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High crypto alternate Huobi has introduced a buying and selling contest, which it tags “Elon-Promoted Meme Tokens Buying and selling Contests.”
The cryptocurrencies on the middle of the buying and selling contest are Dogecoin (DOGE), Pepe (PEPE), Milady Meme Coin (LADYS), Floki (FLOKI) and ArbDoge AI (AIDOGE).
Winners within the contest will be capable to partake in a $25,000 prize pool, with the occasion working from Might 15 to Might 22.
There are three occasions to the competition: first, buying and selling in relevant future merchandise and assembly the laid-down standards; second, winners of the primary occasion who have interaction in spot buying and selling with the listed tokens and obtain a set buying and selling quantity could be eligible to partake in a 5,000 USDT prize pool.
Third, through the occasion, customers who register and attain a buying and selling quantity of over 5,000 USDT within the listed tokens could be eligible to get a 100% rebate of their buying and selling charges based mostly on their buying and selling quantity rankings.
Elon Musk: “Dogefather” and love for memes
Popularly known as the “dogefather” within the Dogecoin neighborhood, Tesla CEO Elon Musk has lengthy been considered a powerful supporter of Dogecoin.
Tesla already accepts Dogecoin for a few of its merchandise, and Musk reiterated this yr that he’ll eat a McDonald’s Glad Meal on the TV if the quick meals chain accepts funds in Dogecoin.
Pushed by his love for memes, Musk has made some tweets that the crypto neighborhood took to be an indirect reference to a couple cryptocurrencies. In contrast to Dogecoin, Musk has circuitously acknowledged these tokens.
Earlier this month, costs of the controversial Milady’s NFT assortment elevated after Musk tweeted an image of a Milady NFT with the phrases “There is no such thing as a meme, I like you.”
Extra just lately, Elon Musk shared a “Pepe the Frog” meme, which led to a quick rise within the worth of the meme coin PEPE.
FLOKI noticed a powerful rise on the yr’s begin after Elon Musk posted a meme involving his canine Floki posing because the Twitter boss.