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Bybit Launchpool is excited to introduce MERL, the utility token of Merlin Chain.

Apr 19, 2024, 10AM UTC – Apr 26, 2024, 10AM UTC

During this period, stake MERL or USDT to obtain a share of 4,200,000 MERL!

[Stake to Earn]<https://www.bybit.com/en/trade/spot/launchpool>

On the Bybit Launchpool, you can stake MERL or USDT to earn MERL tokens

Your Daily Yield = [(The Amount of MERL or USDT) / (Total Number of MERL or USDT Staked by All Participants)] × (Daily MERL Prize Pool)

Your yield for the day will be calculated from the next day (T+1) after you’ve staked MERL or USDT. The calculated yield will be automatically deposited to your Funding Account daily starting one day after the calculation period (T+2). Your yield will be refreshed daily at 12AM (midnight) UTC.

Staked assets can be unstaked anytime. No yield will be generated on the day you withdraw your staked tokens. 

Merlin Chain, a native Bitcoin Layer2, aims to enhance Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Built on Polygon's ZK technology, Merlin Chain utilizes a decentralized Oracle network for data availability, powered by Lumoz's decentralized ZK computing power network for ZKP computation. It ensures security through Bitcoin's robust consensus mechanism by allowing challengers to present fraud proofs on disputed matters.

Apr 18, 2024, 10AM UTC – May 3, 2024, 8:59AM UTC

New Users Exclusive: 200,000 MERL Up for Grabs

Complete two (2) simple steps during the event period to earn 100 MERL.

Sign up for a Bybit account and complete Identity Verification Lv. 1.

Accumulate a deposit volume of 100 MERL in your Bybit account during the event period, OR deposit 100 USDT and buy any amount of MERL via your first trade using your Bybit account.

Rewards are limited to 2,000 participants on a first-come, first-served basis.

Invite your friends to sign up for Bybit with your referral code and join the MERL Launchpool. You'll receive 3 MERL for every successful referral, up to 10 referrals.

[Invite Now]<https://www.bybit.com/referral>

- New users must sign up with their referrer's referral code or link to be considered for this event. 

- Rewards from this referral event can be stacked with the existing Referral Program. Both referrers and their referred friends can enjoy all associated perks.

- Rewards will be distributed within 10 days after the event and are distributed on a first-come, first-served basis.

- Referrers can receive rewards for up to 10 referrals.

- Users must complete Identity Verification Lv. 1 to stake tokens on Bybit Launchpool. Institutions and users from restricted countries/regions are not allowed to participate.

- Staked tokens can be unstaked anytime. No yield will be generated on the day users unstake their tokens.

- Yield will be updated daily at 12AM (midnight) UTC. Calculations for yield will start on the next day (T+1) after users stake their MERL, and will be automatically deposited daily to their Funding Account starting one day after the calculation period (T+2).

- There may be delays in the depositing of yields earned. Users will only receive a yield if it’s greater than or equal to 0.01 USDT.

- Cash rewards, if any, will be automatically credited to eligible reward recipients' Spot Account one (1) month after the end of the Launchpool event.

- All participating users must strictly abide by the Bybit Terms of Service.

- Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

- Bybit reserves the right to modify the terms of this event without notifying users in advance.

- Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.

Bybit Launchpool: Stake MERL or USDT to Earn a Share of 4,200,000 MERL!

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