Memes are the ultimate attention economy, and right now TON is capturing the most attention in the on-chain world. Compared to Solana, memes on TON are still in the early stages. The Open League rankings are a must-watch for beginners just getting into the TON meme scene.
What is The Open League?
Imagine a bustling arena where the best projects within the TON ecosystem come together to showcase their prowess, compete for massive rewards, and drive the network’s growth. Welcome to The Open League (TOL) – the ultimate battleground for innovation, performance, and community engagement on The Open Network.
Importance of The Open League
The Open League plays a crucial role in the TON ecosystem for several reasons:
- Incentivizes Excellence: TOL pushes projects to go beyond their limits, offering financial rewards and fame to those who excel.
- Promotes Fair Play: With stringent rules and a transparent review process, TOL ensures every project has a fair shot at glory.
- Fosters Growth: By driving innovation, TOL helps expand the TON network, bringing in new users and applications.
- Encourages Transparency: The meticulous review of all metrics by the TOL Committee ensures that only genuine efforts are rewarded.
Token Battle Metrics Explained
To crown the champions in the Token Battle, projects are evaluated by The Open League based on three main metrics: TVL change, price change, and new holders. Here’s a closer look at how these metrics are calculated and why they matter:
1. TVL Delta (30% Weight)
- What It Measures: The average daily change in Total Value Locked (TVL) in pools with TON and other supported tokens.
- How It’s Calculated: TVL is averaged daily and compared to a base value (average TVL of the last seven days before the season starts). This gives a picture of the project’s liquidity growth over the season.
- Why It Matters: High TVL indicates strong user trust and engagement, essential for a project’s stability and attractiveness.
2. New Holders (40% Weight)
- What It Measures: The number of new token holders who did not have the project’s token at the season’s start.
- How It’s Calculated: Only holders with tokens worth at least 1 TON are counted.
- Why It Matters: A growing number of new holders shows expanding adoption and community interest, critical for long-term success.
3. Price Change (30% Weight)
- What It Measures: The percentage change in the token’s price, adjusted for TVL.
- How It’s Calculated: The formula is: ((current price - snapshot price) / snapshot price) * sqrt(TVL / 1M TON).
- Why It Matters: Price change reflects market sentiment and perceived value, indicating how well the project is received in the market.
This Final Score formula ensures that projects are fairly evaluated based on their liquidity growth, market performance, and user adoption, making it a legitimate and reliable metric for evaluating projects within the TON ecosystem. Projects must also meet stringent eligibility criteria to participate, ensuring that only serious and capable projects are considered (Criteria include TVL exceeding $100,000, a fully diluted valuation (FDV) of over $1 million, and more than 1,000 unique token holders).
For more info: the-open-league
Spotlight on the Top Performers
Let’s dive into the top contenders currently leading the pack in TOL:
- $NOT
- Reward: $160,000
- TVL Change: 266,300
- Price Change: 1%
- New Holders: 50,286
- Score: 76.495
- Analysis: $NOT has the highest TVL change and the largest number of new holders, indicating strong liquidity growth and community adoption. Despite a low price change, its overall score is the highest, making it the top contender.
- $JETTON
- Reward: $130,000
- TVL Change: 128,353
- Price Change: 16%
- New Holders: 384
- Score: 28.279
- Analysis: $JETTON shows significant TVL growth and a decent price change. However, the number of new holders is lower compared to other projects.
- Reward: $100,000
- TVL Change: 35,994
- Price Change: 63%
- New Holders: 791
- Score: 25.326
- Analysis: $TONG has a high price change and a good number of new holders, but its TVL change is relatively low. However, $TONG stands out for its unique position as a leading memecoin with a fair launch and strong community support.
While $NOT and $JETTON are already well-known and established in the TON ecosystem, the emergence of the “dark horse” $TONG signifies a new wave of potential. $TONG’s explosive price change of 63% highlights its rapid rise and strong market enthusiasm. With a significant number of new holders (791), $TONG is quickly building a loyal community.
Here are the key aspects that make $TONG noteworthy:
The Gem of TON: $TONG
- Fair Launch: $TONG is celebrated for its transparency and fairness. No team allocations, no free tokens – just a pure, community-driven launch with all liquidity pools burned, making $TONG a 100% fair launch project.
- Strong Community: The backbone of $TONG is its vibrant and dedicated community, driving its growth and success.
- Cultural Punch: In many Asian languages, “TONG” means “pain.” This meme cleverly satirizes the crypto world and memes within the TON ecosystem, giving it a unique cultural edge.
- Innovative Economics: All funds raised are injected into liquidity pools and then burned, ensuring a deflationary model and increasing scarcity.
Conclusion
The Open League is more than a competition – it’s a catalyst for innovation and growth in the TON ecosystem. Projects like $NOT, $JETTON, and $TONG are leading the charge, each bringing unique strengths to the table. Especially $TONG, with its fair launch and strong community, it is poised to become a lasting meme sensation in the TON universe, and a compelling project for long-term success.
Keep an eye on these frontrunners as they push the boundaries and set new benchmarks in the exciting world of TON. Dive deeper into their stories, explore their communities, and watch as they shape the future of the network. The Open League is where the magic happens, and you won’t want to miss it!
This article was translated by DetectiveTON. You can click here to view the original article.