#MerlinTradingCompetition Common Elements of Merlin Trading Competitions:
* Platform: These competitions are usually hosted on centralized exchanges (CEXs) like Binance, BTSE, or WOO X. You'll need an account on the specific exchange running the competition.
* Promotion Period: Competitions run for a defined period, and trading activity within this timeframe is eligible.
* Eligibility: Generally, users need to meet certain criteria, such as having a verified account on the platform and being eligible to trade the specific tokens (e.g., Binance Alpha tokens).
* Ranking Criteria: Participants are typically ranked based on their total purchase volume of MERL tokens during the promotion period. Sometimes, both buy and sell volume might be included, or a minimum trading volume is required to qualify.
* Prize Pool: A specific amount of MERL tokens (or other tokens) is allocated as the prize pool. This pool is then distributed among the top-ranked participants.
* Reward Distribution: Rewards are usually distributed to eligible winners' accounts within a set number of business days after the competition ends.
* Exclusions: Often, third-party dApp transactions or transactions related to bridging tokens are excluded from qualifying volume.