Bitcoin halving event and its potential impact on the market
Since Bitcoin was created in 2009, it has undergone three halving events, each of which has attracted widespread attention and discussion in the cryptocurrency market. Halving is an automatic adjustment mechanism in the Bitcoin protocol that is designed to control the rate at which new Bitcoins are generated and the total supply.
First Halving (November 2012): Bitcoin’s first halving reduced the reward per block from 50 BTC to 25 BTC. This change occurred in the early days of Bitcoin before it gained widespread attention.
Second Halving (July 2016): When the block reward is further reduced to 12.5 BTC, Bitcoin has begun to gain more mainstream recognition. A combination of factors related to supply and demand dynamics caused the Bitcoin price to rise significantly after this halving. Although direct evidence is not enough to prove that halving directly promotes price changes, the market's expectations for the "halving effect" continue to deepen.
Third halving (May 2020): The latest halving reduced the reward to 6.25 BTC and took place during a global pandemic and economic turmoil, which made the market environment more complicated. Despite the uncertainty, Bitcoin's price trend still showed strong upward momentum.
Now, as the fourth halving approaches, historical data has once again become a key basis for analysts and investors to speculate on future market trends. Bitcoin has experienced significant price gains after the first two halvings, and while history is not always a predictor of the future, it provides us with valuable insight into Bitcoin’s underlying market behavior.
Halving: A turning point in the Bitcoin economy
In Bitcoin's economic model, the "halving" event occupies a crucial position, and its influence far exceeds a simple technical adjustment. This event occurs every four years and marks a significant change in the Bitcoin inflation rate, a halving of the rate at which new Bitcoins are issued.
Economic impact of the halving
The halving means that Bitcoin's block reward - the number of Bitcoins miners receive for validating transactions and maintaining network security - will be reduced by 50%. This mechanism reduces the supply of new Bitcoins, thereby increasing their scarcity. For example, after the next halving, the daily issuance of Bitcoin will drop from 900 to 450, and the annual issuance rate will drop from 1.8% to 0.9%. This move will not only affect the revenue model of miners, but may also have a significant impact on the overall market value of Bitcoin.
Halving and Network Security
The reduction in block rewards is directly related to the incentive mechanism of miners, as the reduction in rewards may affect their motivation to continue to maintain the network. However, Bitcoin is designed with this in mind, and the halving event ensures that Bitcoin not only maintains its value in the long term, but also maintains the high security of the network.
Halving immutability
This core feature of the Bitcoin network is immutable, and its rules are hard-coded in the network's underlying protocol, ensuring that halving occurs every 210,000 blocks. This predetermined, periodic economic policy distinguishes Bitcoin from traditional monetary systems that are influenced by central policies, providing a highly predictable and transparent currency issuance model.
Therefore, the halving is not only a necessary technical adjustment, but also a cornerstone of Bitcoin economics, and it is crucial for long-term cryptocurrency investors to understand and predict its impact.
Since its debut in 2009, the Bitcoin network has experienced three key halving events, each of which significantly reduced miners' block rewards. During the first halving in November 2012, the reward was reduced from the initial 50 BTC to 25 BTC.
Four years after this change, in July 2016, Bitcoin underwent its second halving, further halving the block reward to 12.5 BTC. The most recent halving occurred in May 2020, halving the reward again to 6.25 BTC.
The next halving event is expected to occur on April 20, 2024 (block height 840,000), when the block reward will be further reduced to 3.125 BTC. These periodic halving events are a core part of the Bitcoin protocol design, intended to increase scarcity by reducing supply, thereby potentially enhancing the value of Bitcoin.
The Future Impact of Bitcoin Halving and the Rise of MerlinChain
As Bitcoin continues along its predetermined path, the number of coins that have been mined approaches 19.7 million of the 21 million capped total supply. Therefore, each new halving event has a gradually decreasing impact on the total supply of Bitcoin. As Bitcoin approaches its issuance cap, the impact of future halving events is expected to gradually diminish, potentially changing its importance to the market.
MerlinChain: A leading company in the Bitcoin ecosystem
MerlinChain is currently one of the most watched platforms among Bitcoin's second-layer solutions. As an important part of the BTC ecosystem, MerlinChain's total locked value (TVL) has exceeded $3.6 billion. With the upcoming halving event, the release of its governance token $MERL is even more eye-catching and is expected to become the focus of the market.
MerlinStarter: Accelerating the development of the Bitcoin ecosystem
MerlinStarter is the first and most core IDO platform in the MerlinChain ecosystem, acting as an accelerator for the Merlin ecosystem. The platform is committed to promoting the liquidity of MerlinChain native assets and promoting the further development of the Bitcoin ecosystem. Through MerlinStarter, investors can directly participate in the most cutting-edge blockchain innovations and thus gain a place in the Bitcoin ecosystem.
These developments mark the intersection of technological innovation and market progress within the cryptocurrency space, bringing new growth and opportunities to investors and participants. As the Bitcoin ecosystem expands, MerlinChain and its related projects are expected to have a greater influence in the global crypto market.
MerlinStarter announces new token economic model
MerlinStarter, a leading blockchain initial coin offering (IDO) platform, recently announced its token economic model, revealing its upcoming token distribution plan. In the upcoming public sale, MerlinStarter will offer 50 million tokens, which will account for 5% of its total supply of 1 billion tokens.
Pricing and Market Value Expectations
Based on the current offering exchange rate, the price of each MSTAR is set at approximately $0.04. Based on this pricing, the total market value of MSTAR is expected to reach $40 million, highlighting the strong market demand and potential for this token.
Token Distribution and Liquidity
MerlinStarter's token economic model also shows that up to 36% of the total tokens will be used to support the development and decentralization of the platform. Coupled with the fact that there is usually a long lock-up period in the private placement stage, this means that the actual circulation of $MSTAR will be much less than the total supply. Therefore, it is expected that the selling pressure in the market will be relatively low in the future, providing a good foundation for the long-term value stability of $MSTAR.
This new token economic model not only provides investors with a clear investment outlook, but also paves the way for MerlinStarter's long-term development. With this strategic token management and financial layout, MerlinStarter is expected to occupy an important position in the cryptocurrency field.
OKX will soon launch Merlin Chain (MERL)
OKX Exchange announced that it will soon launch a new cryptocurrency, Merlin Chain (MERL). This platform is a second-layer solution based on Bitcoin, supports EVM compatibility, and aims to expand the application scope of Bitcoin native assets. $MERL will serve as the native governance token of the chain, providing users with the opportunity to participate in platform governance.
The launch details are as follows:
MERL deposit time: scheduled to start on the afternoon of April 17, users can start to recharge MERL tokens to their OKX accounts.
MERL/USDT trading pair opening time: Trading will open in the afternoon of April 19, when users can trade between MERL and USDT on the OKX exchange.
MERL Withdrawal Time: Starting from the afternoon of April 20, users will be able to withdraw MERL tokens from their OKX accounts.
This launch marks the further expansion of Merlin Chain in the global crypto market and also adds an important technological innovation to the Bitcoin ecosystem. With the introduction of MERL and the expansion of Merlin Chain’s functions, it is expected to provide more opportunities and convenience for Bitcoin users and developers.
MerlinStarter's token economic strategy and its profound impact on the market
MerlinStarter adopts a carefully designed token economic model that aims to achieve the long-term healthy development of its ecosystem by precisely controlling the circulation and distribution of $MSTAR tokens.
Token distribution strategy:
Early Supporter Incentives:
During the Initial Token Generation Event (TGE), 10% of $MSTAR tokens will be distributed to early backers of MerlinStarter, with only 5% being released initially to reduce initial selling pressure on the market.
Community Engagement and Incentives:
In order to encourage community members to actively participate in the construction of the platform, 36% of the tokens are set as community incentives and rewarded to community users through various activities and contributions.
Marketing and ecological expansion:
To expand its market influence, 2% of tokens will be dedicated to marketing activities to increase user engagement and brand awareness.
Liquidity support:
In view of potential liquidity challenges, MerlinStarter has reserved 10% of tokens to enhance asset liquidity within the ecosystem and ensure smooth transactions.
Benefits for MSTAR token holders:
Exclusive IDO pool: MSTAR holders will have the opportunity to participate in the exclusive IDO pool and enjoy the opportunity to invest in new projects.
Staking Rewards: Users can receive various forms of rewards by staking $MSTAR.
Airdrop activities: Holders will also have priority to participate in various airdrop activities held by the platform.
Ecological development and market strategy:
MerlinStarter is not just a project launch platform, it also helps Merlin Chain gain an advantage in the competition in the field of Bitcoin second-layer solutions. By selecting and launching projects, MerlinStarter not only integrates and standardizes projects within the ecosystem, but also provides necessary guidance and follow-up services, enhancing the intrinsic value and market performance of the projects.
MerlinStarter's series of strategies not only consolidates its position in the cryptocurrency ecosystem, but also promotes the prosperity and development of the entire Bitcoin ecosystem, ultimately transforming the project's potential value into concrete market results.
MerlinStarter: Accelerating the development of the Bitcoin ecosystem
Extensive cooperation network
MerlinStarter has established a strong cooperative network, and has established cooperative relationships with more than 100 Bitcoin projects, more than 300 key opinion leaders (KOLs), and numerous media and communities. Its Twitter account has more than 100,000 followers, and the exposure of a single tweet can reach more than one million, showing its wide influence in the encryption field and highly active community participation.
MERL's core selling point
Merlin Chain’s MERL token shows its unique advantages in many aspects. While maintaining the original security of the Bitcoin network, it can also significantly reduce network fees and increase transaction speed, greatly optimizing the user experience. In addition, Merlin Chain has proven its potential in wealth creation by successfully promoting high-market capitalization projects such as Bitmap, BRC420 Blue Box, etc. It also lowers the threshold for ordinary users to access and explore the Bitcoin network, providing more opportunities for retail investors, making the Merlin Chain ecosystem increasingly prosperous.
Achieving significant financing success
In its first IDO, MerlinStarter reached its funding target in one minute, with a total amount of an astonishing $230 million, more than 20,000 addresses participating, and an oversubscription rate of 185 times. This achievement not only demonstrates the strong appeal of MerlinStarter, but also heralds its leadership in the crypto market.
Powering the Bitcoin Ecosystem
As a startup platform and accelerator, MerlinStarter is committed to optimizing asset circulation and strengthening Merlin Chain's position as the leading BTC ecosystem. Through airdrops and community-first strategies, as well as close cooperation with Bitcoin Layer 2 solutions, MerlinStarter is building a bridge for the overall development of the Bitcoin ecosystem, activating not only the MerlinChain ecosystem, but the entire Bitcoin ecosystem and assets.
In short, MerlinStarter’s strategy and achievements have fully demonstrated its importance and effectiveness in promoting the Bitcoin ecosystem, and herald its future development potential in the global crypto market.
