In a bid to inject optimism into the sluggishly performing meme coin sector, TON Foundation recently revealed Memelandia, aiming to drive institutional players into the world of meme coins. In a recent statement by the TON Foundation, the crypto organization stated, “Meme coins appear to have a bad rep among institutional players and rarely receive any support or acknowledgment.” Aiming to tackle this stigma, The Open Network (TON) for everyone unveiled its hub, Memelandia, on Tuesday, April 15.

TON’s Memelandia: A Closer Look

According to the TON Foundation’s official announcement, Memelandia is a central hub for meme coins and community tokens, with its core being the spirit that drives the Web3 revolution. Within the Memelandia ecosystem, selected communities can participate in ‘The Open League’ competitive event, battling for rewards and the ‘honor of being the top meme coin and community token on TON.’

This initiative by the TON Foundation underscores the firm’s commitment to aid projects that lack traditional use cases acknowledged by institutional players.

A similar project by the TON Foundation, Notcoin, was initially disregarded within the crypto community, having ‘no use.’ However, Notcoin emerged as a pioneering adoption channel for Web3, with its branches reaching 30 million users. In today’s era, Notcoin stands out as one of the most popular Web3 games, which continues to cement the organization’s vision.

Simultaneously, within Memelandia, projects are meticulously ranked on the basis of crucial metrics such as TVL, holder count, DEX trading activity, and airdrop distribution. This offers invaluable insights to enthusiasts and investors alike.

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TON Facilitates Meme Coin Launching

Following the TON Foundation’s landmark announcement, users were assured that “launching a meme coin on TON would now be more accessible than ever, requiring no coding expertise.” Further, the firm added that anyone can effortlessly design and mint projects using a range of user-friendly options, ranging from no-code solutions and open-source templates to bespoke creations tailored to one’s expertise.

Once the process concludes, it’s up to the user to decide whether to conduct a fair launch or go with the pre-sale saga. Subsequently, users can also experiment with airdrops and utility features, even crafting Telegram Mini Apps to enhance user engagement.

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The post TON Foundation Launches Memelandia To Drive Institutions into Meme Coins appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am