TON Memelandia has announced the launch of two memecoin competitions featuring a substantial reward pool of $1,250,000. These competitions aim to harness the growing interest in memecoins within the TON ecosystem, which benefits from access to nearly 1 billion Telegram users. The initiative seeks to support the growth of memecoin projects by creating a competitive environment that attracts both seasoned traders and newcomers.
The two competitions, Cabal Arena and Memecoin Mountain, are designed to stimulate trading volume, liquidity, and the successful launch of new memecoins. These events will commence in the last week of October and run for four weeks.
Cabal Arena
The Cabal Arena is a competitive battlefield where teams, known as Cabals, consisting of memecoin producers and traders, vie for significant prizes. Each Cabal can have up to 100 members and is led by a strong leader who manages up to four memecoins on whitelisted bonding curve launchpads. The top performers in this arena stand a chance to win from a reward pool of $750,000.
Participants in the Cabal Arena include token producers, traders, and professional market makers. The competition is structured to encourage high performance, with market makers setting benchmarks that teams can aspire to surpass. If a team outperforms a market maker’s benchmark, their prize will be doubled, adding an extra layer of motivation.
Performance in the Cabal Arena is measured through a scoring system that considers trading volumes, market capitalization, and other metrics. The final prize pool distribution depends on milestones related to the total trading volume of all memecoins launched during the competition.
Memecoin Mountain
Memecoin Mountain is a four-week competition where TON memecoin communities compete based on metrics such as trading volume, market cap, and community engagement. The competition is divided into Major and Minor Leagues, depending on the market capitalization of the participating memecoins.
The top-performing memecoins will receive rewards from a $500,000 prize pool, which includes community airdrops, liquidity injections, and marketing prizes. The competition aims to foster community engagement and the sustainable growth of memecoin projects within the TON ecosystem.
For more detailed information about the competitions, visit the official announcement here.
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