THE EARLY 2024 MEME SEASON WAR HAS BEGUN 🔥 🚀 🚀 🚀 🚀 🔥
#pepecoin🐸 #SentimenPasarHariIni #pengusahamuda
On Tuesday, BNB Chain announced its “Meme Innovation Battle” initiative, which will split a prize pool of up to $1 million among developers creating meme coins on the BNB network that reach certain (major) trading milestones.
Limited Opportunities Participants in the competition will have until next Tuesday to register. Then, over the course of a month, participating meme coins will compete for popularity among users. The criteria for the “best” meme coin will depend 50% on the total trading volume achieved on May 10, 40% on the number of valid token holders, and 10% on market capitalization.
At the end of the month, BNB Chain will then announce the top 10 performing coins, and assess the trading volume achieved by all participating meme coins. If all tokens collectively surpass $30 billion in trading volume, then the prize pool divided among the top 10 performing coins will be $1 million.
Dynamic Reward Structure
The competition prize structure is based on a sliding scale determined by trading volume; if all the meme coins in the competition only reach $10 billion in trading, for example, then the prize pool shrinks to $300,000.
The single best performing meme coin in the battle will receive 40% of the prize pool. Second place will receive 30%, third place will receive 15%, and the remaining 15% of the cash will be divided equally among the fourth through 10th participants.
In recent months, meme coins have garnered a huge amount of capital and interest as the crypto market continues to emerge from a multi-year winter.
