Binance, a leading cryptocurrency exchange, recently announced the launch of a memecoin duel between Shiba Inu (SHIB) and its major rival Dogecoin (DOGE). The competition, dubbed Battle of the MEME Dogs, will run from July 12 to July 26, 2024, and offers $100,000 in token vouchers as rewards. Participants are required to join either Team Shiba or Team Doge and complete daily or permanent tasks to earn points during the two-week contest.
The participation procedures for the Battle of the MEME Dogs are simple and do not require any technical expertise. Users can join the promotion by logging in to their Binance accounts, visiting the activity page, and confirming their participation by choosing either Team Shiba or Team Doge. Once participation is confirmed, users can earn points for their team by completing daily tasks on the mission page. Points are structured into six categories, such as sharing the activity on social media, daily login, referring new users, depositing $100 worth of SHIB or DOGE, placing orders, and trading on these assets.
After the competition ends, Binance will determine the team with the highest collective points. Participants must accumulate at least 3,000 points individually 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, while the first 20,000 users from the losing team will split a prize pool of $20,000. Additionally, Binance will reward the top 25 traders from the winning team with $200 each and give $10 to 2,500 new users who trade SHIB or DOGE during the promotion period. The winner will be announced on July 29, 2024.
The competition between Shiba Inu and Dogecoin will further intensify the rivalry between the two memecoins, with enthusiasts of both assets engaging in heated debates over which token is superior. Discussions often center around factors like utility, market cap, and community support. At present, Dogecoin holds the title of the world’s biggest memecoin with a market cap of $18.32 billion, while Shiba Inu follows closely behind with a valuation of $11.55 billion. Despite the close competition, Dogecoin boasts a slightly larger following on its official X account with 3.98 million followers compared to Shiba Inu’s 3.88 million followers.
In conclusion, the Battle of the MEME Dogs launched by Binance presents an exciting opportunity for cryptocurrency enthusiasts to participate in a friendly competition between two popular memecoins, Shiba Inu and Dogecoin. With $100,000 in token vouchers up for grabs, participants can join either Team Shiba or Team Doge and earn points by completing various tasks during the two-week contest. This competition not only adds to the rivalry between the two assets but also highlights the growing interest in memecoins among the crypto community. As the debate between Shiba Inu and Dogecoin continues to heat up, participants and followers alike eagerly await the outcome of this unique memecoin duel.
