According to BlockBeats, the Fantom Foundation has announced the winners of the first round of Meme Season. The first place was taken by HOOPS, followed by THC in second place, and sGOAT in third place.
The first round of the competition took place from June 1 to June 30. The top three Meme token projects were awarded 1,000,000 sFTMx, equivalent to over 1,120,000 FTM. The judging criteria included market value, gas usage, trading volume on decentralized exchanges, and qualifying wallets.
Of the total prize, 80% will be distributed to Meme token holders based on their holdings, while the remaining 20% will be allocated to the Meme token teams.