MemeRepublic Week 1 Breakdown: UTYA Takes the Lead as TON’s On-Chain Competition Evolves
UTYA won the first week of TON's MemeRepublic competition, which also saw rapid formula adjustments based on community feedback.Summary
The first week of TON's MemeRepublic on-chain competition concluded with UTYA taking the top spot across all metrics, earning a $100,000 reward. The competition served as a stress test, leading to immediate community-driven changes in the scoring formula. The original formula, based on liquidity, market cap, and volume, was replaced by Formula 2.0, which now incorporates Price Growth and Active Trading Wallets to reward organic performance and genuine user activity over manufactured volume. Other strong contenders included DOGS and REDO, which have distinct community missions related to the Telegram ecosystem. Furthermore, TON Foundation standardized a 1% trading fee across participating DEXs to improve liquidity and balance risk. The initial week validated MemeRepublic's adaptive approach, proving TON Foundation's willingness to listen to feedback and evolve the competition structure, suggesting a dynamic future for the TON meme coin arena.
(Source：BeInCrypto)