Four.meme Launches the MEME Oscars Event

The event is pretty much, as it sounds, about the culture of meme. In fact, the platform has even said in the official blog post that the primary goal of hosting the event is fostering the meme culture.

Four.meme has announced the launch of the MEME Oscars event, an initiative dedicated to fostering the meme culture within the crypto space. Participants are invited to showcase their creativity by creating memes on Four.meme and registering them on the Dorahacks Oscars page within the specified time frame.

Winners of the event will be rewarded with a share of the prize pool, which includes 1 million Four.meme points and $20,000 in meme tokens. The awards will be distributed among the victors in each category.

The official blog post highlights seven categories for the awards: Best Meme, Best Community, Best Trade, Most Popular Meme, Most Educational Meme, Most Creative Meme, and Most Impactful Meme.

Interested participants can register for the event at any time. Registration begins on August 14, 2024, at 12:00 PM GMT+8 and concludes on September 6, 2024. Guest judges for the event include NBA star Thompson, In2Ventures founder Bili, and representatives from the FOUR team.

The event will conclude with the announcement of the final winners on September 13, 2024, following the selection of nominees from September 6 to 9 and the final round of voting.

Each category will have five nominees, and the final winner will be determined by a combination of public votes (50%) and a judging panel (50%). Fans will have the opportunity to view the memes before casting their votes.

The criteria for each category vary. For example, the Best Meme award will be determined based on 50% DEX volume and 50% market value, while the Best Trade award will be judged on 60% DEX volume and 40% gas consumption.

To be eligible for nomination, projects must be initiated on PancakeSwap and meet specific market capitalization requirements.

The scores for nominees, public votes, and the committee will be out of 100 and will be combined using the following formula to determine the final winner score:

Final Winner Score = Nominee Score + (Public Vote Score * 50%) + (Committee Score * 50%)

Four.meme is a MEME platform powered by BNB Chain, and this event marks another significant initiative within the BNB ecosystem. Chain had previously announced Meme Innovation Battle Round 3—Birth of MEME Heroes, an event aimed at supporting the growth of meme coins and the broader meme segment.

Four.meme, Myshell, FLAP, and Burve will be hosting the event, and BNB Chain has allocated a prize pool of $150,000 for this endeavor.