<img decoding="async" width="1400" height="788" src="https://coingape.com/wp-content/uploads/2024/04/merl.webp" class="attachment-full size-full wp-post-image" alt="" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/merl.webp 1400w, https://coingape.com/wp-content/uploads/2024/04/merl-300x169.webp 300w, https://coingape.com/wp-content/uploads/2024/04/merl-1224x689.webp 1224w, https://coingape.com/wp-content/uploads/2024/04/merl-768x432.webp 768w, https://coingape.com/wp-content/uploads/2024/04/merl-678x381.webp 678w, https://coingape.com/wp-content/uploads/2024/04/merl-150x84.webp 150w" sizes="(max-width: 1400px) 100vw, 1400px">
Introducing Merlin Phantom for Bitmap, an exciting platform that is set to revolutionize the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> swapping experience. This innovative platform is now live, enabling users to effortlessly exchange 1 Bitmap for 10,000 Bitmap Runes Tokens (THE BITMAP TOKEN) or vice versa, all on UniCrossGlobal. 
For early adopters utilizing AA wallets, there’s an exclusive perk: gas-free transactions for approximately one week. This feature enhances the user experience by removing one of the common cost barriers associated with crypto transactions. Additionally, users can capitalize on the opportunity to accumulate Unicross Points, providing further motivation for active participation. 
Exciting developments are on the horizon as trading of Bitmap Runes Tokens on MerlinSwap will soon commence, also without gas fees. Furthermore, users can anticipate a host of enticing incentives, including the allocation of over 400,000 MERL tokens for Bitmap Token Farming. This initiative is positioned to redefine the trading landscape by offering zero swap fees, zero gas fees, and increased UniCross Point rewards, making it an incredibly appealing option for cryptocurrency enthusiasts. 
<h2 id="phantom-s-role-in-btc-asset-swaps">Phantom’s Role in BTC Asset Swaps</h2> 
Phantom is set to become a pioneering <a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener">BTC</a> Asset swap protocol on the Merlin Chain, significantly enhancing the liquidity and usability of various BTC assets such as RUNES, BRC-20, BRC-420, and Ordinals NFT. This protocol, developed through a collaboration between UniCross and Merlin Chain, aims to provide a robust platform for the exchange of these assets, ensuring more application scenarios and better liquidity. 
Bitmap, the first asset to launch on Phantom, offers users a straightforward swap mechanism where 1 Bitmap can be exchanged for 10,000 THE BITMAP <a href="https://coingape.com/glossary/token/" target="_blank" rel="noopener">TOKEN</a> at a fixed rate, regardless of market fluctuations. This fixed exchange rate provides stability and predictability for users engaging in swaps. 
To ensure the security and integrity of the platform, Phantom’s contract underwent a rigorous audit by Scalebit, a leading contract auditing firm. This pre-launch audit shows the commitment to safeguarding users’ assets and building trust within the community. 
Also Read: <a href="https://coingape.com/vaneck-advisor-slams-tradfi-over-gamestop-saga-hails-bitcoin/" target="_blank" rel="noopener">VanEck Advisor Slams TradFi Over GameStop Saga, Hails Bitcoin</a> 
<h2 id="unicross-points-reward-event">UniCross Points Reward Event</h2> 
To celebrate the launch of Phantom, UniCross is hosting a reward event that offers compelling incentives to participants. Running from June 7th, 5:00 (UTC) to June 14th, 5:00 (UTC), this event eliminates transaction and <a href="https://coingape.com/glossary/gas-fees/" target="_blank" rel="noopener">gas fees</a> for trades conducted on Phantom, making it highly cost-effective for users. Participants in this event can earn UniCross points, with additional bonuses available for holders of $RUFI, $Merl, and UniCross Genesis. 
These points can be redeemed for UniCross tokens in the future, providing ongoing value to participants. The reward structure is tiered to encourage active participation: swapping 1–10,000 Bitmaps earns 1,000 points per Bitmap, 10,001–50,000 Bitmaps earn 600 points per Bitmap, and over 50,000 Bitmaps earn 300 points per Bitmap. Conversely, swapping THE BITMAP TOKEN for Bitmap earns 300 points per token swapped. 
Furthermore, holders of $RUFI, $Merl, and UniCross Genesis receive bonus points, enhancing their reward potential. The bonus points are calculated based on the highest applicable bonus if multiple assets are held. A snapshot taken at the end of the event will determine the distribution of these bonus points. 
Specifically, holding 10M $RUFI or 200 <a rel="nofollow" href="https://coinmarketcap.com/currencies/merlin-chain/" target="_blank">$Merl</a> grants a 1% bonus per unit, while each UniCross Genesis held provides a substantial 20% bonus, with a maximum cap of 100% bonus points. This structure is designed to reward loyal and engaged community members. 
Also Read: <a href="https://coingape.com/mew-price-soars-18-amid-major-listing-announcement/" target="_blank" rel="noopener">MEW Price Soars 18% Amid Major Listing Announcement</a> 
The post <a href="https://coingape.com/bitcoins-l2-merlin-chain-unveil-merlin-phantom-for-bitmap-theres-a-catch/">Bitcoin’s L2 Merlin Chain Unveil Merlin Phantom For Bitmap, There’s A Catch</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin’s L2 Merlin Chain Unveil Merlin Phantom For Bitmap, There’s A Catch

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