What is Memecoin Mountain?

Memecoin Mountain is a four-week competition designed for TON memecoin communities to demonstrate their best performance and earn significant airdrops along with other prizes. Each memecoin’s performance is tracked on a leaderboard, which takes into account various metrics such as trading volume, market cap, holder growth, and community engagement. Based on their market capitalization, memecoins are classified into Major and Minor Leagues.

Who Can Participate?

To participate in Memecoin Mountain, memecoins must meet the following criteria:

• Listed on CoinGecko: Must be recognized as a TON memecoin.
• Market Cap: Must exceed $250,000.
• Trading Volume: Should have an average daily trading volume of over $5,000 for the week prior to applying.
• Unique Token Holders: Must have more than 1,000 unique token holders.
• Fair Launch: The token must be launched in a fair manner.

Applicants will be divided into the Major League (market cap over $1 million) and the Minor League (market cap between $250,000 and $1 million).

How Are the Results Calculated?

The leaderboard ranking for memecoins is based on a variety of on-chain and off-chain metrics:

• Trading Volume and Market Cap: Assessing trading activity and comparing trading volume against market cap.
• Holder Growth & Diamond Hands: Tracking the increase in holders and the percentage of wallets that continuously hold the token.
• Community Engagement: Evaluating off-chain engagement, particularly on platforms like Twitter.

For detailed calculations, you can check the leaderboard formula here: [link to the formula].

How Is the Reward Pool Distributed?

There are three main types of rewards for winning memecoins:

1. Community Airdrops
2. Liquidity Injection (only for Minor League): This includes adding liquidity to the token pool on a decentralized exchange.
3. Marketing Prizes: Major League winners will receive benefits such as KOL boosts and Telegram Ads credits.

The reward pool is milestone-based, increasing as the total trading volume of participating memecoins grows:

• $200 million in total trading volume: $150,000 in rewards
• $400 million: $250,000
• $600 million: $400,000
• $800 million: $500,000

Airdrops will also be given to holders, active traders, and promoters with high social engagement scores, while marketing prizes are allocated regardless of trading volume.

How to Apply?

To participate, memecoin communities should apply through TON Research in the “Memecoin Mountain” subcategory. The application process includes:

1. Visiting the Memecoin Mountain section on TON Research.
2. Creating a new topic in the Memecoin Mountain subcategory.
3. Filling out the application form with all relevant details about the memecoin.

The team will review submissions, and successful candidates will be invited to join the TON Memelandia GANG (a private chat for TON memecoins) and will be added to the leaderboard.

Applications will close seven days before the competition concludes.

Disclaimer & Support

The details of the competition may change at any time. For any registration issues, please reach out to @tonmemelandia2024 on Telegram.

For further information, you can check the official announcements or updates related to Memecoin Mountain!