On October 16, Matchain and its ecosystem partner Moonwhales launched a 20-day Meme project trading competition, with a daily cash prize of 500 USDT.
Some community users have shared that with an actual investment of only 10 USDT, they were able to receive 60 USDT in rewards, a return rate as high as 500%. There are also users who had an actual cost of 2 USDT and received 10USDT in rewards, and if they were lucky enough to win the random draw, they could potentially receive an additional 10USDT reward, achieving a return of 500%-1000%.
MoonWhales Competition Rewards
Users can use OKX, MetaMask, Bitget, TP or INTO wallets to connect to the https://www.moonwhales.xyz platform, select the token of the Meme project to start trading, and a minimum daily trading volume of 10 USDT (the sum of buy and sell) is considered valid.
There are three types of rewards for participating in the competition, with 500 USDT awarded daily over a 20-day period. The reward methods are as follows:
1. For qualified traders (over 10 USDT), 10 users will be randomly selected to receive 10 USDT each.
2. The top 10 traders by trading volume will share an additional 200 USDT reward, with the 1st place receiving 60USDT, 2nd place 40USDT, 3rd place 30USDT, and 4th-10th places 10USDT each.
3. If a purchased project experiences a significant price surge, an additional 200 USDT will be shared among the users who bought that project.
Trading Competition Strategy
1. Persist daily: Trade at least $10 per day (e.g., buy 5USDT + sell 5USDT = 10 USDT), and meet the cumulative trading volume of 10 USDT to be eligible for the daily random draw, with the selected users receiving 10 USDT.
2. Increase trading amount or volume, as the top 10 traders by volume will receive an additional 200 USDT reward.
The top 10 traders by trading volume will share an additional 200 USDT reward, with the 1st place receiving 60USDT, 2nd place 40USDT, 3rd place 30USDT, and 4th-10th places 10USDT each.
Ranking query link:
The trading competition ranking as of October 17 is used as an example:
The user in first place with a cumulative trading volume of 667USDT will receive an additional 60 USDT reward. In fact, this user's cost was only 10 USDT, or even "0" cost, and they still received an additional 60 USDT reward.
For example, user A invested 0.3 BNB and traded the MDOG token (the trade was made using BNB, with a value of about 180 USDT, but be sure not to use up all the BNB, as BNB is needed for gas fees when selling).
The cumulative trading volume for one round of buying and selling would be: 180 USDT buy + 180 USDT sell = 360 USDT. If the user trades back and forth twice, the cumulative trading volume would be 360 x 2 = 720 USDT, which would be enough to reach the top of the trading ranking and receive an additional 60 USDT reward.
Cost Calculation: Since both rounds of trading involve buying and selling MDOG tokens, and the market is relatively stable, the gas fees or slippage costs for the two transactions may only be around 1-10U. If MDOG experiences an increase, the user can not only obtain the profit from the price increase but also receive the USDT reward.
User B started with 0.04BNB (about 24USDT) and traded back and forth about 15 times in around two minutes, accumulating a trading volume of approximately 230 USDT, which placed them in the top 10 ranking. In the end, they had 0.036 BNB left, with an actual trading cost of about $2.5 and a 10 USDT reward. There are also users who, due to the price increase of the tokens, have effectively achieved zero-cost USDT rewards from the competition.
3. Diversify your trading: Explore different tokens on the MoonWhales platform, as you may be able to receive additional bonus rewards from "surging" projects that are listed on DEX platforms, with 200 USDT to be shared among the users.
For example, if a user purchases a certain Meme project token that experiences a significant price increase and is listed on a DEX platform today, they will share the 200 USDT reward for the day.
Risk Management and Meme Token Reference
On the MoonWhales platform, anyone can issue Meme projects, and the quality and prospects of these projects may vary. Therefore, when trading, participants should fully understand the relevant rules and market conditions to avoid blind following. At the same time, allocate funds reasonably to ensure that while pursuing high returns, they can also bear potential losses.
Currently, the two Meme projects with relatively strong consensus on MoonWhales are:
1. MATDOG
The MATDOG token, with the ticker MDOG, is the first Meme project of MoonWhales and the first Meme token to be listed on the Matchain ecosystem DEX exchange. It has strong community consensus and liquidity, and is also supported by the official, with a current market capitalization of $13,000.
If the market capitalization were to increase to $1.3 million, it would represent a 100-fold increase; if it were to reach $13 million, it would be a 1,000-fold increase; and if it were to reach $130 million, it would be a 10,000-fold increase.
2. FounderMode
The FounderMode token, with the ticker FoMo, is a Meme project established by a third-party community and is currently the second project to be listed on the DEX, with a market capitalization of about $37,000. It may have good growth potential when the Meme hype picks up.
3. More high-quality Meme projects will be gradually listed in the future, and any community with cultural attributes and dreams can launch Meme projects on the MoonWhales.xyz platform to promote the development of the Meme ecosystem culture.
About the Meme Coin Issuance Platform
As of October 18 this year, the Meme track still occupies a large part of the crypto market's hot spots, with newly launched Meme tokens like GOAT surging 1000-fold in 5 hours and reaching a market capitalization of over $300 million, dominating much of the crypto market's news headlines.
This year, the Meme coin track has entered a new stage - mass token issuance. Since April 18, the daily number of tokens issued on the Solana chain has exceeded 10,000, and the Base chain has maintained over 2,000 new trading pairs per day. The main reason behind the surge in token issuance is the explosive growth of one-click token issuance tools represented by Pump.fun.
Pump.fun is a Meme coin issuance tool and community platform for the Solana chain. It allows users to deploy and issue tokens with virtually no development experience and at an extremely low cost of 0.02 SOL. From its launch in January 2024 to May, Pump.fun's cumulative revenue has exceeded $100 million.
Meme coins on Pump.fun, such as Michi, have seen at least 100-fold increases, rising from around $0.007 to a peak of $0.8. Other projects like Shark Cat, EPIK, and FWOG have also achieved remarkable price surges in a short period of time, attracting the attention of many investors.
SunPump Meme launch platform, TRON founder Justin Sun launched the first fair launch Meme coin platform supporting the TRON ecosystem on August 12, making it convenient for users to issue Meme coins with one click in the TRON ecosystem. On the SunPump platform, users can issue their own Meme coins at a lower cost and a more simplified process, which greatly reduces the issuance threshold and attracts many users with creativity and ideas to participate.
After the launch of the SunPump platform, Meme projects such as SUNCAT, SUNWUKONG, DRGN, and IVFUN have emerged, achieving hundreds of times the increase.
The on-chain analysis platform Arkham Intelligence revealed in an X post on August 20 that the trader with the address "TT4S5" made a profit of $20.6 million in 6 days. The trader bought 104.33 million SUNDOG tokens for $16,900. After the price rose sharply, the trader's holdings in 7 wallets have expanded to $19.52 million. This is enough to prove the huge wealth effect of grasping opportunities in Meme coins.
Moon Whales Meme launch platform
As Matchain's Meme project launch platform, users only need a small amount of BNB (Matchain chain BNB) to conveniently issue community-exclusive Meme projects.
Recently, Matchain has teamed up with Moonwhales to launch a 20-day Meme project trading competition event, with USDT cash rewards distributed to traders on a daily basis.
It can be seen that Matchain and Moonwhales will vigorously implement marketing measures to promote the development of the Meme ecosystem, which will be a major opportunity for Matchain ecosystem community users, and may be able to breed Meme projects with hundreds or even thousands of times the returns from Moonwhales.
