Binance Launches Merlin Trading Competition With 9.84M $MERL in Rewards
Binance, the world’s leading cryptocurrency exchange, has announced the launch of a new trading competition featuring MERL, the native token of the Merlin Chain ecosystem. Hosted via Binance Wallet (Keyless) and Binance Alpha, this event will reward participants with a generous prize pool of 9,840,000 MERL tokens, distributed equally among the top 10,000 traders.
This limited-time competition is designed to boost engagement with the Merlin Chain ecosystem and promote usage of Binance’s next-generation wallet solutions. Participants are invited to actively trade MERL tokens from May 20, 2025, 09:00 UTC to June 3, 2025, 09:00 UTC. Let’s dive into the full breakdown of this exciting event and how users can participate.
⸻
What Is the Merlin Chain?
Before jumping into the competition details, it’s important to understand what Merlin Chain is and why it’s gaining traction in the crypto community.
Merlin Chain is a Bitcoin Layer 2 solution focused on scalability, fast transactions, and enhanced programmability. It integrates zero-knowledge (ZK) technology to enable trustless, efficient cross-chain communication and dApps. Backed by a growing ecosystem and strong technical architecture, MERL serves as the core utility and governance token within the network.
With Bitcoin Layer 2 solutions in high demand, Binance’s focus on promoting MERL through a major trading competition is both strategic and timely.
⸻
Competition Overview: Trade and Earn MERL
Event Duration:
Start: May 20, 2025 – 09:00 UTC
End: June 3, 2025 – 09:00 UTC
Over the course of two weeks, participants who trade MERL tokens on eligible platforms will compete based on their total purchase volume. At the end of the competition period, the top 10,000 users by MERL purchase volume will each receive 984 MERL tokens, making up the entire prize pool of 9,840,000 MERL.
Key Highlights:
• Equal distribution: Everyone in the top 10,000 gets the same reward.
• No minimum trade volume required.
• Trading must be conducted via Binance Wallet (Keyless) or Binance Alpha.
⸻
How to Join the Competition
Participation is simple, but users must follow these key steps to ensure their eligibility:
1. Update Binance App
Ensure you have the latest version of the Binance mobile application installed. This is necessary to access both the Binance Wallet (Keyless) and Alpha features.
2. Create and Back Up a Binance Wallet (Keyless)
Participants must create a Binance Wallet, which is Binance’s secure, self-custody wallet offering a seamless and keyless experience. Make sure to back up your wallet during the setup process to avoid access issues.
3. Trade MERL Tokens
During the event period, users must buy MERL tokens through the Binance Wallet (Keyless) or Binance Alpha. The total MERL purchase volume will determine your ranking. Sales and external dApp transactions will not be counted.
4. Complete KYC Verification
Only users who have completed KYC (Know Your Customer) verification and are in an eligible region will qualify for rewards. This is in compliance with Binance’s regional service restrictions.
Register Now: [Click Referral Link]
⸻
Eligibility and Rules
To ensure fairness and proper reward distribution, Binance has outlined several conditions for participants:
• Only MERL purchases via Binance Wallet (Keyless) or Binance Alpha will be counted.
• Sales transactions, third-party dApp usage, and bridging-related trades are excluded.
• There is no minimum trading volume to enter the competition.
• The final ranking will be calculated based on the total amount of MERL bought during the event window.
• Rewards will be distributed on June 17, 2025, at 16:00 UTC directly to users’ Binance Alpha or Wallet accounts.
⸻
Terms and Conditions
All participants must agree to the following terms:
• Binance reserves the right to disqualify users who are suspected of dishonest activity, such as wash trading, bot usage, or market manipulation.
• The competition is subject to Binance’s Terms of Use, Privacy Policy, and the Activity Terms for promotional events.
• Binance may modify or cancel the competition at any time without prior notice.
• In case of discrepancies, the English version of the official announcement takes precedence.
Participants are responsible for complying with local laws and ensuring they are not in a restricted jurisdiction. Binance also stresses the importance of responsible trading, reminding users that cryptocurrency trading carries inherent risks.
⸻
Why This Matters
The MERL trading competition represents another step in Binance’s broader strategy to incentivize user engagement with emerging blockchain ecosystems. By combining the launch of Binance Wallet (Keyless), the promotion of Bitcoin Layer 2 projects, and gamified user incentives, Binance continues to lead in driving adoption.
For users, this event is an opportunity to:
• Discover the Merlin Chain ecosystem.
• Learn to use the Binance Wallet (Keyless) for decentralized trading.
• Earn free tokens without a minimum trading requirement.
• Be part of a rapidly growing segment of the crypto space.
⸻
Final Thoughts
With an accessible entry process, generous rewards, and a focus on decentralized wallet usage, Binance’s MERL trading competition offers a win-win for both new and experienced traders. The event promotes the use of secure, self-custodial wallets while giving users a chance to earn a share of nearly 10 million MERL tokens without the need for complex trading strategies or high capital requirements.
Whether you’re a fan of the Merlin Chain project or simply looking for a new opportunity to earn crypto, this event is worth checking out.
⸻
Ready to participate?
Start trading MERL today via Binance Wallet (Keyless) or Binance Alpha and claim your share of the prize!