BNB Chain Launches Second Round of Memecoin Airdrop Competition
Felix Pinkston Dec 20, 2024 06:47
BNB Chain announces the second round of its Memecoin airdrop competition, offering BNB and CAKE holders a chance to receive top-performing meme tokens.
BNB Chain has unveiled the second round of its much-anticipated Memecoin Daily Airdrop Series, presenting a lucrative opportunity for participants within its ecosystem. The event, scheduled from December 24 to December 31, 2024, promises to distribute top memecoins worth 33 BNB daily to 1,000 fortunate BNB and CAKE holders, according to BNB Chain.
Competition Overview
Following the successful completion of the first seven-day round, the competition aims to spotlight emerging meme coins on the Binance Smart Chain (BSC). The initial phase concluded with notable achievements from winners, including AlCell, MONKEY, and FROG, which secured spots on the prestigious Binance Alpha watchlist.
The second round maintains the format of the first, offering a continuous seven-day contest with specific eligibility criteria for participating memecoins. The competition period spans from December 24 to December 31, with daily assessments based on three core metrics: 24-hour trading volume (50%), market capitalization (30%), and 24-hour price growth (20%).
Eligibility and Participation
Eligible memecoins must have been launched after November 15 or December 1, 2024, depending on the competition day. The daily winners will be determined using real-time data, ensuring transparency in the selection process.
To qualify for the airdrop, BNB and CAKE holders must possess at least 1 BNB or 235 CAKE. Only wallets containing slisBNB, BNBx, stkBNB, ankrBNB, or Cake are considered for eligibility, with snapshots taken at noon UTC on December 24, 2024.
Key Metrics and Definitions
- 24-hour Trading Volume: The total trading volume of the memecoin within 24 hours.
- Market Capitalization: The total market value of the circulating supply of the memecoin, calculated as (Circulating Supply - Burned Amount) × Price.
- 24-hour Price Growth: The maximum price increase of the memecoin within 24 hours.
- Launch Date: Determined by the "pool creation" time, as liquidity pools are essential for trading and competition eligibility.
Competition Rewards
Memecoins do not need to register for participation, and only native memecoins are eligible. In the event of a tie, the memecoin with the higher trading volume will rank higher. The 33 BNB worth of purchased memecoins will be distributed evenly among 1,000 qualifying addresses.
BNB Chain reserves the right to disqualify memecoins that exhibit market manipulation traits, including wash trading and the use of illegal bulk wallet addresses.
Participants are encouraged to follow BNB Chain on Twitter for real-time updates. It is essential to note that digital assets carry high speculation risks and potential for significant financial loss. BNB Chain makes no representations or warranties regarding the success or profitability of any meme coin developed during this competition.
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