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The Avalanche Foundation announced today that it will purchase Meme coins issued on the Avalanche platform through its Culture Catalyst program and establish a dedicated collection. It believes that Meme coins not only serve as practical assets but also represent the collective spirit of the crypto community. In addition, the Avalanche Foundation will choose Meme coins based on several key criteria.
In internet culture, memes are undoubtedly a core element, and similarly, in the cryptocurrency space, Meme coins play a significant role. Today, the Avalanche Foundation even announced on the X platform that, through the Culture Catalyst program launched last year with a budget of up to $100 million, it will buy Meme coins issued on the Avalanche platform and establish a dedicated collection to recognize and encourage the culture and fun represented by Meme coins.
The Avalanche Foundation points out that, in addition to some prominent categories of crypto assets such as Gas tokens, DeFi tokens, Real World Assets (RWAs), NFTs, stablecoins, and governance tokens, Meme coins have also found their place in the crypto asset field.
"These tokens, often inspired by internet culture and humor, are not just practical assets; they also represent the collective spirit and common interests of the crypto community."
By acquiring Meme coins, the Avalanche Foundation further emphasizes its commitment to ongoing participation in the Avalanche ecosystem, including NFTs, RWAs, and other types of crypto assets, expanding its portfolio to cover more comprehensive possibilities.
However, not all Meme coins issued on Avalanche will be included in the foundation's collection. The selection process for this collection is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, adherence to fair launch principles, and overall community sentiment. |
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Post time 5-1-2024 19:28:06