When Merlin was on OK, the leeks were shocked to realize how outrageous its ability to plan and organize was.

The blue box is just the first brc-420 asset, issued on September 14, 23, with a total of 10,000 units, mint price 0.1u + fee up to 2U, all the way up to 50,000u

We know that the core problem of dog dealers hyping up asset prices is exit, so dog dealers have tried every possible means to exit.

The most common way is to borrow from the traditional market and mortgage your own assets such as artworks, real estate or stocks into cash. CRV Dog Farm

The borrowed coins were all mortgaged and exchanged for 9 luxury houses in Victoria, leaving Feicai with nothing to do and a tense and exciting liquidation crisis.

It is the most difficult to exit NFT with such a high average order value. The leeks are naturally resistant to taking over. After all, it seems too anti-intellectual, and most people with an IQ of 100 will be very resistant.

So the monkeys withdrew from the staking and mining, leaving the whole place in a mess, while the penguins did a lot of airdrops, making the farmers Q envious.

Why can Blue Box convince everyone without any hype?

Because the main force has thought out the exit path from the beginning, they can take all the assets they have created and accept all the goods on the market.

- Until the chips are highly concentrated, the pricing power is completely mastered, and the market making cost will not be too high at this time

Paper hands are not cheap, and cheap diamond hands are not sold very often.

Successfully made this outrageous price very hard, so hard that it became a fair price.

When Merlin is launched, 20% of the tokens will be given. If it is less, the BRC 420 assets cannot be realized smoothly. If it is more, it will easily attract too much TVL and it will be difficult to operate (in fact, it is already very large now. I don’t know if the main force has anticipated this before the opening).

Using BTC as collateral gives everyone the opportunity to participate and also sets a fair value for Merl. After all, if you lock up 1 BTC in it, you only get 10,000 points per day.

Increasing the pledge of BRC 420 also provides liquidity for asset exit.

Blue Box does not need to be sold to retail investors. Even if you want to sell it, you can't. No one will buy tens of thousands of U pictures. Retail investors have low purchasing power.

There is an imbalance between supply and demand. When the market falls, retail investors want to run away more than you. Who will take over?

Just look at the monkeys to see how terrible the liquidity depletion is.

And merl is OK, and exiting liquidity is much easier than dumping blue boxes with a unit price of tens of thousands of U.

Many people see that the crystal scepters and the like that they bought now have all returned to zero. In fact, it is the same logic. The mission of these assets is to be exchanged for Merlin points. Now that the mission is completed and the chips are not so concentrated, why bother making a market?

Many people are fud that the assets on Merlin are very mixed, but this actually misses the point.

There are quite a few BTC on the chain, and the asset proportion of BRC 420 is not high. The real core is the BTC you bought with real money.

The cost of acquiring merl is much higher than when someone else issues a new asset.