The Open Network team decided to combat stereotypes by introducing Memelandia, a platform that allows the creation of memecoins within the TON ecosystem. Institutional investors often dislike memecoins, leading to a lack of recognition and strong support for such projects. However, the TON team of developers disagrees with this situation. Meanwhile, a new player is making waves in the market. Specifically, KangaMoon (KANG), a new memecoin, has garnered global attention with impressive presale statistics and the introduction of an innovative hybrid feature. This places KangaMoon among the best cryptocurrencies to buy in 2024.
Memcoins Reached TON
The TON team is launching 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.
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, “memecoins” 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 memecoin 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 coinmarketcap, over the past 24 hours the price of Toncoin (TON) went up by 2.5% to $6.38. However, the price was declining during the last few days. The fall 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.
KangaMoon (KANG): Memecoin Rides the Presale Wave
This brings us to KangaMoon (KANG), a memecoin project that has taken off with a bang since the start of its token presale. In the fifth presale phase, the project has exceeded the initial presale target of $4.9M and is heading to $6M by the end of April.
This amazing performance has sparked curiosity among traders and crypto enthusiasts worldwide, eager for its launch and the innovative features it promises to bring to the crypto ecosystem. Notably, KangaMoon intricately melds SocialFi and GameFi’s Play-to-Earn concept to develop a “Kangaverse” – an immersive, interactive and rewarding gaming ecosystem for users and crypto traders.
The P2E functionality in KangaMoon
This functionality is empowering as players collect KANG tokens and other rewards through battle contests, periodic challenges and speculative predictions. Besides that, players will earn the game native token and branded characters along with other premium in-game items, which they will be able to trade on a specific marketplace. On the other hand, the KANG price which was $0.005 and has increased to $0.0196 in presale has delivered up to 290% ROI for early buyers.
The milestones are the evidence of the KangaMoon’s diligence in achieving its users’ financial freedom. Furthermore, the project has a growing community of more than 20 thousand registered members with a token holder base of about 6 thousand people. In the long-term, they believe that the multiplier effect might reach about 20x by the end of the year, which is an indication of the coin’s strength in the market.
