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Cryptocurrency News Articles

The $500,000 Daily and Weekly Memecoin Competitions Are Coming to the BNB Chain

Feb 16, 2025 at 08:04 am

The BNB Chain ecosystem is about to witness an electrifying competition as memecoins battle for supremacy in the upcoming Daily and Weekly Memecoin Competitions.

BNB Chain is hosting Daily and Weekly Memecoin Competitions with a prize pool of up to $500,000.

Here's how it will work:

Activity Period & Structure:

Daily Competition: Commences daily at 00:00 AM (UTC) and concludes at 11:59 PM (UTC).

Top 3 memecoins with the highest daily trading volume will be eligible for the daily prize.

Daily competition winners will be announced the following day at 12:00 PM (UTC).

Weekly Competition: Commences on Monday at 00:00 AM (UTC) and concludes on Sunday at 11:59 PM (UTC).

Top 5 memecoins with the highest weekly trading volume will be eligible for the weekly prize.

Weekly competition winners will be announced the following Monday at 12:00 PM (UTC).

Eligibility Criteria:

To participate, memecoins must meet the following criteria:

Be listed on a DEX within the BNB Chain//(BSC) ecosystem for at least 30 days

Have a minimum daily trading volume of at least 100,000 BNB Chain//(BSC) tokens for the past 7 days

Be actively engaged in the community, with regular updates and initiatives

Not be involved in any suspicious or manipulative trading activities, as determined by BNB Chain//(BSC)

Ranking Criteria:

Memecoins will be ranked based on three key performance indicators, weighted as follows:

Daily Trading Volume (50%): Average daily trading volume of the memecoin over the past 24 hours.

Community Engagement (25%): Number of Telegram members, Twitter followers, Discord members, and other relevant community engagement metrics.

Relative Price Change (25%): Percentage change in the memecoin's price over the past 24 hours, normalized by the daily trading volume. This indicator aims to capture the memecoin's "hype" or buzz factor.

Tiebreaker: If two memecoins score equally, the one with the higher trading volume will secure a better ranking.

Winner Rewards:

Daily Winners:

1st Place: $100,000

2nd Place: $50,000

3rd Place: $25,000

Weekly Winners:

1st Place: $200,000

2nd Place: $100,000

3rd Place: $50,000

4th Place: $25,000

5th Place: $15,000

Liquidity Support Details:

In addition to the above rewards, the top 3 memecoins in the daily competition and the top 5 memecoins in the weekly competition will also receive liquidity support as follows:

Daily Competition:

1st Place: 500,000 BNB Chain//(BSC) tokens

2nd Place: 250,000 BNB Chain//(BSC) tokens

3rd Place: 125,000 BNB Chain//(BSC) tokens

Weekly Competition:

1st Place: 1,000,000 BNB Chain//(BSC) tokens

2nd Place: 500,000 BNB Chain//(BSC) tokens

3rd Place: 250,000 BNB Chain//(BSC) tokens

4th Place: 125,000 BNB Chain//(BSC) tokens

5th Place: 60,000 BNB Chain//(BSC) tokens

This liquidity support will be added to the memecoins' respective liquidity pools on decentralized exchanges within the BNB Chain//(BSC) ecosystem.

Key Rules & Fair Play Measures:

Only memecoins that meet the eligibility criteria and are not engaged in any suspicious or manipulative trading activities will be considered for the competition.

BNB Chain//(BSC) reserves the right to disqualify any memecoin or team that violates the competition rules or engages in unfair practices.

Why This Competition Matters:

This high-stakes competition is not just about rewards—it's a game-changer for memecoins on the BNB Chain//(BSC). By incentivizing liquidity and fair trading, the event paves the way for stronger, more transparent projects in the crypto ecosystem.

Mark your calendars and get ready for the biggest memecoin battle of 2025!

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 21, 2025