📰 Table Of Contents
Avalanche Foundation’s $100M Meme Coin Fund
The Avalanche Foundation has recently launched a $100 million fund to support meme coins and other community coins, aiming to promote culture and engagement within the Avalanche ecosystem.
The Importance of Meme Coins
As per the Foundation’s statement, meme coins are considered to have high community value due to the culture, engagement, and community spirit they bring, which goes beyond their humor and virality.
Culture Catalyst Program
The Foundation’s Culture Catalyst program will deploy capital into select meme coins that meet specific eligibility criteria. This initiative aims to embrace creativity, culture, and camaraderie in the blockchain space.
Eligibility Criteria Framework
The Foundation has set strict eligibility criteria for meme coin projects seeking funding. These criteria include factors such as fair launch, security measures, liquidity provisioning, and native existence on the Avalanche blockchain.
Eligibility Criteria for Meme Coin Fund
- Fairly Launched: No team allocations, renounced contract ownership, locked liquidity, purchase limits to prevent whale abuse
- Snipe Bot Resistant: Whitelist opportunities for active Avalanche community members
- Secure: Verified contracts, audits, community vetting of creators, use of tools like DexScreener
- High Holder Count: At least 2,000 unique holders
- Low Concentration: Top 100 holders owning less than 60% supply
- Broad Liquidity Provisioning: Large, locked liquidity pools at launch
- High Liquidity: At least $200,000 in liquidity
- Liquidity Providers: 50+ providers unless liquidity is renounced/burned
- Minimum Lifespan: In existence for at least one month
- Minimum Market Cap: At least $1 million fully diluted market cap
- Daily Trading Volume: Average of at least $100,000 daily volume for 2 weeks
- Native to Avalanche: Only exists on the Avalanche blockchain
Ongoing Support and Impact
The Avalanche Foundation plans to continue funding meme coin projects on an ongoing basis, aiming to accelerate the development of a strong culture and community on its blockchain. This ongoing support reflects Avalanche’s commitment to nurturing viral meme coins and community tokens exhibiting staying power.
By offering incentives for projects to build on the ecosystem, the Foundation’s meme coin fund is expected to boost Avalanche’s competitiveness in the decentralized finance (DeFi) space.
With $100 million committed, the organization aims to strengthen the Avalanche community by strategically supporting meme coins and community tokens, ultimately contributing to the growth and development of the ecosystem.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
