It will be possible to launch memcoins in the TON ecosystem

The Open Network team decided that they would fight stereotypes. To achieve this, the project introduced Memelandia, which will allow the creation of memcoins in the TON ecosystem.

Institutional investors don't like meme coins, so these projects don't often gain recognition and strong support. TON developers do not agree with this situation.

Memcoins reached TON

TON command Launches a cultural hub for memecoins and community tokens called Memelandia. It will be part of The Open League initiative, in which the project wants to attract five million new users to the ecosystem through a reward system.

According to the announcement, developers who want to create their own memecoin projects will be able to do so on TON. At the same time, coding skills will not be required to launch a “meme” coin. You can develop a token using existing open source templates.

Once development is complete, the creators will be able to decide whether to conduct an honest launch or take the pre-sale route. Later, developers will be able to experiment with airdrops.

In addition, the creators of memcoin projects will also have the opportunity to create a mini-application in the Telegram messenger. According to the TON team, this will give the token more utility.

“Now is the time to start developing your community using Telegram’s viral mechanics and TON tools, such as TON Raffles or TonUP,” the developers added.

Why is this necessary?

The main reason for creating such an initiative was the desire to help projects that deserve attention, but cannot achieve it due to certain factors.

In particular, “meme” coins are often not recognized by institutional players. This is precisely what prevents them from gaining access to new capital or significant support, unlike classic cryptocurrencies.

As an example of the potential of memcoin projects, the TON team cited the viral Web3 application Notcoin. In just a few months, the blockchain game attracted almost 30 million users. In addition, she also managed to activate an audience that is usually not very keen on distributed ledger technology.

The native coin of the TON ecosystem barely reacted to the news. According to CoinGecko, over the past 24 hours, the price of Toncoin (TON) has dropped by 12% to $6.25. The decline triggered a decline in the broader crypto market, largely due to geopolitical factors.

Good time for TON

Lately, TON has been developing at a rapid pace. Thus, in early April, The Open Network project entered into a partnership with the artificial intelligence (AI) protocol HumanCode. As part of the cooperation, the platforms will implement a palm-based identity verification mechanism in Telegram. Against this background, Toncoin set a new all-time high.

Prior to this, the messenger integrated payments into TON, which also had a positive effect on the price dynamics of the asset. Content creators will begin to receive 50% of the revenue from advertising placed on their channels. To achieve this, Telegram has introduced a new type of advertisements that can be purchased in Toncoin.

Source: Cryptocurrency

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