It is a good initiative to spent out your smerits and helps newbies-member to rank up their current rank. Some old members also doing this in the past to help others because of the difficulty to earn merit and lack of merit sources at the moment (I guess). Nowadays, there are plenty of merit sources who will give enough merit to newbies (if they deserve it), so it is quite rare to see a merit giveaway thread now.
I don't understand what you write, so I am sorry.

In my opinion, you should add it to your local rules, on which language you accepted for this giveaway.
So, something like this will not happen again next time.
Anyway, good luck for the giveaway and I believe with your current merit earning speed you can achieve sr member next week.