Is Avalanche Set to Boost Its Meme Coins?
Avalanche has recalled its Culture Catalyst fund, established last year to empower creators, foster innovation, and advance the adoption of blockchains.
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Avalanche has recalled its Culture Catalyst fund, established last year to empower creators, foster innovation, and advance the adoption of blockchains.
According to the company’s statement, Culture Catalyst will now pivot towards acquiring specific meme coins developed on the Avalanche network.
The selection criteria include factors like the number of token holders, liquidity thresholds, project maturity, principles of a fair launch, and general social sentiments among others.
The COQ meme token is currently the top-traded asset on the Avalanche network. The project's website clarifies: “$COQ is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment only.”
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