October 24th, 2024 -- TON Memelandia announced the launch of its Memecoin Battles, where traders, token creators, and memecoin communities will compete for a share of a potential $1,250,000 prize pool. The inaugural season will feature two high-stakes competitions — Cabal Arena and Memecoin Mountain — designed to test the skills and engagement of participants in the fast-growing world of memecoins.
Created by TON Community and supported by TON Foundation and TON Society, TON Memelandia allows communities to create, thrive, and battle using the power of Telegram’s messaging platform. The Memecoin Battles are set to run for four weeks, starting the week commencing October 28th, 2024. Applications are now open and will remain open until one week before the competition ends.
The Cabal Arena
In the Cabal Arena, teams — referred to as “Cabals” — will compete by deploying and trading memes, with the aim of achieving the highest profit and loss (PnL) and trading volume. The top 10 highest-ranked Cabals will share up to $750,000 in rewards, and to ensure there is fierce competition, some of the biggest market makers in the world of Web3 will be participating as “secret agents” to both provide mentorship and challenge the trading skills of the Cabals.
Those interested in entering the Cabal Arena battle can register here.
Memecoin Mountain
In this competition, memecoins will compete with one another based on important performance metrics such as trading volume, market capitalization, holder growth, and social engagement. Anticipated participation includes notable and popular tokens such as $DOGS, $REDO, $FISH, and $durev, as well as other potential contenders deploying on TON. Following the battle’s conclusion, the $500,000 milestone-based prize pool — which will be unlocked if the community achieves the highest trading volume milestone across both battles — will be distributed among the community's most engaged members.
Memecoins interested in participating can submit their applications through TONResearch.
“Building on the previous competitions we held during the Open League, these battles mark a major milestone in the evolution of memecoin trading,” said Alena Shmalko, Ecosystem Lead at TON Foundation. “By creating a competition that combines creativity and community, we’re providing an exciting platform where veteran traders, token creators, and passionate communities can come together to showcase their skills and engage in friendly, but fierce battles for big cash prizes. We’re really looking forward to seeing what our ecosystem can achieve when the stakes are this high.”
The Memecoin Battles present a unique chance for fans to demonstrate their skills, with the promise of generous airdrops, thrilling live competition, and significant rewards.
Key Competition Information:
- Applications are open now and close one week before the competitions end
- Competitions start the week commencing October 28th, 2024
- Cabal Arena participants must submit their entries here
- Memecoin Mountain participants must submit their entries via TONResearch