PANews reported on November 1st that the TON Foundation announced the launch of MemeRepublic to replace Memelandia, the cultural hub for Meme Coin and community tokens launched last year. The TON Foundation stated that Memelandia gradually lost community trust due to issues such as system abuse, unclear bonus distribution, and infrastructure failures. The newly launched MemeRepublic addresses these problems while providing a $1 million fund, offering $50,000 in direct purchasing power and $50,000 in liquidity to the top-performing token each week for 10 weeks, with purchases executed at random times each week.
The TON Foundation launched MemeRepublic to replace the cultural center Memelandia.
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