They exchange the Merlin token (Merl) or other assets within the Merlin Chain ecosystem to earn rewards. These competitions are often hosted by cryptocurrency exchanges or platforms associated with Merlin Chain.
Here is a summary of recent and ongoing Merlin trading competitions:
* Binance Wallet Merlin Trading Competition (May 20 - June 3, 2025): Binance Wallet is organizing a Merlin trading competition on Binance Alpha. Users can trade MERL in their Binance wallet (non-custodial) or through Binance Alpha to share a value of $1M in MERL token rewards. Participants are ranked by total MERL purchase volume, with the top 10,000 users sharing 9,840,000 MERL tokens equally (984 Merl per user). Only cumulative purchases through the Binance wallet (non-custodial) or Binance Alpha qualify.
* Woo X and Merlin Chain Trading Competition (April 19 - May 3, 2024): Woo X partnered with Merlin Chain to offer a prize pool of $500,000 in Woo and Merl Tokens. This competition had several missions, including a trading competition with a MERL prize pool of 70,000 MERL divided into two phases. The top 100 users with the highest trading volume in MERL trading pairs in each phase were eligible to share the prize.
* BTSE Exclusive Campaigns with Merlin Chain (April 28 - May 5, 2025): BTSE held "trade to earn" and "deposit to earn" campaigns with a prize of up to 64,000 MERL tokens. Participants who traded (bought or sold) or deposited a minimum of 20 USDT in MERL tokens during the campaign period had the opportunity to share the prize pool.
* Merlinswap Merl Token Trading Competition (launched around April 2024): Merlinswap, a DEX on the Merlin Chain, launched Merl Token Trading and a competition. Trading Merl, providing MERL/WBTC liquidity, or buying MERL at the lowest price per hour, could share a prize pool of $18,000 distributed in $ESMP.
Key things to consider about Merlin's trading competitions:
* Token: the main token involved is MERL, the native token of the Merlin Chain ecosystem.
* Platforms: competitions are generally hosted on cryptocurrency exchanges like Binance, Woo X, and BTSE, or decentralized exchanges like Merlinswap.
* Eligibility: rules vary, but often involve trading volume, specific trading pairs (e.g., MERL/USDT), and sometimes specific methods (e.g., through a particular wallet).
* Rewards: rewards are generally in Merl tokens, or sometimes other tokens like Woo.
* Ranking: participants are generally ranked based on their trading volume (buy or cumulative buy volume).
* Dates: competitions have specific promotional periods and reward distribution dates.
If you are interested in participating in a "Merlin trading competition", it is crucial to check the official announcements and the terms and conditions of the specific competition on the platform hosting it.
