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The Avalanche protocol announces official meme coin listing standards, revealing that they have started buying meme coins.

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The Avalanche protocol announces official meme coin listing standards, revealing that they have started buying meme coins.

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Avalanche Protocol Meme Coin Collection Project

In late December last year, the Avalanche Foundation announced that through the Culture Catalyst program, they would be purchasing selected meme coins on the Avalanche chain for collection, as a way to recognize and encourage the culture and fun symbolized by meme coins.

The foundation emphasized that in addition to well-known cryptocurrency asset categories such as Gas tokens, DeFi, NFTs, stablecoins, governance tokens, and real-world assets (RWA), meme coins also play an important role in the crypto space.

The Avalanche Foundation launches a meme coin collection project to purchase selected meme coins to promote on-chain culture

Avalanche Protocol Announces Selection Criteria

The selection criteria set by the Avalanche Protocol lean towards being strict, meaning many meme coins that experienced massive growth in the past year may not qualify.

Fair Distribution Principles

  • Team did not retain token distribution.

  • Initial liquidity needs to be burned or locked.

  • Issuer relinquished ownership of community token contract.

  • Anti-whale measures: e.g., limits on single address purchase quotas.

Resistance to Bots

To reduce the risk of token initial issuance being targeted by bots, the Avalanche Protocol encourages token developers to meet the following criteria to qualify for whitelist access:

  • Own Avvy domain .avax.

  • Hold a certain amount of AVAX.

  • Hold recognized Avalanche NFTs.

  • Recently interacted with Avalanche subnets and dApps.

Security

  • Contracts must undergo auditing.

  • Creator's address must pass due diligence.

  • Deployment on tools like DexScreener, without doubts.

How to Get Avalanche to Buy Meme Coins?

At the end of the announcement, Avalanche officials revealed the specific numerical standards for purchasing meme coins:

  • 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: At least $200,000 or equivalent in total liquidity.

  • Liquidity providers: At least 50 liquidity providers.

  • Project age: The project must have been in existence for at least one month.

  • Market cap: Fully diluted market cap of over $1 million.

  • Daily trading volume: On Avalanche's DEX, an average daily trading volume of $100,000 for at least two weeks.

Avalanche officials informed Unchained that they have started purchasing meme coins, but did not specify the currencies or exact investment amounts.