Official Announcement of Avalanche Protocol Sets Standard for Meme Coin Collection, Reveals Commencement of Meme Coin Purchases
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Avalanche Protocol Meme Coin Collection Project
Avalanche Protocol Announces Selection Criteria
Principles of Fair Distribution
Protection against Bots
Security
How to Get Avalanche to Buy Meme Coins?
Avalanche Protocol Meme Coin Collection Project
In late December of last year, the Avalanche Foundation announced through the Culture Catalyst program that it would purchase selected meme coins on the Avalanche chain to collect and recognize the culture and fun symbolized by meme coins.
The Foundation emphasized that in addition to well-known categories of cryptocurrencies such as Gas tokens, DeFi, NFTs, stablecoins, governance tokens, and Real World Assets (RWA), meme coins also hold an important position in the crypto field.
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Avalanche Foundation Launches Meme Coin Collection Project, Buys Selected Meme Coins to Promote On-chain Culture
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Avalanche Protocol Announces Selection Criteria
The selection criteria of the Avalanche Protocol lean towards being strict, and many meme coins that have experienced significant growth in the past year may not qualify.
Principles of Fair Distribution
The team does not retain token allocations.
Initial liquidity needs to be destroyed or locked.
The issuer relinquishes ownership of community token contracts.
Anti-whale measures, such as limiting the purchase amount per address.
Protection against Bots
To reduce the risk of initial token issuance being targeted by bots, the Avalanche Protocol encourages token developers to obtain whitelist access through the following criteria:
Ownership of Avvy domain (.avax).
Holding a certain amount of AVAX.
Holding recognized Avalanche NFTs.
Recent interactions with Avalanche subnets and dApps.
Security
Contracts must undergo audits.
The creator’s address must pass due diligence.
Deployment on tools like DexScreener without any doubts.
How to Get Avalanche to Buy Meme Coins?
At the end of the announcement, Avalanche officially revealed the specific numbers (standards) for them to buy meme coins:
Number of holders: At least 2,000 unique holders.
Concentration: The top 100 holders (excluding centralized exchanges) hold no more than 60% of the total supply.
Liquidity: A total liquidity of at least $200,000 or equivalent.
Liquidity providers: At least 50 liquidity providers.
Project lifespan: The project must have existed for at least one month.
Market capitalization: Fully diluted market cap of at least $1 million.
Daily trading volume: On the Avalanche DEX, with an average daily trading volume of at least $100,000, sustained for at least two weeks.
Avalanche officials have revealed to external media outlet Unchained that they have started purchasing meme coins, but they have not specified the currency or the specific investment amount.
Avalanche
AVAX
Meme coins
Avalanche Protocol
Further Reading
Avalanche Foundation Launches Meme Coin Collection Project, Buys Selected Meme Coins to Promote On-chain Culture
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