching Merlin's Journey, we goal to assist and collaborate with passionate builders and enthusiastic people who share our imaginative and prescient of constructing Bitcoin enjoyable once more.”
For extra details about Merlin's Journey and to use for the grant program, please go to the Merlin's notion web page.
About Merlin Chain
Merlin Chain is a local Bitcoin Layer2 that guarantees to energy Bitcoin's native property, protocols and merchandise on Layer1 by means of a Layer2 community. Merlin Chain integrates a ZK-Rollup community, a decentralized oracle community and an on-chain BTC fraud prevention module. With over 3.5B TVL locked inside 30 days of mainnet launch, Merlin Chain is backed by Bitmap Tech, a number one OG staff with a complete market cap of over $500M.
Web site | twitter | Discord | Grant Functions | Merlin's Journey Concepts
Disclaimer: The data introduced on this article is a part of sponsored/press launch/paid content material and is for promotional functions solely. Readers are suggested to train warning and conduct their very own analysis earlier than taking any motion associated to the content material or firm on this web page. Coin Version will not be accountable for any loss or injury incurred because of or in reference to the usage of the content material, services or products talked about.
