The TON Foundation has officially launched “MemeRepublic”. This is a new competition designed to bring structure and transparency to the chaotic memecoin market. The project seeks to reform the TON memecoin ecosystem. The 10-week initiative is backed by a $1 million fund.
The $1 million fund will be split into two parts. $500,000 will be allocated for direct memecoin purchases by the foundation. The other $500,000 will be used for liquidity provisioning (LP). One winning token will be awarded each week with $100,000 ($50,000 in purchases and $50,000 in DEX liquidity). Additionally, a 1% trading fee will be applied to create a self-sustaining cycle.
Can this initiative clean up the reputation of memecoins?
MemeRepublic will function as a public, on-chain leaderboard. It will rank memecoins based on real, measurable metrics. These include trading volume, liquidity, and holder count. Likewise, a dashboard will update data every 5 minutes, ensuring full transparency.
To qualify, projects must meet technical and community standards. They are required to have locked liquidity and pools on approved DEXs. On the other hand, tokens that use bots or manipulate volume will be instantly disqualified. The Foundation aims to professionalize a sector often seen as speculative and plagued by scams.
This initiative seeks to redefine memecoins as “community-driven digital assets.” The goal is to align entertainment with economic value in Web3. By anchoring success to verifiable metrics on the blockchain, TON hopes to create a healthier and more sustainable TON memecoin ecosystem.
