Merkle Network Announces TrustSwap FlashLaunch as They Prep Their Cross-Chain Interoperability Solution

Back in early 2009, Satoshi Nakamoto mined the first Bitcoin block and proved that blockchain technology was indeed viable. It was the beginning of a sequence of events that would not only catapult Bitcoin to fame but would also establish the blockchain as an important breakthrough in secure data and transaction processing. But the original blockchain that powered Bitcoin had some limitations.

For one, it was processing-intensive, and therefore slow. It also wasn't able to scale up as demand for Bitcoin soared. That led to the launch of several competing blockchains in the intervening years, each with unique strengths and weaknesses. And while many of those blockchains have gone on to be individually successful, none have emerged as a true one-size-fits-all solution.

And for the crypto industry, that's a real problem. It has meant that various crypto and DeFi projects have had to choose one blockchain to focus on at the expense of all others. That fragmentation has held the industry back despite its many major strides forward over the years. But it's a problem that does have a solution.

And now, a project called the Merkle Network aims to prove it. They're a new Web 3.0 protocol aimed at providing cross-chain interoperability. And on October 28th ­at 1 PM UTC, they're going to have a FlashLaunch on the well-known crypto launchpad service TrustSwap.

What is Merkle Network?

The Merkle Network is a layer-zero protocol that provides oracle services to enable data and asset transfer across several popular blockchain implementations. As of now, it supports the Ethereum, Avalanche, Binance Smart Chain, and Polygon blockchains. By using the Merkle Network, developers can build apps that operate across all of those blockchains, tapping into the best features of each. They can also seamlessly move assets and data between the chains as needed without difficulty.

But to make all of that possible, Merkle Network needed a native token to power the various aspects of its operations. That token, known as $MERKLE, is the linchpin of the whole system. It's how users pay for the gas fees associated with cross-chain transfers, powers a staking system that incentivizes node operators to act as honest brokers, and provides a governance mechanism for the protocol. With all that, it will be an invaluable asset for nearly every crypto project that aims to operate efficiently on multiple blockchains. Merkle Network is an infrastructure project that will be considered the backbone of decentralized applications in the future. The community around Merkle Network is well aware of that and has seen tremendous growth on all fronts such as Twitter TWTR, Telegram, and other social media hubs.

,h3>The Upcoming FlashLaunch

At the time of this writing, the Merkle Network's developers have already completed the internal testing phase of their protocol development. And they expect to have a testnet go live sometime in November. But before that can happen, the project plans to hold a FlashLaunch on the TrustSwap platform on October 28th ­­­­at 1 PM UTC. This will allow them to begin to raise the capital needed for their launch and get the $MERKLE token into the hands of the people who wish to participate in the operations of the network itself.

To participate in the FlashLaunch, interested users need to register for it on the TrustSwap website during the event's 24-hour window between October 28th at 1 PM UTC and the same time the following day. Each registered user will receive 2 drawing tickets for a $250 allocation of $MERKLE just as long as they have at least 4,000 of TrustSwap's $SWAP tokens staked on the platform or have amassed a SwapScore of 2,500 or more from their prior staking history.

Registered users can also improve their odds of receiving an allocation by increasing the amount of $SWAP they have staked by the time the FlashLaunch window opens. By increasing their stake to 250,000 or more $SWAP tokens, users can receive up to a maximum of 20 drawing tickets.

But that's not the only way to get an allocation. Beginning 24 hours before the event, TrustSwap will be auctioning off 5 Merkle Golden Ticket NFTs that entitle their owners to a guaranteed allocation of $500 worth of $MERKLE during the FlashLaunch. They're not stackable, so no individual can redeem more than a single golden ticket for the event. But that doesn't mean a golden ticket holder can't still win the main drawing. And if they do, they can walk away from the event with a maximum of a $750 allocation.

Merkle has also launched on Avaxlauncher around a week ago and has seen a very successful launch. It is scheduled to launch on TrustPad on BSC as well on October 29th at 15:00 UTC. This will push Merkle Network towards the adoption of the protocol on other blockchains as well.

A Solution the Crypto World Needs

When the Merkle Network officially launches and begins to operate, it will be a landmark event in the history of blockchain technology. It will help to lower the barriers between the major popular blockchains and encourage developers to innovate by incorporating the best features those chains have to offer in their work. And that will go a long way toward solving the fragmentation problem that has plagued crypto for years. It's a solution that the crypto world has needed for a long time, and thanks to the Merkle Network, it's about to get it.

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