Kraken launches memecoins contest: Win $12,000 in tokens over 12 days
Kraken’s contest will run from December 9-20
Kraken, one of the leading cryptocurrency exchanges, has launched a festive memecoin-themed contest called “12 Days of Mememas.”
The event offers participants the opportunity to win a total of $12,000 in memecoin prizes distributed over 12 days. This creative initiative, which highlights the popularity of memecoins within the crypto community, aims to boost engagement and reward traders during the holiday season.
Kraken’s contest, which will run from December 9-20, 2024, will include will feature daily opportunities for participants to win tokens from various memecoins.
The event is part of Kraken’s broader effort to tap into the growing appeal of lighthearted yet volatile digital assets such as Dogecoin (DOGE), Shiba Inu (SHIB), and others. Memecoins, originally popularized through internet culture, have become a significant sector within the cryptocurrency market.
How to participate and win
Kraken’s “12 Days of Mememas” contest is designed to be accessible for all crypto enthusiasts. Each day, participants can engage in tasks, challenges, or campaigns outlined by the exchange. Winners will be rewarded with token prizes, adding up to a cumulative prize pool of $12,000.
Kraken plans to give away a total of $1,000 in one token each day - $500 each to two lucky winners. From December 9 through December 20, a new token will be chosen. This is a great chance to get on the next rocket ship, start a position in a popular meme or maybe even gift cryptocurrency to a friend or family member.
How to join the Mememas contest:
1. Create an account and verify to Intermediate or Pro level.
2. Sign up for @krakenfx and @krakenpro's X accounts.
3. Reply to @krakenfx X post with a meme that becomes the token of the day.
4. Fill out the Google form to enter the prize draw.
The Mememas contest not only promotes excitement among Kraken users but also provides an opportunity to explore and trade memecoins through Kraken’s platform. As memecoins remain a polarizing yet highly engaging segment of the crypto industry, initiatives like this appeal to traders looking to participate in smaller, community-driven digital assets.
Tapping into the memecoin trend
The “12 Days of Mememas” campaign underscores Kraken’s efforts to align itself with crypto trends that resonate strongly with retail investors. Memecoins, often driven by social media and online communities, have proven capable of generating significant market interest, sometimes leading to substantial price rallies.
Kraken’s contest may encourage greater trading activity on its platform while offering exposure to a variety of memecoins. Traders and enthusiasts alike will be watching closely to see which tokens feature in the prize pool and whether the contest sparks broader interest in the memecoin market during the festive period.
Read also: Kraken secures multiple wins at Customer Centricity World Series Competition.
