What is Memecoin Mountain? The Memecoin Mountain is a four-week competition of TON memecoin communities competing to showcase their best performance for the chance to win big airdrops and other prizes. Memecoin mountain is comprised of two leagues: Major(>$1M) and Minor Leagues ($250k < x < $1M). Mittens will either participate in the minor or major league, depending on our market cap next week. When will the competition begin and how long will it last? The memecoin mountain competition will begin the last week of October (next week), and will last four weeks. How are the results calculated? The rank of each memecoin in the leaderboard depends: - Trading volume and market cap: Trading volume compared to the market cap. - Holder growth & diamond hands: Tracking the change in holders over time and the proportion of wallets that hold the token continuously. - Community engagement: Measuring the community engagement of the memecoin project on Twitter. How is the reward pool distributed? There will be three types of prizes for the winning memecoins: - Community airdrops - Liquidity injection into the token pool on a DEX (Minor League only) - Marketing prizes: KOL boost (Major League only) and Telegram Ads credits. How to get an airdrop? The Major League's top 3 memecoin communities and the Minor League's top 2 memecoin communities will be rewarded with airdrops. To receive an airdrop, community members are encouraged to hold and actively trade participating memecoins and promote them on social media to increase their social engagement scores. How will the team work to onboard new holders? The team have waited for such an opportunity to come, and have saved up marketing funds that will be used during the competition. During the competition, Mittens will: - Collab with some very influential Chinese KOLs to spread Mittens to Asia -Collab with other Ton projects and engage the community through different competition - Run ads in high volume periods on Dex, Telegram, some chinese crypto sites and much more - Increase our daily raids - Participate in lots of spaces - Generate more good content Etc Mittens will make some big announcements during the competition period, so stay tuned👀 How can each community member contribute for Mittens to win? The team will do its part, but most is up to the community. So what can you do for Mittens to win? There are lots of things: - Buy more mittens - Hodl - Tweet about mittens and otherwise spread the word. Every tweet about mittens will be raided. - Engage with our raids - Create more content for us if you can Etc etc