- SHIB and DOGE Armies are competing in a new Binance contest.
- Offering a $100K prize pool in token vouchers, the contest will run for 14 days.
- Reward breakdown hints at several ways to win big by trading SHIB & DOGE.
Binance, the globally leading crypto exchange by trading volume, announced a competition between members of the two largest meme coin communities—the SHIB Army and the DOGE Army.
Officially dubbed “Battle Of The Meme Dogs,” the competition boasts a prize pool of $100,000, which the winning team will share.
To participate, Binance’s customers must first log in to the platform and select their preferred team. Once Team DOGE or Team SHIB is selected, proceed to the Activities page, where daily and permanent tasks will be served and completed in two weeks. Each completed task will contribute to the selected team’s score and the crypto trader’s personal record.
SHIB Army vs. DOGE Army: Here’s What Tasks Await
For a winner to prevail, meme currency enthusiasts on Binance must collect points for various Shiba Inu and Dogecoin-related tasks. According to the reward structure breakdown, points can be acquired by simply sharing the activity with friends on social media once every 24 hours.
By getting 20 points for this daily task, crypto enthusiasts can earn an additional 30 points every day by simply checking in every 24 hours. Each daily login brings 30 points, while the remaining four tasks provide substantially higher earnings.
Referring a friend to register on Binance and complete the Know Your Customer (KYC) process gives 200 activity points, but the most highly rewarding practices are all tied to trading on the platform. Meme coin traders can deposit $100 of DOGE or SHIB in a single transaction to acquire 250 activity points.
Finally, 350 activity points are offered for those participating in Spot trading with orders of at least $100 in SHIB or DOGE. According to Binance’s terms and conditions, this can also be done once in a 24-hour period.
Intriguingly, the most rewarding activity in the meme coin duel is to trade $1,500 or above in SHIB or DOGE on Binance Futures per a 24-hour period.
On the Flipside
- The Battle of The Meme Dogs is bound to location restrictions, therefore a large chunk of SHIB and DOGE holders won’t be able to join the festivities.
Why This Matters
Both Shiba Inu and Dogecoin have vibrant communities and similar social media followings despite SHIB being DOGE’s considerably younger counterpart.
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