The world of cryptocurrency is abuzz with the news of Binance’s exciting new contest: The Battle of the MEME Dogs. This Shiba Inu vs Dogecoin duel offers a whopping $100,000 prize pool, igniting a friendly rivalry between the two most popular meme coins.
Calling All SHIB and DOGE Fans
From July 12th to 26th, 2024, Binance users can participate in this meme coin showdown. The premise is simple: choose a team, Shiba Inu (SHIB) or Dogecoin (DOGE), and complete daily tasks to earn points for your chosen champion. Joining the fray is easy. Simply log in to your Binance account, visit the activity page, and pledge your allegiance to either Team Shiba or Team Doge. Once you’ve declared your support, you’ll be whisked away to the mission page, where a variety of tasks await.
Earning Points for Your Team
Binance has structured the point system across six categories, rewarding various actions. Sharing the activity on social media nets you 20 points, while daily logins earn you 30 points. Feeling generous? Refer a new user who completes KYC verification and score a cool 200 points for your team. Additionally, depositing $100 worth of SHIB or DOGE brings in 250 points.
For the more active traders, there are even bigger point rewards. Placing a spot or convert order of $100 in SHIB or DOGE earns you 350 points, while trading a minimum of $1,500 in these assets during the promotion bumps your score up to a mighty 500 points. (Except for referrals, all these activities can be repeated daily to maximize your contribution.)
The Spoils of War
At the conclusion of the competition, Binance will tally the points and declare the victorious team. Here’s where things get interesting: to qualify for a slice of the $100,000 prize pool in token vouchers, users need to have accumulated at least 3,000 points. The top 50,000 participants from the winning team will then split $50,000, with a cap of $50 per user. The losing team’s supporters needn’t despair, as the first 20,000 participants will still share $20,000, again capped at $50 per user.
But wait, there’s more! The top 25 traders from the winning side will each be rewarded with $200, and a bonus $10 awaits the first 2,500 new users who trade SHIB or DOGE during the promotion.
A Pre-Existing Rivalry Reignited
The Shiba Inu vs Dogecoin rivalry pre-dates this Binance contest. Enthusiasts of both tokens have long debated their merits, with discussions revolving around factors like utility, market cap, and community backing. Currently, Dogecoin holds the title of leading meme coin with a market cap of $18.32 billion, while Shiba Inu trails closely behind at $11.55 billion. Social media presence is another battleground, with Shiba Inu’s official Twitter account boasting 3.88 million followers, while Dogecoin edges them out with 3.98 million.
The Stakes Are High
The winner of this heated competition will be revealed on July 29th, 2024. As the contest unfolds, the debate between Shiba Inu and Dogecoin supporters is bound to intensify, adding another layer of excitement to the ever-evolving world of meme coins. So, will it be the community-driven force of Shiba Inu or the celebrity-backed might of Dogecoin that reigns supreme? Only time, and the collective efforts of Binance users, will tell.