Outstanding crypto alternate Binance proclaims the launch of a memecoin duel between Shiba Inu (SHIB) and its main rival Dogecoin (DOGE).
Binance is providing $100,000 rewards in token vouchers for the two-week competitors, dubbed Battle of the MEME Canines. Notably, the competition will run from July 12 to July 26, 2024. Throughout this era, contributors are anticipated to affix both the SHIB or DOGE staff and full each day or everlasting duties to earn factors.
Battle of the meme: Doge vs Shiba Inu
Be a part of the Memecoin Duel to share $100,000 in token vouchers!
Discover out extra ⤵️https://t.co/AKjz84IMjh pic.twitter.com/JgDxykRhLd
— Binance (@binance) July 16, 2024
Participation Procedures and Factors Construction
Participation within the promotion is simple and doesn’t require any technical experience. To take part within the occasion, customers should log in to their Binance accounts, go to the exercise web page, and ensure their participation within the promotion by becoming a member of Crew Shiba or Crew Doge.
As soon as participation is confirmed, Binance will redirect customers to the mission web page, the place they’ll full each day duties to earn factors for his or her staff.
Notably, Binance structured the factors into six categories- 20 factors for sharing the exercise on social media, 30 factors for each day login, 200 factors for referring new customers who full KYC verification, and 250 factors for depositing $100 price of SHIB or DOGE on Binance.
Moreover, customers will obtain 350 factors after they place a spot or convert order of $100 in SHIB or DOGE and one other 500 factors for buying and selling a minimal of $1,500 on any of those property through the promotion interval. Moreover referring new customers, all different actions could be carried out each 24 hours.
Reward Calculation
After the exercise ends, Binance will decide which staff has the very best collective factors. Customers should accumulate at the least 3,000 factors individually to obtain a share of the $100,000 value pool in token vouchers.
The profitable staff’s first 50,000 contributors will share $50,000, with a cap of $50 per person. Equally, the primary 20,000 customers from the shedding staff will break up a prize pool of $20,000, with the utmost allocation per person capped at $50.
Moreover, Binance will give $200 every to the highest 25 merchants from the profitable staff and $10 every to 2,500 new customers who commerce SHIB or DOGE through the promotion interval. In keeping with Binance, the winner of the competitors can be revealed on July 29, 2024, at 00:00 (UTC).
Shiba Inu Vs Dogecoin Debate Heats Up
This competitors will additional improve the rivalry between Shiba Inu and Dogecoin. Fans of each property have been embroiled in a multi-year heated debate over which token is superior. The discussions primarily revolve round utility, market cap, and neighborhood assist.
At press time, Dogecoin is presently the world’s greatest memecoin, with a market cap of $18.32 billion. Shiba Inu’s valuation of $11.55 billion places it immediately behind Dogecoin within the memecoin rating.
As well as, whereas Shiba Inu’s official X account has 3,880,059 (3.88 million) followers, Dogecoin boasts 3,981,261 (3.98 million) followers.