> For the complete documentation index, see [llms.txt](https://docs.merlinchain.io/merlin-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.merlinchain.io/merlin-docs/user-quick-start/how-to/merlin-phantom.md).

# Merlin Phantom

### What is Merlin Phantom

Launched on Merlin Chain, Merlin Phantom is the first BTC asset exchange protocol to support the seamless interchange of assets like RUNES, BRC-20, BRC-420, and Ordinals NFTs. Jointly developed by [UniCross](https://unicross.xyz/inscribe) and Merlin Chain, Merlin Phantom is designed to enhance liquidity and expand the use cases for BTC assets, offering users a broader range of applications and opportunities within the ecosystem.

### Asset Catalog

<table data-card-size="large" data-view="cards" data-full-width="false"><thead><tr><th>Original Asset</th><th>Converted Asset</th><th>Exchange Type &#x26; Ratio</th><th>Use Case</th></tr></thead><tbody><tr><td><strong>Bitmap</strong></td><td>THE·BITMAP·TOKEN</td><td>NFT -- Runes <br>1 : 10,000</td><td><p><em>Bitmap</em>: </p><ul><li>Price Checking and Trading on UniCross </li></ul><p><em>THE·BITMAP·TOKEN:</em></p><ol start="1"><li>Trading and Farming via pair with MERL on MerlinSwap</li><li>Pay the rental fee in Bitmap.Game</li></ol></td></tr><tr><td><strong>RUFI</strong></td><td>RUNE•FINANCIAL</td><td>BRC20 -- Runes<br>1 ：2.4</td><td><p><em>RUFI</em>: </p><ul><li>Trading and Farming via pair with BTC on MerlinSwap</li></ul><p><em>RUNE·FINANCIAL</em>: </p><ul><li>Trading on Bitgenie</li></ul></td></tr><tr><td><strong>This song about NFTs</strong></td><td>THIS•SONG•ABOUT•NFT</td><td><p>NFT -- Runes </p><p>1 : 10000</p></td><td><p><em>This song about NFTs:</em> </p><ul><li>Trading and Price Checking on UniCross</li></ul><p><em>THIS•SONG•ABOUT•NFT POOL</em>: Trading on MerlinSwap</p></td></tr></tbody></table>