#MerlinTradingCompetition

The "Merlin Trading Competition" typically refers to cryptocurrency trading competitions involving the Merlin (MERL) token, which is associated with the Merlin Chain. These competitions are often hosted by various cryptocurrency exchanges and platforms to incentivize trading of MERL and increase its liquidity.

Here are some key details and common aspects of Merlin Trading Competitions:

1. What is Merlin (MERL) and Merlin Chain?

* Merlin Chain (MERL) is a Bitcoin Layer 2 solution that aims to bring more functionality and scalability to the Bitcoin ecosystem. It leverages zero-knowledge proofs and aims to be compatible with Bitcoin's infrastructure.

* MERL is the native token of the Merlin Chain.

2. How do these competitions generally work?

* Trading Volume as a Metric: Participants are usually ranked based on their total trading volume (often cumulative purchase volume, excluding sell volume) of MERL tokens during a specified "Promotion Period."

* Platforms: These competitions are hosted on cryptocurrency exchanges or platforms that support MERL trading. For example, recent competitions have been announced on Binance (via Binance Wallet/Binance Alpha), KuCoin, PancakeSwap, and BTSE.

* Prize Pools: Competitions offer prize pools, usually in MERL tokens or other cryptocurrencies (like USDT), which are shared among the top-ranked traders. The size of the prize pool can vary significantly.

* Eligibility: To participate, users generally need to have an account on the hosting platform, complete KYC (Know Your Customer) verification, and sometimes meet specific trading volume thresholds.

* Participation Method:

* Binance: Trades executed via Binance Wallet (Keyless) or Binance Alpha are typically the only ones that qualify. Updating the Binance App to the latest version and having a backed-up Binance Wallet (Keyless) is often required.

* PancakeSwap: Trades on the PancakeSwap Swap Page (web interface) or via their Telegram Swap-Bot might qualify, depending on the specific competition.

please share your thoughts