The Avalanche Foundation Announces Requirements for Meme Coins in Purchasing Program


The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has recently unveiled the criteria for meme coins to participate in its active purchasing program. With the aim of providing clarity and transparency, the foundation has outlined specific requirements related to holder count, concentration, liquidity, liquidity providers, lifespan, and market cap. The foundation also mentioned that it continues to consider new projects on an ongoing basis.

Requirements for Eligibility

In order for a meme coin project to be considered for the Avalanche Foundation's purchasing program, it must meet several criteria:

1. Holder Count and Concentration

The project must have a minimum of 2,000 unique holders, ensuring a broad distribution of the token. Additionally, the top 100 token holders should collectively hold less than 60% of the total token supply. These requirements aim to prevent a small group of individuals from having excessive control over the project.

2. Liquidity

The meme coin project should have a liquidity value of at least $200,000. Furthermore, it should have 50 or more liquidity providers, unless a significant portion of the liquidity has been burned. Adequate liquidity ensures that the token can be easily bought and sold in the market.

3. Native Existence on AVAX Chain

The meme token should exclusively exist as part of the AVAX chain. This requirement ensures compatibility and seamless integration within the Avalanche ecosystem.

4. Market Cap and Trading Volume

The meme coin should have a fully diluted market cap exceeding $1 million. Additionally, it should have a trading volume of more than $100,000 in AVAX decentralized exchanges for a minimum of two weeks. These indicators demonstrate the token's market activity and potential for growth.

The Significance of Meme Coins

The Avalanche Foundation acknowledges that meme coins hold significant community value due to the engagement, community spirit, and culture they foster. Beyond their humor and viral nature, meme coins often create a sense of belonging and shared identity among their holders.

Additional Criteria

While meeting the aforementioned requirements is essential, it does not guarantee automatic investment from the foundation. The Avalanche Foundation reserves the right to utilize additional criteria to select meme coins for their Culture Catalyst program. The decision-making process remains at the foundation's sole discretion.

Share Your Thoughts

What are your thoughts on the requirements imposed by the Avalanche Foundation for meme coins to be eligible for their purchasing program? Feel free to share your opinions in the comments section below.


How To

Guidelines for Gold Roth IRA

You should start investing early to ensure you have enough money for retirement. It is best to start saving for retirement as soon you can (typically at age 50). It is essential to save enough money each year in order to maintain a steady growth rate.

Additionally, tax-free opportunities like a traditional 401k or SEP IRA are available. These savings vehicles allow you to make contributions without paying taxes on earnings until they are withdrawn from the account. These savings vehicles can be a great option for individuals who don't qualify for employer matching funds.

Savings should be done consistently and regularly over time. You'll miss out on any potential tax benefits if you're not contributing the maximum amount allowed.


By: Sergio Goschenko
Title: The Avalanche Foundation Announces Requirements for Meme Coins in Purchasing Program
Sourced From:
Published Date: Thu, 25 Jan 2024 22:30:36 +0000

Recent Posts
Latest Featured Posts
Latest News Posts