TON Foundation launches MemeRepublic to replace Memelandia
Foresight News reported that the TON Foundation has launched MemeRepublic to replace Memelandia, the cultural hub for meme coins and community tokens introduced in April last year. According to the TON Foundation, Memelandia declined due to issues such as complex and unclear rules, repeated reward claims, and outdated infrastructure.
The newly launched MemeRepublic not only addresses the aforementioned issues but will also provide a $1 million fund, offering $50,000 in direct purchasing power and $50,000 in liquidity each week for the best-performing token over a 10-week period. MemeRepublic will determine the best-performing token each week based on a series of on-chain metrics.
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