A total of 20% of esMP tokens will be distributed to the community, including an initial 4% esMP airdrop, followed by the remaining 16% being Community-driven Future Airdrops after TGE. Our vision is for MerlinSwap to become the #1 Decentralized Exchange in the Bitcoin ecosystem, and we kindly thank our early loyalty supporters by retroactively rewarding them with the esMP token.

The total 840M (4%) esMP will be divided into two parts:

• 3% esMP will be allocated to the MerlinSwap ecosystem. The development of MerlinSwap is inextricably linked to its loyal user base.

• 1% esMP will be allocated to the DEX-as-a-Service provider - iZUMi, and they decide to contribute to iZUMi community. With the strong support from the iZUMi, MerlinSwap can efficiently implement its products and allow Merlin users to experience Merlin Chain potentials.

The remaining 16% of the token will be determined through community proposals and voting. This approach empowers MerlinSwap’s community, to directly influence how rewards are distributed, ensuring that our actions are always aligned with community’s expectations and interests.

The Airdrop could be started at 14:00, March 27th UTC+8.

*The esMP tokens can be credited back to your wallet immediately, and could be linearly converted into MP tokens in a 30-day period at a 1:1 redeem ratio on MerlinSwap official website.

Following are the detailed distribution rules:

3% For MerlinSwap Ecosystem

Early Trader on MerlinSwap:

2.4% (504M) esMP tokens will be allocated to MerlinSwap early traders that have interacted with the "Swap" function before March 18th, 00:00 UTC+8. These addresses have sold BTC, iUSD to buy MerlinSwap's white-listed tokens will be defined as eligible for the airdrop.

Snapshot time: March 18th, 00:00, 2024 (UTC+8)

*We only calculate the trading volume made within white-listed token pairs. The trading volume involving non-white-listed tokens will not be included.

White-listed tokens: [WBTC, VOYA, HUHU, iUSD, MerlinBox, Owl, Sailor, ELXR, JEFF, MerlinLand, RAT404, BIUU, DRAGON, Wizard, MerlinPad, MERLIN, ART, SPELL, MRC404, BALL]

Airdrop rules:

To thank MerlinSwap’s early-supporting traders, 2% (420M) esMP tokens will be evenly distributed among all eligible addresses that have purchased ecosystem assets on MerlinSwap, with no minimum trading volume required.

At the same time, we will also provide extra rewards to traders with higher trading volumes, in appreciation for bringing more trading activity to MerlinSwap.

Trading volume less than 0.01 BTC ---------- 2,300 esMP

Trading volume between 0.01 BTC and 0.1 BTC (excluded) ---------- 3,500 esMP

Trading volume between 0.1 BTC and 1 BTC (excluded) ---------- 16,300 esMP

Trading volume exceeds 1 BTC ---------- 152,300 esMP

Covering Gas Fees for Airdrop: Understanding the concerns about potential gas fees for claiming the airdrop,

MerlinSwap decided to bear the gas costs for all the hundreds of thousands addresses identified in the snapshot. MerlinSwap will directly airdrop the rewards esMP tokens to eligible addresses, starting from the TGE.

Liquidity Provider on MerlinSwap

0.4% (84M) of esMP tokens will be distributed to MerlinSwap Liquidity providers who add liquidity to the selected pools. The selected pools consist of tokens with WBTC, VOYA, HUHU, iUSD, and M-BTC and no fee tier limitation. The airdrop depends on the LP position value.

Snapshot time: Random block height on March 24nd (UTC+8).

*To avoid many users adding/withdrawing liquidity within the same time slot.

Airdrop rules:

• LP position value between 0.01 BTC and 0.1 BTC (exclude) will equally share a total of 28M esMP.

• LP position value between 0.1 BTC and 1 BTC (exclude) will equally share a total of 28M esMP.

• LP position value exceeds 1 BTC will equally share a total of 28M esMP.

Also, MerlinSwap will directly airdrop the rewards esMP tokens to eligible addresses, starting from the TGE.

MerlinStarter

0.2% of the tokens will be allocated to MerlinStarter as the launch partner to boost the MP IDO. More details will be announced soon on MerlinStarter’s social platform.

Here are the MerlinStarter airdrop distribution details:

1% for iZUMi Finance

MerlinSwap will distribute 210M esMP tokens to iZUMi as a token of appreciation to the iZUMi Finance team for providing our technology support! Click here to learn more about DEX-as-a-Service.

Snapshot time: Random block height on March 22nd, 2024 (UTC+8)

Airdrop Distribution:

• 50% allocated to veiZi holders.

• 50% allocated to iZi holders.

Please note that veiZi only lives on Ethereum. iZi tokens on multi-chains will be counted , but EXCEPT in CEX and in on-chain LPs.

(iZi is deployed on Ethereum, BNB Chain, Arbitrum, zkSync Era, Mantle, Linea, Scroll, Manta Pacific, Base, Zeta Chain, and Kroma.)

Airdrop rules:

The amount of esMP that a user could receive will depend on the proportion of their veiZi/iZi holdings to the total veiZi/iZi. Addresses with veiZi/iZi holdings less than 1/30,000 of the total veiZi/iZi will not qualify for the airdrop.

The Airdrop rewards could be claimed on MerlinSwap official website at 14:00, March 28th UTC+8, and it will be unclaimable in 30 days at 14:00, April 26th. Please remember to claim rewards on time!