What is Memecoin Mountain?
The Battle on Meme 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. Performances are monitored on the leaderboard and ranked based on a criteria including trading volume, market cap, diamond hands, holder growth, community engagement. Depending on the market capitalization, tokens will be divided into the Major and Minor Leagues.
Who can participate?
Memecoins willing to join the battle and appear on the leaderboard will need to comply with the following criteria:
Be listed on CoinGecko as a
TON Meme coin.. If you applied for listing, use the form on
https://ton.org/en/memelandia to accelerate the process.
Market cap > $250,000
Average Daily Trading Volume > $5,000 during seven days prior to the application time.
Unique Token Holders > 1,000
Have a fair launch
Depending on their Market Cap by the time of applying, applicants will be split into the Major (>$1M) and Minor Leagues ($250k < x < $1M).
π₯Memecoins that originated from the Cabal Arena battle and meet the entry criteria are invited to join Memecoin Mountain.
Traders and whales can actively trade memecoins to receive an airdrop at the season's end.
Key opinion leaders are welcome to promote the participating memecoins on their social media to earn a higher social score for the upcoming airdrop and trade memes with their community to increase their final reward further.
How are the results calculated?
The rank of each memecoin in the leaderboard depends on a comprehensive set of on and off-chain metrics:
Trading volume and market cap: How much trading activity and recurrent trading activity the memecoins can generate within a season. And how their trading volume compares to the circulating 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 off-chain community engagement of the memecoin project on Twitter.
More details and formulas can be found here:
https://hackmd.io/@barsiketh/meme-mountain
