Posted 1/23/2024, 12:00:00 PM
Avalanche Foundation Sets Standards for Investing in Meme Coins, Embracing Community Coins
- Avalanche Foundation releasing rules for buying meme coins - criteria include no team allocations, on Avalanche blockchain, creators renounced ownership
- Won't buy tokens hoarded by whales, not scrutinized by security firms, or launched without whitelists
- Minimum criteria by 2024 2k+ holders, top 100 own <60%, $200k+ liquidity, $1M+ market cap
- Also need $100k+ avg daily trading volume for 2 weeks, 1+ month since launch
- Foundation embracing "community coins" like meme coins, NFTs for culture and engagement