Binance has announced an exciting new contest: a meme coin duel between Shiba Inu (SHIB) and Dogecoin (DOGE). It’s called The Battle of the MEME Dogs, this competition offers $100,000 in rewards. It will run from July 12 to July 26, 2024. Participants can join either the SHIB or DOGE team and complete tasks to earn points.
Joining the contest is simple. Users need to log in to their Binance accounts, visit the activity page, and choose a team: Team Shiba or Team Doge. Once confirmed, they will be redirected to the mission page, where daily tasks can be completed to earn points for their team.
Shiba Inu and Doge Duel Categories
Binance has organized the points structure into six categories. Users earn 20 points for sharing the activity on social media, 30 points for daily logins, 200 points for referring new users who complete KYC verification, and 250 points for depositing $100 worth of SHIB or DOGE. Additionally, 350 points are awarded for placing a spot or convert order of $100 in SHIB or DOGE, and 500 points for trading a minimum of $1,500 in these assets during the promotion. Except for referring new users, all activities can be repeated every 24 hours.
After the competition, Binance will calculate which team has the highest collective points. Users must accumulate at least 3,000 points to receive a share of the $100,000 prize pool in token vouchers. The first 50,000 participants from the winning team will share $50,000, with a cap of $50 per user. The losing team’s first 20,000 users will split $20,000, also capped at $50 per user. Additionally, the top 25 traders from the winning team will each get $200, and 2,500 new users who trade SHIB or DOGE will each receive $10.
The rivalry between Shiba Inu and Dogecoin is fierce. Enthusiasts of both tokens have long debated their merits, focusing on utility, market cap, and community support. Currently, Dogecoin is the leading memecoin with a market cap of $18.32 billion, while Shiba Inu follows at $11.55 billion. On social media, Shiba Inu’s official X account has 3.88 million followers, and Dogecoin boasts 3.98 million followers.
The winner of this heated competition will be revealed on July 29, 2024, at 00:00 UTC. As the contest unfolds, the debate between Shiba Inu and Dogecoin supporters is set to intensify, adding more excitement to the world of memecoins.
