2024

Foundation

Avalanche

Billion

Nexo

<a href="https://bitcoinworld.co.in/avalanche-foundation-announces-criteria-for-meme-coins-selection-for-its-100-million-culture-catalyst-program/" title="Avalanche Foundation Announces Criteria For Meme Coins Selection For Its $100 million Culture Catalyst Program" rel="nofollow"></a>
The Avalanche Foundation, the non-profit organization overseeing the development of the Avalanche network, has <a href="https://www.avax.network/blog/avalanche-foundation-eligibility-criteria-framework-for-community-coins">announced</a> the criteria for selecting meme coins to include in its $100 million Culture Catalyst Program.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The Avalanche Foundation recognizes the importance of fostering and supporting community initiatives on Avalanche, including the creativity and culture of community coins. 
 The Foundation has reserved a portion of the Culture Catalyst program to include community coins, doing so… 
 — Avalanche <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@avax) <a href="https://twitter.com/avax/status/1749764445658882430?ref_src=twsrc%5Etfw">January 23, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The criteria aim to identify tokens that demonstrate stability, growth potential, and a commitment to fair practices. 
According to the Foundation, eligible meme coins must meet several requirements, including a “fair launch” with no tokens reserved for the founders and a low supply concentration among crypto whales.&nbsp; 
The purpose of these criteria is to ensure that the Foundation invests in community coins that align with its values and promote a healthy and sustainable ecosystem. 
Meme coins, often launched around internet memes or recent events, have gained popularity in the cryptocurrency market.&nbsp; 
However, they are often criticized for their lack of utility and speculative nature.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/cryptocurrency-lender-nexo-takes-3-billion-arbitration-claim-against-bulgaria/" aria-label="“Cryptocurrency Lender Nexo Takes $3 Billion Arbitration Claim Against Bulgaria” (Edit)">Cryptocurrency Lender Nexo Takes $3 Billion Arbitration Claim Against Bulgaria</a> 
The Avalanche Foundation believes that meme coins can contribute to “community value,” “culture,” and “engagement” and has classified them under the broader category of “community coins.” 
To be considered for Avalanche’s investment, community coins must have at least 2,000 unique holders and a fully diluted market cap of at least $1 million.&nbsp; 
Additionally, the top 100 owners cannot collectively hold more than 60% of the total supply.&nbsp; 
The project should also average $100,000 of daily trading volume across two Avalanche decentralized exchanges for at least two weeks and possess at least $200,000 in total liquidity with a minimum of 50 liquidity providers. 
The Avalanche Foundation has already deployed some capital into certain community coins as part of the program, but declined to specify which specific tokens were purchased.&nbsp; 
The Foundation has over $90 million worth of undeployed assets available for the Culture Catalyst program. 
The post <a href="https://bitcoinworld.co.in/avalanche-foundation-announces-criteria-for-meme-coins-selection-for-its-100-million-culture-catalyst-program/">Avalanche Foundation Announces Criteria For Meme Coins Selection For Its $100 million Culture Catalyst Program</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Avalanche Foundation Announces Criteria For Meme Coins Selection For Its $100 million Culture Catalyst Program

ItsBitcoinWorld

2024년 1월 25일에 게재된 다른 기사

Polygon overtakes Bitcoin in user growth: will MATIC price react?

Analyzing market recovery potential: NuggetRush, Solana, and Cosmos in focus

GBTC profit-taking almost concluded, JPMorgan says

Bitcoin Payment Market to Surge to $4.8 Trillion By 2032: Report

Synthetix Debuts Perpetuals Protocol on Base, Aims to Revitalize SNX Prices

Ripple Fights Back Against SEC Over Financial Disclosures in Ongoing XRP Lawsuit

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!