Announcing the Meme Season Competition: Win Up to 10 Million sFTMx in Prizes!

Introduction to Meme Season

We’re excited to announce Meme Season, a dynamic and engaging competition designed to spotlight the top memecoins on Opera and the upcoming Sonic chain. Meme Season aims to attract new users and developers, offering them the chance to experience our cutting-edge technology.

With a total prize pool of up to 10 million sFTMx, both teams and memecoin holders can benefit from their participation and come together as a community to compete for the top spot.

Competition Details

Meme Season will unfold in multiple rounds, with the first round running from June 1–June 30. This round features a prize pool of up to 1 million sFTMx (liquid staked FTM through Beethoven X).

Competition Guidelines

A memecoin’s position on the leaderboard is determined by its market cap, gas usage, and trading volume, using the following formula:

• Market Cap
• Gas Usage
• Trading Volume

For example, a memecoin with a $1 million market cap, 10,000 FTM in gas used, and 100,000 FTM in DEX volume will score 518,500 points. Note that volume on centralized exchanges or networks outside of Opera is not considered.

Each round’s prizes are based on these points; the higher a memecoin scores, the higher its position on the leaderboard. The top 3 memecoins at the end of each round will be the winners.

Rewards Distribution

In each round, 80% of the prize is awarded to the holders of the top 3 winning memecoin projects, distributed based on their holdings. The remaining 20% goes to the teams behind these top 3 memecoins. For the first round, the prize allocation will be as follows:

• Winner 1: 600k sFTMx (480k to holders and 120k to team)
• Winner 2: 300k sFTMx (240k to holders and 60k to team)
• Winner 3: 100k sFTMx (80k to holders and 20k to team)

To be eligible, memecoin holders must have at least $25 worth of the token, calculated at a 3-day average after the round. Exclusions apply to LPs, auto-compounders, vesting tokens, tokens held inside contracts, and certain wallet types.

Users or token creators with over $10,000 worth of sFTMx winnings must email [email protected] to confirm wallet ownership and complete KYC requirements. Those with under $10,000 will receive their winnings via airdrop within 14 days of round completion. Terms and conditions apply to all distributions.

How to Get Your Memecoin Added to MemeMonitor

The Meme Season Monitor is the official leaderboard that tracks each memecoin’s position in the competition. To participate, a token must meet the following criteria:

• Complete the application form, available at the start of each round on the leaderboard.
• Verify contract and ownership renounced.
• Be listed on CoinGecko and DEX Screener.
• Have a minimum $1 million USD market cap for a rolling 3-day average.
• Maintain primary liquidity in Uniswap V2-style pools (x * y = k).
• For tokens launched before this announcement, liquidity must be burned or locked for a minimum of 180 days.
• For tokens launched after this announcement, liquidity must be sent to the Sonic Community Council or locked for a minimum of 180 days.
• Must not be a governance, tax, DEX-emission, or mintable token.

For the first round, the decentralized exchanges on Opera where liquidity can be supplied include:

• Equalizer Exchange
• SpiritSwap
• SpookySwap
• Beethoven X (50/50 pools only)
• Sushi
• Velocimeter
• WigoSwap
• Degen Express
• Memebox
• Solidly

For future rounds, additional decentralized exchanges may be added upon request to [email protected].

Note that a memecoin cannot win more than two consecutive rounds. For instance, if a memecoin wins the first two rounds, it cannot win the third round but can compete again in the fourth round. If there are insufficient projects meeting the criteria, the market cap requirement will be lowered to $500k USD for a rolling 3-day average.