Alisa Davidson
Published: November 28, 2024 at 2:01 am Updated: November 28, 2024 at 2:01 am
Edited and fact-checked:
November 28, 2024 at 2:01 am
In Brief
Bitget Wallet announced a month-long event focused on Meme coin trading throughout November, with a prize pool valued at up to $350,000.
Non-custodial Web3 wallet and decentralized platform Bitget Wallet announced a month-long event focused on Meme coin trading throughout November, with a prize pool valued at up to $350,000. The event consists of two main segments: the Meme Project Competition and the Bitget Swap Trading Carnival.
For the Meme Project Competition, Bitget Wallet has partnered with Unizen to host an initiative tailored for Meme project teams. This segment will identify and reward standout Meme projects each week. Winning teams will receive a share of the allocated prize pool.
The competition will run for four weeks and is open to project teams and community members supporting their chosen Meme projects. Registered participants will compete weekly, with 2–4 projects selected as winners each round.
Each week, a prize pool of $20,000 will be available. Winning projects will claim 80% of the prize, while non-winning projects will receive the remaining 20%. Additionally, shortlisted projects will gain visibility on Bitget Wallet’s Trend List (featured for one day) and in an official Twitter announcement.
In order to participate, users are encouraged to register. Projects successfully entering the competition will undergo weekly head-to-head challenges over four consecutive weeks. Winning projects can claim the majority share of the prize pool.
‘Meme Project Tournament’: Evaluation Criteria And Reward Distribution
Evaluation criteria for shortlisted projects include factors such as market capitalization, social media engagement, 24-hour trading volume, number of token holders, and whether the project adheres to a fair-launch model.
Rewards will be distributed to projects to support continued development, enhance liquidity for smaller-cap projects, or benefit Meme projects under Community Take Over (CTO) initiatives. In these cases, key opinion leaders (KOLs) and core community builders will receive allocations. Active traders engaging through Bitget Wallet Swap may also be eligible for airdrops.
All rewards are provided by Unizen, totaling 800,000 ZCX. However, the value of rewards may fluctuate based on market conditions at the time of distribution.
Bitget Wallet is widely acknowledged as a leading non-custodial Web3 wallet and decentralized ecosystem platform worldwide. In addition to its Swap function, it offers features such as multi-chain asset management, smart money insights, a Launchpad, an Inscriptions Center, and an Earning Center. The platform supports over 100 major blockchains, more than 250,000 tokens, and a diverse range of decentralized applications (dApps).
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
