{"id":4227,"date":"2024-01-25T09:43:42","date_gmt":"2024-01-25T09:43:42","guid":{"rendered":"https:\/\/stoneblock.hr\/?p=4227"},"modified":"2024-01-25T09:43:42","modified_gmt":"2024-01-25T09:43:42","slug":"avalanche-foundation-introduces-meme-coin-eligibility-framework","status":"publish","type":"post","link":"https:\/\/stoneblock.hr\/hr\/avalanche-foundation-introduces-meme-coin-eligibility-framework\/","title":{"rendered":"AVALANCHE FOUNDATION INTRODUCES MEME COIN ELIGIBILITY FRAMEWORK\u00a0"},"content":{"rendered":"<p>The Avalanche Foundation has introduced an eligibility framework for meme coins, which outlines criteria for potential support by the platform.<\/p>\n\n\n\n<p>Meme coins, NFTs, and similar tokens created by the community for cultural expression and interaction are categorized as &#8220;community coins&#8221; by the Avalanche Foundation. To qualify for support from the foundation, creators of these often highly volatile crypto assets must adhere to specific criteria outlined in the eligibility framework.<\/p>\n\n\n\n<p>The Avalanche Foundation has initiated the purchase of certain meme coins through its $100 million &#8220;Culture Catalyst&#8221; initiative, aimed at cultural projects. The eligibility criteria are designed to identify community coin projects that demonstrate stability, growth potential, and a commitment to fair practices within the industry.<\/p>\n\n\n\n<p><strong>To ensure a fair launch, community coins must:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Renounce ownership, burn, or lock initial liquidity.<\/li>\n\n\n\n<li>Implement measures against snipe bots, such as providing a head start or whitelist opportunities for genuine community members.<\/li>\n\n\n\n<li>Have verified contracts, undergo audits, and engage in community due diligence.<\/li>\n\n\n\n<li>Maintain a broad holder count and low whale concentration.<\/li>\n\n\n\n<li>Employ liquidity provisioning and management measures.<\/li>\n\n\n\n<li>Additionally, specific requirements include a minimum lifespan, market cap, daily trading volume, and native integration into the Avalanche ecosystem. These criteria serve as a framework for developers to align with the foundation&#8217;s values and contribute to a secure and robust ecosystem.<\/li>\n<\/ul>\n\n\n\n<p><strong>As of January 2024, the eligibility criteria for community coins include:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Holder Count: A minimum of 2,000 unique holders.<\/li>\n\n\n\n<li>Concentration: The top 100 token holders (excluding centralized exchanges) collectively own less than 60% of the total supply.<\/li>\n\n\n\n<li>Liquidity: Maintaining a total liquidity value of at least $200,000 or equivalent.<\/li>\n\n\n\n<li>Liquidity Providers: Enlisting 50 or more liquidity providers unless a significant portion of liquidity has been renounced or burned.<\/li>\n\n\n\n<li>Lifespan: A minimum existence period of one month.<\/li>\n\n\n\n<li>Market Cap: A fully diluted market capitalization of $1 million or more.<\/li>\n\n\n\n<li>Daily Trading Volume: An average daily trading volume of at least $100,000 on Avalanche ecosystem decentralized exchanges for a consecutive two-week period.<\/li>\n<\/ol>\n\n\n\n<p>These criteria aim to ensure the stability, transparency, and growth of meme coins within the Avalanche ecosystem.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Avalanche Foundation has introduced an eligibility framework for meme coins, which outlines criteria for potential support by the platform.<\/p>","protected":false},"author":1,"featured_media":4228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[44,42],"class_list":["post-4227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-nft"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4227"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4227\/revisions"}],"predecessor-version":[{"id":4229,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4227\/revisions\/4229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4228"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}