Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program

The Avalanche Foundation, a non-profit enactment seeking to enactment the avalanche ecosystem, has announced the rules covering its already progressive meme coin purchasing program. The instauration has defined the holder count, concentration, liquidity, liquidity providers, lifespan, and marketplace headdress requirements that these projects request to fulfill to get selected and informed much projects are being considered connected an ongoing basis.

Avalanche Announces Meme Coin Purchasing Framework

The Avalanche Foundation, a non-profit entity that supports initiatives connected the Avalanche ecosystem, has announced the requirements to put successful meme coins utilizing the $100 cardinal Culture Catalyst money launched successful 2022. The instauration had antecedently reported connected the acquisition of these tokens but had not specified the conditions these meme coins should fulfill to beryllium eligible for this purchasing plan.

For immoderate meme coin task to beryllium eligible for these purchases, it indispensable person astatine slightest 2,000 unsocial holders, and the apical 100 token holders should clasp little than 60% of the full supply. In addition, the task should person a liquidity of astatine slightest $200,000 and 50 oregon much liquidity providers unless astir of the liquidity has been burned.

Also, the meme token should natively beryllium lone arsenic portion of the AVAX concatenation and should person a afloat diluted marketplace headdress of implicit $1 million, with a trading measurement of much than $100,000 successful AVAX decentralized changes for astatine slightest 2 weeks.

The instauration remarked connected the value of this benignant of tokens, stressing they “generally person precocious assemblage worth due to the fact that of the engagement, assemblage spirit, and civilization that they engender, which goes beyond the wit and virality that they embody.”

Nonetheless, it explained that adjacent if a meme coin fulfills each of these requirements, it does not mean that it volition put successful it automatically and volition usage further criteria for this task. “The Foundation reserves the close to find which coins to see successful the Culture Catalyst programme successful its sole discretion,” it concluded.

What bash you deliberation astir the requirements imposed that meme coins request to fulfill to beryllium eligible for the Avalanche Foundation meme coin purchasing program? Tell america successful the comments conception below.