Avalanche Foundation Sets Criteria for Meme Coin Purchases
The Avalanche Foundation has introduced a comprehensive eligibility framework for meme coin acquisitions, emphasizing independence, native status, and scrutiny. The Foundation, utilizing its "Culture Catalyst" fund, has begun purchasing meme coins but remains tight-lipped about specifics. While the rules are flexible, meeting them doesn't guarantee acquisition. As of January 2024, the Foundation cautiously evaluates meme coins to align with its standards.
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