Introduction
TON Memelandia is thrilled to unveil two highly anticipated memecoin competitions, boasting a reward pool of $1,250,000. These competitions are designed to foster innovation and collaboration among memecoin producers, traders, and communities, leveraging the vast TON ecosystem and its access to nearly one billion Telegram users.
Memecoins have become the driving force in this crypto cycle, and TON Memelandia aims to capitalize on this momentum. By hosting these open competitions, it hopes to create a vibrant space for memecoin projects, inviting both seasoned traders ("degens") and casual participants ("normies") to engage in a fair competition and help grow the ecosystem.
The Competitions The competitions will span four weeks, starting in the last week of October 2024. Two distinct battles will take place: the Cabal Arena and Memecoin Mountain, each offering significant rewards and opportunities for participants to prove their mettle.
Cabal Arena: In this competition, teams of memecoin producers and traders, known as "Cabals," will battle to launch influential memecoins using whitelisted bonding curve launchpads. The goal is to increase the market capitalization of their coins and dominate the competition. The best-performing teams will share a reward pool of $750,000.
Memecoin Mountain: Communities of TON memecoins will compete based on metrics like trading volume, market cap, holder growth, and community engagement. The top memecoins will receive up to $500,000 in airdrops, liquidity injections, Telegram ad credits, and key opinion leader (KOL) boosts.
Both competitions are designed to fuel memecoin growth within the TON ecosystem by attracting more participants, increasing liquidity, and driving market activity.
Cabal Arena
A Battle for Supremacy The Cabal Arena offers an intense four-week competition for memecoin producers and traders. Cabals, teams with up to 100 members led by experienced memecoin producers, will compete to deploy and trade memecoins on the TON ecosystem. These memecoins will be launched on dedicated platforms, and teams will work together to boost their market performance.
Eligibility
Token Producers: Skilled in creating memecoins, these leaders will form Cabals and launch up to four memecoins.
Traders: Memecoin traders can join Cabals to enhance their performance.
Market Makers: These professionals set benchmarks for performance and act as mentors for the teams.
Prize Structure: The $750,000 prize pool is milestone-based and distributed based on team rankings. Additionally, teams that outperform professional market makers will see their prizes doubled.
Scoring System: Teams are ranked based on trading volume, market cap, and individual performance. Bonuses are awarded for factors such as narrative strength and wallet activity.
Memecoin Mountain
Community-Driven Competition The Memecoin Mountain battle focuses on memecoin communities, rewarding tokens with the best overall performance. Communities will compete in two leagues Major and Minor based on their market capitalization. The leaderboard will rank tokens by trading volume, market cap, holder growth, and social engagement.
Eligibility
Memecoins must meet criteria such as a minimum market cap of $250,000 and an average daily trading volume of $5,000 to participate.
Prize Structure: The prize pool of $500,000 will be awarded in the form of airdrops, liquidity injections, and marketing prizes. Community members are encouraged to hold and actively trade participating memecoins, with rewards based on engagement.
Closing Thoughts
TON Memelandia’s memecoin competitions are set to ignite excitement within the TON ecosystem, offering substantial rewards while promoting long-term growth for memecoin projects and communities. As memecoins continue to dominate the crypto scene, these battles present an opportunity for traders, producers, and communities to showcase their skills and drive innovation.