Avalanche officially announced the official collection guidelines for Meme coins and revealed that it has started purchasing operations

The Avalanche Protocol Foundation announced at the end of December last year that it would purchase selected Meme coins on the Avalanche chain through the Culture Catalyst program to support and promote the cultural and entertainment value represented by Meme coins. .

The foundation emphasized at the time that in addition to well-known crypto asset classes such as Gas tokens, DeFi, NFTs, stablecoins, governance tokens and real world assets (RWA), Meme coins also occupy an important position in the crypto field.

Avalanche Protocol Announces Selection Criteria

The standards of Avalanche Protocol are strict, and many Meme coins that have skyrocketed in the past year are likely to be ineligible.

Fair issuance principle

• The team does not reserve token distribution.

• Initial liquidity needs to be destroyed or locked.

• The issuer gives up ownership of the community token contract.

• Anti-whale measures: such as limiting the purchase amount of a single address.

Resist bots

In order to reduce the risk of bots attacking the initial issuance of tokens, Avalanche Protocol encourages token developers to use the following standards as a whitelist acquisition mechanism:

• Holds the Avvy domain name (.avax).

• Hold a certain amount of AVAX.

• Hold approved Avalanche NFT.

• Have recently interacted with Avalanche subnets and dApps.

Security

• Contracts must be audited.

• The address of the contract creator needs to pass due diligence.

• Needs to be deployed on DexScreener and other tools without any doubts.

How can I get Avalanche to buy Meme coins?

Avalanche officials announced the specific number of Meme coins they purchased at the end of the announcement (standard):

• 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: Minimum of $200,000 or equivalent total liquidity.

• Liquidity Providers: There are at least 50 liquidity providers.

• Project life: The project has existed for at least one month.

• Market value: Fully diluted market value reaches more than US$1 million.

• Daily trading volume: On Avalanche Chain’s DEX, the average daily trading volume reaches $100,000, lasting at least two weeks.

Avalanche officials revealed to foreign media Unchained that they have started to purchase Meme coins, but did not specify the currency or specific investment amount.

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