Binance Alpha Merlin Chain (MERL) Airdrop Rewards Wave 2 Goes Live With Trading Competition

Key Takeaways:

• Wave 2 of the Binance Alpha Merlin Chain (MERL) airdrop rewards is now live. 
• Eligible Binance Alpha users holding 240 Alpha Points can claim an exclusive airdrop of 125 MERL tokens.
• Binance is running a two-week trading competition starting on October 18 with a prize pool of 1,494,000 MERL tokens.

On October 18, Binance announced that the second wave of its Binance Alpha airdrop rewards for Merlin Chain (MERL) is now live. Eligible users holding 240 Binance Alpha Points can claim 125 $MERL tokens in the ongoing Alpha airdrop. 

Binance is hosting a two-week Merlin Chain Trading Competition with a prize pool of 1,494,000 MERL tokens for the top 8,300 users. In this article, we will explain how you can participate in the Merlin Chain Alpha airdrop and trading competition and how the project works. 

Merlin Chain (MERL) Airdrop Details

• Project Name: Merlin Chain
• Token Ticker: $MERL
• Airdrop Date: October 18, 08:00 (UTC)
• Airdrop Reward: 125 $MERL
• Platform: Binance Alpha
• Eligibility Requirements: 240 Alpha Points (APs)

How To Claim the $MERL Airdrop

The portal for the second wave of the Merlin Chain airdrop opened on October 18, 08:00 (UTC). Binance users holding at least 240 Alpha Points can begin applying for the airdrop. To do this, go to the Alpha Event page, locate the Merlin Chain campaign, and apply. 

You'll need to pay a claim cost of 15 APs to receive the 125 $MERL allocation. If you do not claim your allocated tokens in 24 hours, it will be considered that you forfeited your claim to the airdrop.

The event is on a first-come, first-served basis and will be distributed directly to the Binance Alpha accounts of users who apply after the conclusion. You can also participate in the upcoming SavannaSurvival (SVSA) Airdrop using these guidelines.

Merlin Chain (MERL) Trading Competition

In addition to the Alpha airdrop, Binance is hosting a Merlin Chain Trading Competition.

• Competition Duration: October 18, 08:00 (UTC) to November 1, 08:00 (UTC). 
• Reward Pool: 1,494,000 MERL tokens to be divided equally among the top 8,300 traders. Each trader will receive 180 MERL tokens.
• Criteria: For this trading competition, eligible trades must be executed on ​​Binance Wallet (Keyless)​​ and ​​Binance Alpha.​ Only cumulative purchases count in this campaign. There are no trading volume caps, but the selling of the token is excluded. 

How To Participate in the $MERL Trading Competition

To participate in the two-week Merlin Chain Trading Competition, do the following.

• Install the latest version of the Binance App, create a Binance Wallet (Keyless), and make sure it is backed up.
• Trade $MERL on Binance Alpha (Keyless) or Binance Wallet (Keyless) during the Promotion Period.
• Rankings will be automatically computed after the Promotion Period. 
• Binance will distribute 180 MERL tokens to the Binance Alpha or Binance Wallet accounts of the top 8,300 traders after the competition closes.

About Merlin Chain

Merlin Chain is a native Bitcoin Layer 2 solution built to expand the utility of assets, protocols, and applications on top of the Bitcoin network. The Web3 project is focused on empowering native assets on the Bitcoin network through its Layer 2 network.

Merlin Chain is intended to be a high-throughput, low-cost asset innovation platform based on Bitcoin, with decentralized applications (dApps), non-fungible tokens (NFTs), DeFi, and game/metaverse applications expected to run on it. To this end, Merlin Chain is EVM compatible, and developers with Ethereum tooling can develop on its L2 network.

It is built with ZK-Rollup technology and features a decentralized oracle network and fraud-proof mechanisms to ensure data validity, leveraging Bitcoin's robust security model. Merlin Chain has put all this in place to allow developers to leverage the security and prominence of Bitcoin's base layer in building dApps, issuing assets, NFTs, and more.