The Avalanche Foundation, a supporter of the Avalanche blockchain network, has unveiled the inaugural five coins featured in its “community coins holdings” initiative.
Incorporating meme coins like Coq Inu, Gecko, Kimbo, NoChill, and Tech into its portfolio supports the Foundation’s Culture Catalyst program, which seeks to nurture creators within the web3 ecosystem.
The Foundation emphasized that each community coin it holds must meet established eligibility criteria, ensuring alignment with Avalanche and principles of fair Web3 practices.
This careful selection process underscores the Foundation’s commitment to supporting projects deeply rooted in the Avalanche ecosystem while promoting ethical standards within the broader web3 community.
These standards encompass equitable launch practices, resilience against sniping bots, robust security measures, a substantial holder base, minimal ownership concentration, sufficient liquidity support, and set thresholds for lifespan, market capitalization, and trading volume.
These include having a minimum of 2,000 unique holders, with the top 100 holders (excluding centralized exchanges) owning less than 60% of the total supply.
The project should also boast liquidity of at least $200,000, supported by 50 or more liquidity providers unless a significant portion of liquidity has been renounced or burned.
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