Meme Innovation #4: Battle for a $200K Prize Pool!

Updated 7 November 2024

Meme coin lovers, it’s your time to shine! 🚀 BNB Chain is thrilled to announce the launch of Meme Coin Innovation #4, where the most creative, viral, and strategic meme coin creators will battle it out for a $200,000 prize pool.

This isn’t just about memes—it’s about meme domination. Do you have what it takes to lead the next viral wave?

Join now!

Meme Innovation #4

Meme Coin Innovation #4 is where creators will launch their best meme coins, rally communities, and compete for the exciting prizes. Your meme coin could go from zero to hero in just two weeks, with each round bringing new chances to win big.

How to Join the Competition

Getting in the game is easy. Just follow these steps:

1. Launch your meme coin: Use any meme coin launchpad, for example Four.meme, Burve, GraFun, Myshell, HoloWorld, Flap, or Pinksale or write your own contract to release your meme coin after 18 October 2024.
2. Build your social presence: Create a Twitter account for your meme coin and rally your community!
3. Submit your meme coin: Once submitted, your meme coin will appear on the leaderboard the next day.
4. Track your progress: Keep an eye on the real-time leaderboard to see where your meme coin stands.
5. Start your meme coin hero journey: The battle begins! Will your meme coin take over the competition?

This is more than a competition—it’s a meme coin revolution! With $200,000 in prizes for the most viral meme coins r the top performers, Meme Coin Innovation #4 offers life-changing opportunities. This is your moment to build a meme coin that not only captures attention but also thrives in liquidity.

Plus, even if you don’t win one round, you’ll automatically be entered into the next round. Each round is a fresh chance to level up your meme coin and rise in the rankings.

Competition Schedule

Mark your calendars! Meme Coin Innovation #4 consists of four epic rounds:

• Round 1: 2024.10.22 00:00 UTC – 2024.11.04 23:59 UTC
• Round 2: 2024.11.05 00:00 UTC – 2024.11.18 23:59 UTC
• Round 3: 2024.11.19 00:00 UTC – 2024.12.02 23:59 UTC
• Round 4: 2024.12.03 00:00 UTC – 2024.12.16 23:59 UTC

Reward Structure & Criteria

Meme coins participating in the competition will be ranked using a combination of key performance metrics, including:

• Liquidity: The ease with which the meme coin can be traded without significant price impact.
• Average Trading Volume: The total trading volume divided by the number of days the meme coin is active during the event.
• Active Accounts: The number of unique wallet addresses actively trading the meme coin.
• Market Capitalization: The total market value of the circulating supply.

The final rewards will be distributed based on each meme coin’s liquidity pool performance score. This score is calculated using a weighted formula that factors in all the key indicators. Specific weights and the detailed formula will be provided to ensure transparency and fairness in the rankings.

The formula is as follows:

Rewards Distribution Logic

How Meme Coins Are Ranked

Want to know how to dominate the leaderboard? Here’s what we’re looking at:

• Liquidity: Liquidity in cryptocurrency means the ease with which a digital currency or token can be converted to another digital asset or cash without impacting the price and vice-versa.
  • Supported DEX: Pancakeswap, Uniswap and Thena
• Daily Average Trading Volume: This is the total trading volume of the Meme coin during the event divided by the number of days involved.
  • For Meme coins launched during the event: The Daily average trading volume will be calculated based on the actual number of days the Meme coin has been active
  • For Meme coins launched before the event: If the application is submitted after the event has started, the daily average trading volume will be calculated as the total trading volume divided by 14.
• Market Cap: The total market value of a Meme coin's circulating supply. It is analogous to the free-float capitalization in the stock market (Market cap = Average price for the last 3 days of the event x Circulating supply).
• Active Accounts: The number of wallet addresses that hold this Meme coin and have at least 1 trading during the event.

Pro Tip: Only meme coins that hit $1 million average daily trading volume and 5,000+ active accounts will qualify for the top 3 prizes. If no one hits the mark, the rewards roll over to the next round, so there’s everything to play for!

Ready to Take Over the Meme Coin World?

If you’ve been dreaming of launching a viral meme coin, Meme Coin Innovation #4 is your chance to go big! Whether you’re gunning for the $200,000 prize pool t, this is where legends are made. So, gear up, get your meme coin out there, and let’s see if you have what it takes to become the next meme coin hero on BNB Chain.

The meme coin madness starts October 22—are you ready? 

Important Notes

• About data update: The leaderboard will be online around October 22nd. It will be updated on the leaderboard on T+1. Thanks to udex for providing data support.
• BNB Chain and its affiliates will not be liable for any damages arising out of your participation in the competition for the development of your project.
• BNB Chain’s decision regarding the winners will be final.
• BNB Chain core team reserves the right to disqualify the projects deemed to be wash trading or using illegal bulk wallet addresses, self-dealing, or displaying attributes of market manipulation, etc.
• The BNB Chain core team reserves the right, at its sole discretion, to amend or cancel this announcement at any time and for any reason without prior notice.
• Where any discrepancy arises between the translated and original versions, the English version shall prevail.
• Winners must contact BNB Chain's official X account within 2 weeks of the winner announcement to claim rewards, or they will be forfeited.

Disclaimer

Digital assets are highly speculative and involve a significant risk of loss. The value of meme coins is extremely volatile, and anyone who wishes to trade in any meme coin should be prepared for the possibility of losing their entire investment. BNB Chain makes no representations or warranties regarding the success or profitability of any meme coin developed as part of this competition.  BNB Chain is a public, decentralized, and permissionless blockchain. Participation by any project should not be seen as an endorsement or recommendation by BNB Chain. Users should assess their financial situation and risk tolerance and do their own research before participating in this competition or trading in any meme coins participating in this competition. BNB Chain will not be held liable for any losses, damages, or issues that may arise from participating or trading in any meme coins participating in this competition.