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05/19/2023

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DYOR Contest — Battle of the Meme Coins

Thursday May 18 11:00 EST to Thursday June 4 11:00 EST

DYOR Contest — Battle of the Meme Coins

Meme Coins have been exploding lately on Cardano and our DEXs are seeing volume we have never seen before. Some meme coins claim to be just for fun, some claim to bring users and liquidity to Cardano, some claim to be evolving into something more than a regular meme coin. So we want to host a research contest

We will be running this contest in order to achieve the following goals:

  • To increase awareness of DYOR Tool & Audit Ocean, and encourage the community to use it
  • To encourage the community to research things BEFORE investing
  • To improve our peer review and fact checking skills
  • To increase dialogue and discussion around research that is being performed by the community

Note — This is not an endorsement to buy meme coins. More often than not they are best to be avoided. But for people who understand the risks and want to participate, we want to encourage researching them first.

Rules

  • You must use the DYOR Tool for the report you submit (Dapp Version). https://dyortool.io/
  • May 18 to May 28 is to submit reports.
  • May 28 to June 4 is to debate/discuss the reports and vote for the winner. Anyone is free to discuss or debate during week 1 if reports are available.
  • All reports will be viewed/hosted/discussed on https://auditocean.com/ Just search the project name and it will be under the community section.
  • The voting will take place on Summon https://app.summonplatform.io/ May 28 to June 4 and we will be using $AUDIT for the voting (1 AUDIT = 1 vote). Policy ID — f2fe9aafd2e5b3b00e2949a96d44a84d9f4d818d63945010a466a4ae.
  • Team will not be voting with team allocation so that voting is fair.
  • Only proposals that are submitted during the first-week window will qualify.
  • We will notify all winners shortly after the contest ends and request a wallet address to send the tokens to.

Prizes

· The highest voted report will receive 20,000 AUDIT Tokens and 300 ADA

· The 2nd highest voted report will receive 10,000 AUDIT tokens and 100 ADA

· The 3rd highest voted report will receive 5,000 AUDIT tokens and 50 ADA

· The highest voted post will earn 5,000 AUDIT tokens each and 50 ADA

  • For any ties, the prizes will be split amongst the people who tied.

Disclaimer

  • The information in this article and contest is produced for educational and informational purposes only and is not intended to be used as a financial promotion. No information, data, or analysis presented are intended to form the basis of any investment decision. This is not investment advice, solicitation of any kind nor an endorsement. Nothing in this document should be construed as an offer or inducement to engage in any form of investing activity.

Want to learn more?

Find out more about Smart Contract Audit Token via:

Twitter

Website

GitHub

Reddit

Discord

DYORTool

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ORIGINAL SOURCE

https://medium.com/@scatdao/dyor-contest...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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