Top Memecoin Project in Cabal Arena of TON Memelandia Reaches $100M Market Cap

Memelandia, a decentralized hub aimed to grow its meme coin environment,  introduced by the Open Network (TON). This initiative makes use of TON’s Telegram integration to boost meme activity on the platform.

Additionally, TON Memelandia announced the start of its Memecoin Battles, in which memecoin communities, token developers, and traders would vie for a piece of the potential $1,250,000 prize pool. Two high-stakes contests, Cabal Arena and Memecoin Mountain, will be part of the first season. Their purpose is to evaluate players’ abilities and level of involvement in the rapidly expanding memecoin market.

The four-week Memecoin Battles are scheduled to begin the week of October 28, 2024. Applications will be accepted until one week before to the competition’s conclusion.

TON claims that Memelandia is a decentralized space that fosters innovation, competition, and success for meme coin communities. Because of the fervor of cryptocurrency degens, it provides a special setting for the growth of meme tokens.

Memelandia offers a number of important platforms that promote cooperation and rivalry among fans of meme coins. Launchpad Lair is one such platform that allows token deployers to introduce new meme coins. Meme battles between communities, creators, and merchants take place in other locations, such Meme Mountain and Cabal Arena. The Lagoon of Digital Resistance, Memecoin Armory, and Community Forest are more platforms.

Communities vie to grow their meme coin on Memelandia, which boosts decentralized exchange (DEX) listings, volume, market capitalization, and engagement. Airdrops and other incentives are given to communities who do well. Additionally, the platform will showcase tools for creators and traders, such as launchpads and trading bots. It will also encourage community involvement and provide marketing assistance to spread awareness of meme tokens beyond TON.

The Cabal Arena

Teams, known as “Cabals,” will compete in the Cabal Arena by trading and deploying memes in an effort to achieve the largest trading volume and profit and loss (PnL). Up to $750,000 in rewards will be distributed to the top 10 Cabals, and some of the largest market makers in Web3 will be taking part as “secret agents” to test the Cabals’ trading prowess and provide mentoring in order to guarantee intense competition.

Memecoin Mountain

Memecoins will compete with each other in this competition according to key performance indicators such market capitalization, holder growth, trading volume, and social engagement. Notable and well-known tokens including $DOGS, $REDO, $FISH, and $durev are expected to participate, along with additional possible candidates launching on TON. The most active members of the community will get a portion of the $500,000 milestone-based reward pool when the fight is over. This pool will be unlocked if the community reaches the greatest trading volume milestone in both battles.

Remarkable Feat

One of the best-performing projects in the Cabal Arena has reached an impressive $100 million market cap in only 11 days, which is a record for meme coins established on TON’s memepad. This is a fantastic milestone for TON Memelandia. Notably, last week NikolAI TONcoin was already identified as a top performer. Backed by DWF Labs, this meme coin was one of the first to be introduced on TONPump, and its quick rise demonstrates the intense competition and interaction that propel TON’s meme coin ecosystem. This significant achievement demonstrates the possibility for large profits as well as the vibrant community that TON Memelandia cultivates via its own, decentralized competitions.

With the promise of substantial rewards, exciting live competition, and huge airdrops, the Memecoin Battles offer fans a one-of-a-kind opportunity to showcase their skills.