Obtain M-BTC on Merlin Chain: A Step-by-Step Tutorial

MOBOX
5 min readMar 25, 2024

Dear MOBOXers,

According to the Dragonverse Neo Litepaper, $MDBL will serve as the native token and your passport to enriching activities within our universe, including Liquidity Yield, Game Rewards, Creator Incentives and the Node Operation of our innovative Gaming L3.

$MDBL will be 100% distributed to our valued community, with 69% via Fair Launch and 31% via Ecosystem Rewards.

Participating in the $MBDL Fair Launch requires holding M-BTC. To streamline your experience, let’s walk you through how to obtain M-BTC on Merlin Chain.

What is M-BTC and Merlin Chain?

Merlin Chain is the leading BTC Layer2 who locked over 3.5 billion TVL within only 30 days since the mainnet launch. In partnership with Merlin Chain, we aim to sculpt the future of Bitcoin gaming.

Merlin Chain launched Merlin’s Seal on February 7th, an event that lets users to stake assets on Merlin to get points for future airdrops. In turn, stakers receive M-Token on Layer2, such as M-BTC for staked BTC, maintaining a 1:1 mapping.

These M-Tokens are functional across the Merlin Chain ecosystem, supporting a myriad of actions including lending, staking, and of course, participating in the $MDBL Fair Launch.

Whether you’re familiar with Merlin Chain or the BTC ecosystem, there are multiple ways to obtain M-BTC for everyone.

Identify Your Starting Scenario

Choose the scenario that fits you best and follow the steps to get your M-BTC ready:

Scenario 1

  • You have participated in Merlin’s Seal and staked BTC on Merlin Mainnet.
  • How to: Claim M-BTC from Merlin’s Seal.

Scenario 2

  • You have BTC on Bitcoin Layer1.
  • How to: Bridge to Merlin via MerlinBridge, then exchange it for M-BTC using MerlinSwap.

Scenario 3

  • You have no BTC on Bitcoin Layer1.
  • How to: Bridge assets from other chains to get BTC on Merlin, then use MerlinSwap to get M-BTC.

Important Reminders 🚨🚨🚨

If you are under Scenario 1 or Scenario 2, the operation process will involve AA Wallets (Particle Network). Please make sure to read the following instructions carefully ——

  • The EVM Address of the AA Wallet differs from a regular EVM Wallet.
  • After receiving BTC in your AA Wallet, it is recommended immediately transferring it to your EVM Wallet (e.g. MetaMask). ⚠️USE EVM Wallet for ALL the future interactions to guarantee a smooth user experience.
  • AA Wallets (Particle Network) do NOT come with a Seed Phrase, so you can’t directly move to MetaMask through exporting your seed phrase.

Check out the detailed instruction below — —

Scenario 1: You’ve staked BTC on Merlin’s Seal

You need to manually claim M-BTC from Merlin’s Seal — It’s free, without any gas costs.

Step 1: Claim M-BTC on Merlin’s Seal

  1. Visit: https://merlinchain.io/mtoken
  2. Click on “Apply” and confirm.

Step 2: Transfer the BTC from AA Wallet to EVM Wallet

  1. Launch the AA wallet, transfer the BTC to your EVM Wallet.(e.g. MetaMask )
  2. Add Merlin Chain to your EVM Wallet.

Merlin Chain Info:

Note: Merlin’s Seal is still ongoing. You have the opportunity to acquire new M-BTC through staking new BTC on it. But it will take at least 24 hours to receive new M-BTC.

Scenario 2: You have BTC on Bitcoin L1

If you have BTC on Bitcoin L1, bridge your BTC to Merlin via MerlinBridge and exchange for M-BTC using MerlinSwap.

Step 1: Bridge to Merlin

  1. Visit: https://merlinchain.io/bridge
  2. Bridge your BTC to Merlin, enter the amount and confirm.

Then you can check your BTC on Merlin Chain in your AA (Account Abstraction) wallet powered by Particle Network.

Step 2: Transfer the BTC from AA Wallet to EVM Wallet

  1. Launch the AA wallet in the bottom right corner, transfer the BTC to your EVM Wallet.(e.g. MetaMask )
  2. Add Merlin Chain to your EVM Wallet.

Merlin Chain Info:

Transfer the BTC from AA Wallet to EVM Wallet
Add Merlin to your MetaMask

Step 3: Swap to M-BTC

  1. Visit: https://merlinswap.org/trade/swap, connect your EVM wallet (e.g.MetaMask)
  2. Select the BTC-M-BTC pair, sign and confirm the swap.

Now you have successfully obtained M-BTC!

Scenario 3: Newcomers without BTC on Bitcoin L1

If you have no BTC on Layer1, please acquire BTC via Meson bridge, then follow the steps in Scenario 2 to get M-BTC using MerlinSwap.

Step 1: Get BTC on Merlin

  1. Visit: https://meson.fi/
  2. Connect your wallet, Choose BTC on Merlin Chain, and confirm.

Step 2: Swap to M-BTC

  1. Visit: https://merlinswap.org/trade/swap, connect your EVM wallet (e.g.MetaMask)
  2. Select the BTC — M-BTC pair, sign and confirm the swap.

That’s your complete guide to getting M-BTC. Always verify official channels before engaging with any links and safeguard your on-chain assets. Need help? The MOBOX Discord community is here for you.

Discover more about MDBL in our Litepaper: https://mobox.gitbook.io/dragonverse-neo-litepaper

Keep your notifications on for the upcoming MDBL Fair Launch. Funds raised will fuel the expansion of Dragonverse Neo and the MOSE Chain.

🛸

Team MOBOX

March 25, 2024

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