Siren Spreads 20,000 USDT Plaza Essay Contest, What’s the Intent?
Today, you may have noticed a sudden influx of articles about Siren in the plaza, with all sorts of strange titles to attract your clicks.
The reason is that Siren has launched a plaza essay contest with very high rewards. The first prize has 10 winners with a reward of up to 800 USDT, and the third prize also offers 240 USDT, which is not at all inferior to those VC projects with investments in the hundreds of millions.
The impression of the Shitcoin Meme currency is just a meme, quickly leading to zero. There are rarely teams left, or the teams have fled, cloaking it as community takeover, and they certainly don't organize any essay contests.
Speaking of the recent $20,000 plaza essay contest organized by Siren, my first reaction was: Are these guys just burning money? But upon reflection, this move is not simple!
The essay contest is like Siren shouting in the plaza: "Hey, I’m not an ordinary Meme coin, come see how awesome I am, I have strong financial backing!"
It not only brings them closer to users but also shows off their strength.
It’s as if they are hinting: "If they are so generous with distributing tokens, they must have money to pump the price, right?"
Spending this $20,000 is worth it, the promotion is in place, the community is lively, and it can also filter out some "loyal fans"; it’s truly killing three birds with one stone. Siren’s operation this time is indeed impressive!
In the end, consensus has been reached, and the position of the AI leader on the BNB Chain is secure.
(This article is an essay for the plaza activity)
