TON Foundation Launches MemeRepublic: A Transparent, On-Chain Arena for Memecoin Trading and Liquidity
TON Foundation launched MemeRepublic, a transparent, on-chain competition backed by a $1M fund to boost memecoin trading volume and liquidity.Summary
The TON Foundation has officially launched MemeRepublic, a new ecosystem designed for memecoin enthusiasts, traders, and liquidity providers, emphasizing complete transparency.
MemeRepublic is powered by a $1,000,000 Memecoin Fund, split evenly between $500,000 for direct memecoin purchases and $500,000 for follow-on liquidity provisioning across decentralized exchanges (DEXs). The competition aims to incentivize users to increase memecoin trading volume, recommending a 1% trading fee on liquidity pools to benefit liquidity providers, traders, and DEXs.
The platform operates on a fully on-chain framework, replacing traditional point systems with verifiable calculations and outcomes. A new public dashboard, developed with DeDust/x1000, provides real-time, on-chain data refreshed every five minutes, ensuring full visibility into activity and rewards. All token purchases and prize distributions are executed on-chain, with liquidity provisioning scheduled within one week of winner announcements.
(Source：BeInCrypto)