If I said that by clicking on this post, you might get 800 USDT, would you still not look?
Siren's extravagant 20,000 USDT square writing contest, is it a marketing gimmick or just hot air?
Today, while browsing the platform square, I clearly felt a wave of Siren enthusiasm coming at me, with various related articles emerging like mushrooms after rain, each title more eye-catching than the last, making it hard to resist curiosity and wanting to click in for a closer look.
Upon deeper investigation, I found out that it was Siren who initiated the square writing contest, and the rewards are astonishingly generous. There are as many as 10 first prizes, with a bonus of up to 800 USDT, and even third prizes with 240 USDT. It’s worth noting that in the crypto space, many VC projects claiming to have invested hundreds of millions offer rewards for writing that are no better, so Siren's bold move has certainly attracted a lot of attention.
In the public's general perception, meme coins are like a gust of wind, coming quickly and leaving just as fast, often just a simple meme, with prices soaring instantly only to plummet back to zero. Most projects like this lack a reliable supporting team, and even if they do have one, the team might run away later, then euphemistically claim to hand it over to the community, not to mention hosting any writing contests to attract attention.
Regarding Siren’s $20,000 square writing contest, I initially thought like many others, whether these people had so much money that they didn't know how to spend it, thus coming up with such a 'money-burning' event. But upon careful reflection, I realized things are far from that simple.
From a marketing perspective, this writing contest is undoubtedly a successful plan. It’s like Siren shouting in the square to declare to everyone: “I am not like those ordinary meme coins, I have unique charm and strong strength, come get to know me!” This high-profile publicity method not only brings it closer to users, allowing them to feel Siren's friendliness and openness, but also showcases its financial strength and marketing prowess to the outside world. It seems to hint to the market: “I’m so generous even when giving away coins, what’s there to fear about having the funds to pump?”
