- SHIB and DOGE Armies are Competing in a New Binance Competition
- The competition, which offers a prize pool of $100,000 in token vouchers, will run for 14 days.
- The reward details hint at several ways to make big profits from SHIB and DOGE trading.
Binance, the world’s leading cryptocurrency exchange by trading volume, has announced a competition between members of the two largest meme coin communities, the SHIB Army and the DOGE Army.
Officially dubbed the “Meme Dog Showdown,” the contest boasts a $100,000 prize pool, which the winning team will split.
To participate, Binance customers must first log into the platform and select their preferred team. Once they select Team DOGE or Team SHIB, they will be taken to the activity page to perform daily and permanent tasks, which will be completed within two weeks. Each completed task will contribute to the selected team’s score and the cryptocurrency trader’s personal record.
SHIB Army vs DOGE Army: Find out what awaits you
In order for the winner to win, Binance meme currency enthusiasts will have to collect points for various Shiba Inu and Dogecoin-related tasks. According to the reward structure analysis, points can be earned by simply sharing activities with friends on social media every 24 hours.
After earning 20 points for this daily task, crypto enthusiasts can earn an additional 30 points every day by simply checking in every 24 hours. You will earn 30 points every time you log in, and the remaining four tasks offer even higher rewards.
Referring a friend to register on Binance and completing the Know Your Customer (KYC) process will earn you 200 activity points, but the most rewarding practices are all related to trading on the platform. Meme coin traders can earn 250 activity points by depositing $100 of DOGE or SHIB in a single trade.
Finally, those who participate in spot trading with a minimum $100 SHIB or DOGE order will be awarded 350 activity points. According to Binance’s Terms of Use, this can only be done once within a 24-hour period.
What’s interesting is that the most profitable activity in the meme coin battle is trading SHIB or DOGE above $1,500 on Binance Futures over a 24-hour period.
On the other side
- Due to space restrictions, the MemeDox Battle will not allow many SHIB and DOGE holders to participate in the festivities.
Why this matters
Both Shiba Inu and Dogecoin have active communities and similar social media followings, although SHIB is considerably younger than DOGE.
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