The TON Foundation has announced the launch of MemeRepublic, a new initiative designed to replace the Memelandia cultural center for meme coins and community tokens, which was introduced in April last year. Memelandia faced challenges such as complex and unclear rules, repeated reward claims, and outdated infrastructure, leading to its decline.
MemeRepublic aims to address these issues and will feature a $1 million fund to support the ecosystem. Over a 10-week period, the initiative will provide $50,000 in direct purchasing power and $50,000 in liquidity each week to the best-performing tokens.
TON Foundation Launches MemeRepublic to Replace Memelandia
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