Bitget Wallet & Unizen Will Co-Host A "Meme Project Competition", and winners will share a $7,000 prize pool!
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Without a doubt, Memes is the best-performing crypto vertical this year, far surpassing others such as public chains, Modularization, and DePIN. With the "Meme super cycle" sweeping the entire market, the enthusiasm of memecoin traders are constantly increasing.
In order to provide a bigger opportunity to participate in Meme trading and earn substantial profits, Bitget Wallet will hold a month-long Meme coin trading themed event in November, which will offer a prize pool worth up to $350,000! The event is divided into two parts: Meme Project Competition and Bitget Swap Trading Carnival.
The "Meme Project Contest" is an event for Meme project parties, launched by Bitget Wallet in collaboration with Unizen. This event will select the winning Meme project each week, and the winning project team can share a the prize pool! Stay tuned for the Bitget Swap trading carnival to launch next week.
Want to win the "Meme Project Competition", earn rewards, and enlarge your communities? Come and sign up!
Event introduction
The Meme Contest is jointly organized by Bitget Wallet & Unizen and will last for 4 weeks. Meme project teams need to register to participate in the competition (community members can also register by supporting a Meme project). Every week, 2-4 project parties will be selected from the registered projects as winners.
Prize Pool Allocation
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A prize pool worth $20,000 will be set up each week, and the winning project will share 80% of the prize pool, while the losing project will share 20% of the prize pool.
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All projects shortlisted can be exposed on the "Trend List" of Bitget Wallet App (exposure time is 1 day), as well as an official Twitter post related to the project.
How to participate?
1) Meme project team or community members: click to sign up
2) Projects that have successfully registered will have 2-4 projects enter the competition each week for a week-long PK for 4 consecutive weeks.
Successful projects can share 80% of the prize pool
Screening criteria for shortlisted projects
The shortlisted projects will be evaluated based on the following criteria:
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Market Cap
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Social media metrics
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24H trading volume
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Number of token holders
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Whether it is a fair launch
How Are Winners Selected?
The winner will be evaluated based on the following three indicators, and the final score will be calculated based on the weight of each indicator.
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Total transaction amount (60% weight): The total amount of transactions conducted through Bitget Wallet Swap within a week (transaction amounts from other channels are not included in the competition scope). The higher the transaction amount, the higher the score.
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Number of on-chain holding addresses (20% weight): The number of on-chain addresses holding the Meme coin during the event. An increase in the number of holders indicates the popularity of the project and the community engagement.
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Social media influence (20% weight): Post a tweet for each project party, and score based on the interaction data of each project party's Twitter (such as likes, shares, comments, etc.). The influence of social media reflects the project's awareness and support in the community.
Score Calculation
Each project will receive a score on the above three indicators, and the specific calculation method is as follows:
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Total score = Total transaction amount score × 0.6 + Number of on-chain holding addresses score × 0.2 + Social media influence score × 0.2
Based on the calculated total score, the project with the highest score will be selected as the winner of the week.
Reward Distribution
Rewards will be distributed in any of the following ways:
1. Directly distribute it to the project to encourage them to continue the project construction;
2. Add liquidity to small-cap projects;
3. For Meme projects that have been CTO (Community Take Over), rewards will be given to KOLs and core builders of the communities.
4. Airdrop for active traders of the project (only for active traders of Bitget Wallet Swap);
5. All rewards are provided by Unizen, totaling 800,000 $ZCX. The specific value at the time of issuance may fluctuate due to market conditions.
The priority of reward distribution is 1 > 2 > 3 > 4, and the details of each reward distribution will be made public
Don't miss this great opportunity to showcase your community engagement! Come and sign up for the Meme project competition, win more supporters and generous rewards through Bitget Wallet and Unizen platforms. We look forward to your participation and let's create a new Meme trading trend together!
*Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly speculative and involve significant risk, including the potential for total loss. They are not insured or guaranteed by any government agency. We strongly recommend conducting thorough research and understanding the risks before making any investment decisions.
About Bitget Wallet
Bitget Wallet stands as one of the world's leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 500,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.
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2024-10-31
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