The Avalanche Foundation, a backer of the Avalanche blockchain network, has revealed the first five meme coins included in its “community coins holdings” campaign.
Incorporating meme coins such as Coq Inu, Gecko, Kimbo, NoChill, and Tech into its portfolio helps the Foundation’s Culture Catalyst program, which aims to promote artists in the web3 ecosystem.
The Foundation highlighted that each community currency it owns must meet defined qualifying standards to ensure compliance with Avalanche and fair Web3 policies.
This meticulous selection process demonstrates the Foundation’s dedication to supporting projects with deep roots in the Avalanche ecosystem while also promoting ethical norms within the larger web3 community.
These principles include equitable launch methods, resistance to sniping bots, strong security measures, a large holding base, low ownership concentration, enough liquidity support, and established thresholds for longevity, market size, and trading volume.
These comprise a minimum of 2,000 distinct holdings, with the top 100 holders (excluding centralized exchanges) accounting for less than 60% of the overall supply.
The project should also have at least $200,000 in liquidity, supported by 50 or more liquidity suppliers, unless a significant portion of that liquidity has been renounced or burned.
