Rivalry reignited as Shiba Inu (SHIB) and Dogecoin (DOGE) went head-to-head in a two-week competition on crypto exchange Binance. The “Battle of the MEME Dogs,” offering a total prize pool of $100,000 in token vouchers, pits these popular meme coins against each other, encouraging users to rally behind their favorite canine-themed token.
The Competition: How to Earn Points and Win
Participation is straightforward, requiring only a Binance account. Users simply choose to join Team SHIB or Team DOGE and complete various tasks to accumulate points. Daily tasks include logging in (30 pts), sharing the activity on social media (20 pts), and placing spot or convert orders exceeding $100 in SHIB or DOGE (350 pts). Bigger point rewards come with larger actions, such as referring new users who complete KYC (200 pts) and trading a minimum of $1,500 in SHIB or DOGE (500 pts).
Reward Distribution Favors the Pack Leaders
The winning team, determined by the highest collective points, will see its top 50,000 participants share a $50,000 prize pool, capped at $50 per user. The losing team’s top 20,000 participants will split $20,000, also capped at $50 per user. Binance throws in additional incentives, awarding $200 vouchers to the top 25 traders from the winning team and $10 vouchers to the first 2,500 new users who trade SHIB or DOGE during the event.
Shiba Inu vs. Dogecoin: A Battle Beyond the Binance Arena
This competition adds fuel to the ongoing fire between the SHIB and DOGE communities. Supporters fiercely debate the merits of each token, focusing on factors like utility, market capitalization, and community size. While Dogecoin currently holds the memecoin crown with a market cap exceeding $18 billion, Shiba Inu trails closely behind at $11.55 billion. Social media followings are similarly tight, with Dogecoin boasting a slight edge.
The winner of the Battle of the MEME Dogs will be announced on July 29th, 2024, but one thing is certain: the fight for memecoin dominance is far from over.
