Bitget Launchpool is listing Merlin Chain (MERL): Stake BGB and USDT to mine 330,000 MERL
Bitget
2024-04-17 10:00
Bitget Launchpool is listing Merlin Chain (MERL), Merlin Chain is a native Bitcoin Layer2 committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network.
Mining pool details
| BGB pool |
264,000 MERL (80%) |
| USDT pool |
66,000 MERL (20%) |
| Maximum BGB staking |
20,000 BGB |
| Maximum USDT staking |
20,000 USDT |
Token allocation:
BGB pool rewards per user = user's staked BGB ÷ total staked BGB of all eligible participants × corresponding prize pool.
USDT pool rewards per user = user's staked USDT ÷ total staked USDT of all eligible participants × corresponding prize pool.
Mining period: 7:00, 18th Apr - 7:00, 28th Apr (UTC)
Rules:
- Token rewards from Launchpool mining pools will be distributed hourly to participants based on their staking volume.
- Bitget will take a snapshot of each participant's stake every hour to determine their share and distribute rewards accordingly.
- Rewards are distributed hourly. When a user stakes during hour H, the staked amount is calculated at H+1 o'clock, and the rewards are distributed at H+2 o'clock. (For example, if a user stakes at 10:46 AM, the staked amount is confirmed at 11:00 AM, and the rewards are distributed to the user at 12:00 PM).
- The APR of each mining pool is calculated separately.
- Users can redeem their staked token from a mining pool at any time.
- Staked assets will be automatically returned to the user's spot account after the mining period ends.
Terms and conditions
- Participants must complete identity verification to be eligible for the promotion.
- All participants must strictly comply with Bitget's terms and conditions.
- Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion.
- Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.
- Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.
- Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions.
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.
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