Greetings, Adventures! MerlinSwap is thrilled to announce our year-long big event — Trade to Earn, where you can receive MerlinSwap's token as rewards for the trades you make on the platform.
MerlinSwap hopes adventures could support and build MerlinSwap together for the long term, and provides 24% of the total supply of the MerlinSwap’s token (5.04 billion MP) as the rewards of the Trade-to-Earn event.
Read the complete rundown on Trade-to-Earn so you can grab the earnings without missing a single day, starting on March 25th.
How Trade-to-Earn Works
MerlinSwap stands as the 1# marketplace on the Merlin Chain, showcasing the cutting-edge DLAMM model. This revolutionary model could help users exploring the infinite Bitcoin L2 world smoothly and efficiently. As MerlinSwap revealed its native governance token — MP, The Trade to Earn Event has become an important plan for the long-term development and construction of MerlinSwap.
Trade-to-Earn allows you to earn extra rewards while continuing your usual trading activities. This program isn't just a one-time event but a continuous, 12-month earning opportunity. A significant portion, 24% of the total MP token allocation, which amounts to 5.04 billion MP tokens, will be distributed throughout this period. However, to ensure asset value stability, these rewards will be distributed in the form of esMP tokens, rather than MP tokens directly.
The introduction of the esMP token is a strategic move to maintain the stability of asset value. Upon claiming, esMP tokens can be credited back to your wallet immediately. For those looking to convert their esMP into MP tokens, a vesting option is available. By vesting your esMP, they will be linearly converted to MP tokens over a 30-day period at a 1:1 ratio.
This method ensures that the distribution of the MP token from the reward pool, through esMP tokens, supports the stability and value of assets within our platform. It encourages continuous participation and engagement in trading activities, offering a structured and stable reward system over the course of 12 months.
Earn Rewards in Action
Bi-weekly, over the 12 months, 1/24 of the 5.04 billion, which is 210 million token reward pool in forms of esMP will be allocated to participants. This allocation is based on your trading activity during the previous two-week period, known as an epoch. The distribution of esMP tokens you receive will be proportional to your trading volume relative to the total trading volume recorded in the most recent epoch. This method ensures a fair and equitable distribution of rewards, reflecting the level of each participant's trading activity.. We will designate the selected trading pairs, and only transactions that occur within these pairs will be counted towards the trading volume. For more details, read our website page (http://merlinswap.org/MP).
Claim and Vest esMP
After an epoch ends, we will compile the distribution list for esMP and the corresponding token amounts according to the total trading volume in the last epoch. You could claim your esMP on the claim page within 48 hours.
You could vest esMP after you get it. The redeem ratio of esMP to MP is 1:1, and it will be linear vesting in 30 days, you could claim the released MP at any time in the 30 days.
Having Fun on MerlinSwap platform(https://merlinswap.org/), there shows you everything you need to enjoy the Trade to Earn Event. Build MerlinSwap with us together and Grab the rich rewards!