Meme2Earn has surpassed US $10,000 in rewards from the Meme of the Day contest, a community-oriented campaign that launched in Nov. 2022. The funds for Meme of the Day rewards are donated by project sponsors, including nDapp.org (Tuesdays), COZ (Wednesdays), and GhostMarket (Fridays).
Meme2Earn is a platform that allows users to submit meme content and receive NEP-17 TIPS tokens in return. Other users can upvote content using TIPS tokens, with 60% going to the creator, 20% burnt, and 20% sent to the Boomer Fund. The Boomer Fund is a single-sided staking feature that allows users to stake NEP-17 TIPS tokens and earn yield (in TIPS) from fees derived from the use of the Meme2Earn platform. Likewise, users can spend TIPS to downvote meme content submissions. However, the meme creator does not receive any of these tokens as rewards, as 80% are burnt, and 20% are sent to the Boomer Fund.
The Meme of the Day contest asks users to create a new meme that follows current trends and topics, except for Thursdays and Sundays.
On Thursdays, the Meme2Earn team will burn an amount of TIPS equivalent to the amount used to upvote on the site that day. And on Sundays, the Meme2Earn team will choose one meme to post on its official Twitter account. Users must still Tweet their meme to qualify.
On Mondays, Tuesdays, Wednesdays, Fridays, and Saturdays, four winners will each earn an equivalent of US $21 in TIPS tokens. Rewards are distributed every two weeks.
The full announcement can be found at the link below:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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