To celebrate the new year and the launch of Price Discovery Mode, we are running our second testnet campaign — the Ramen Max Bidding Challenge. Following the success of the Ramen Cookoff, the Ramen Max Bidding Challenge turns up the heat with a prize pool of 1,000,000 Gacha on Berachain Mainnet.
Gacha is the allocation points system that users can spend in lotteries to win allocation in Fixed Price Mode launches on Ramen. By winning Gacha, you stand to win more chances to win allocation tickets for Fixed Price launches on Berachain mainnet.
On January 6 2025, we’ll launch a mysterious testnet token ($BINGBONG) on Ramen’s Price Discovery Mode.
Your Challenge
Participate in the $BINGBONG token launch with Ramen’s new Price Discovery Mode and place your highest bid. The highest bidders will win an outsized portion of the 1,000,000 Gacha prize pool, so max-bid and send $BINGBONG to the moon.
$BINGBONG will launch with the following parameters:
- Max Token Supply: 10M $BINGBONG
- Tokens Offered: 5M $BINGBONG
- Minimum Bid Price: 0.025 $BERA per token
- Minimum Bid Size: 1000 $BINGBONG
Pro tip: You are encouraged to accumulate as much testnet $BERA as you can, so you can put your best bids for $BINGBONG.
What is Price Discovery?
Powered with Axis, Price Discovery Mode is a new way to launch tokens on Ramen, which uses a blind auction mechanism to determine a token’s fair market value. It prevents manipulation and frontrunning, ensuring transparent price discovery based purely on market demand. There are no personal allocation caps, allowing unrestricted participation.
If you are new to Price Discovery Mode, find out more in the docs here.
🏆 Win 1,000,000 Gacha on Mainnet
The total prize pool is 1,000,000 Gacha on Berachain Mainnet. If you are new to Gacha & how it works, please refer to our docs.
You’re encouraged to max bid and send $BINGBONG to the moon, so we are rewarding participants who place higher bids! 1,000,000 Gacha will be split among the winners in the following manner:
Wen?
The token launch will begin on January 6 2025, 2 PM UTC and end on January 9 2025, 2 PM UTC.
How to participate?
Accumulate $BERA before the competition starts. Please use the following faucets & stay safe when accumulating testnet $BERA.
Submit your sealed bids during the 3-day auction phase
Aim high — higher bids give you a better chance to win more Gacha!
If you have any question, hop into our community server and our helpful mods will be ready to assist.
Visit our website: https://ramen.finance/
Read more about Ramen: https://docs.ramen.finance/
Follow us on X: https://x.com/ramen_finance
Join us on Discord: discord.gg/ramenfinance
