10 months ago
55 ARTICLE AD
The new rules prioritize fairness, security, stability, market presence, and community engagement.
The Avalanche Foundation announced today a detailed buying policy that meme coin projects must meet to qualify for its Culture Catalyst program. By establishing transparent guidelines, the Foundation aims to promote the development of authentic community-driven projects on the Avalanche blockchain.
To be eligible, meme coins must demonstrate fair launches that prevent unfair advantages and ensure community ownership. Projects should implement anti-sniping measures like whitelists to provide genuine community members with a fair chance at participation.
Meme projects must also adhere to best security practices including audits, verified contracts, and community due diligence to ensure a secure and trustworthy user environment.
Additionally, the Foundation set concrete benchmarks for quantitative criteria, including:
A minimum of 2,000 unique token holders, with the top 100 holders, excluding centralized exchanges and holding less than 60% of the total supply. More than $200,000 in liquidity. 50 or more liquidity providers. A minimum lifespan of one month. A market cap above $1 million. An average daily trading volume of at least $100,000 on Avalanche DEXes for at least two weeks.With the new guidelines and requirements, the Avalanche Foundation wants to encourage the development of projects that not only entertain but also foster a sense of community belonging, and engagement. Moreover, it also aims to promote a diverse and inclusive ecosystem.
Launched last year, the Foundation’s Culture Catalyst program is designed to support initiatives, including meme coins, NFTs, and other tokens created that focus on cultural engagement and community building.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
