Merrymen weekly update #8

This week has seen big strides regarding progression in multiple departments, business, marketing, and mainly tech.

Behind the scenes, the team is working on the solution to Merrymen’s existing liquidity issue, which will facilitate large scale adoption, and eventually many trading pairs to be readily available on the Merrymen DEX. The team is preparing a detailed announcement surrounding the solution, which will be released soon.

Regarding marketing, Merrymen initiated the campaign previously by hosting an AMA with one of the biggest crypto communities in the space, Satoshi’s Club. However, the campaign has only begun, and will be continued with multiple activations across different marketing avenues over the coming days and weeks.

Notably, this week Robinhood announced its quarterly earnings for Q1 2022. Not surprisingly, they missed earnings by over 26%, adding yet another failed quarter to an already long list. This situation presents itself as an incredible opportunity for Merrymen to reach an increasingly frustrated community of Robinhood investors, and present the Merrymen DEX, and DeFi as a whole, as a safer and more secure form of investing. Therefore, all upcoming marketing activity will be ramped up over the coming weeks, and geared towards this objective, bringing adoption to the Merrymen ecosystem.

Tied together with other business related announcements, the coming weeks are geared up to be the biggest stage in Merrymen’s development to date.

In an effort to engage with the Merrymen community and reward the most proactive members, the team is excited to announce that it will be launching its second meme competition, starting tomorrow, May 1st, and running until May 7th. Details will be shared in tomorrow’s announcement.

To keep up to date with upcoming announcements, make sure to follow Merrymen on all social media accounts.