Summary:

We propose the introduction of trading competitions on THENA ARENA for BabyDoge users. These competitions will allow users to compete in decentralized trading contests where the highest profit and loss (P&L) performers win a prize in BabyDoge tokens.

Proposal Details:

The community is invited to vote on whether we should initiate trading competitions on THENA ARENA and, if so, determine the size of the prize pool. The options for the prize pool are as follows:

1. No trading competitions
2. $500 prize pool in $BABYDOGE
3. $1,000 prize pool in $BABYDOGE
4. $2,500 prize pool in $BABYDOGE
5. $5,000 prize pool in $BABYDOGE + $5,000 match from THENA (mix of $BNB, $USDT, and $THE). Total prize pool = $10,000, and BabyDoge will be included in the official launch campaign of ARENA sponsored by BNB chain

Context and Benefits:

• Engagement and Trading Volumes: Trading competitions can significantly increase engagement and trading volume for the BabyDoge token on THENA ARENA, benefiting the community by creating more active participation and more volumes.
• Growth Hacking: These competitions serve as a growth hacking tool, boosting user acquisition and retention rates by creating excitement and competitive spirit among traders.
• SocialFi and GameFi Elements: Participants can enjoy a gamified trading experience with social features like event promotions, notifications, and customizable profiles, enhancing user experience.

Competition Mechanics:

• Entry and Participation: Users can enter by paying an entry fee, which contributes to the prize pool. The competitions will have predefined start and end times, and participants will trade specific tokens within this period.
• Prize Distribution: The prize pool will be distributed among the top performers, with the host having the option to keep up to 25% of the pool.

Voting Options:

1. No Trading Competitions: Reject the proposal to introduce trading competitions.
2. $500 Prize Pool: Approve the introduction with a $500 prize pool.
3. $1,000 Prize Pool: Approve the introduction with a $1,000 prize pool.
4. $2,500 Prize Pool: Approve the introduction with a $2,500 prize pool.
5. $5,000 Prize Pool: Approve the introduction with a $5,000 prize pool.

Call to Action:

We encourage all BabyDoge holders to participate in this vote to help decide on this exciting new initiative.

Voting Instructions:

To vote, connect your wallet here on Snapshot and choose your preferred option from the listed choices. Your vote is essential to guide the future engagement strategies for the BabyDoge community.

By engaging in these competitions, we can foster a more vibrant and dynamic trading environment that benefits all BabyDoge token holders.