jakiro
Author: EZRA Reguerra, Cointelegraph; Compilation: Deng Tong, Bitchain Vision Realm
Avalanche Foundation——The organization behind the smart contract blockchain platform Avalanche ———The liquidity mining incentive plan is doubled in the model coin to promote the development momentum of the tokens owned by the community in the ecosystem.
On March 21, the foundation announced “Memecoin Rush”, andA $ 1 million Avalanche tokens are provided as incentives and liquidity providers based on community tokens based on Avalanche.
The first phase of the plan will begin on decentralized finance (DEFI) platform Steakhut and Trader Joe.Avalanche said these platforms will “motivate transactions and increase liquidity strategies” for community tokens in the network.
According to the announcement,The liquidity providers of the MEMECOINS COQ, NOCHILL, Tech, and Kimbo liquidity pools will be paired with Avax token.
also,Avalanche has listed COQ, Kimbo, NOCHILL, GEC, Tech, Husky, Meow, KONG, Meat, and Kingshit as beneficiaries of the incentive plan vault.
Although crypto community characters like Ethereum co -founder Vitalik Buterin have always been criticized for Memecoin traders, Avalanche seems to have different views.
On December 29, it announced that it would be used to purchase Memecoin assets based on the network based on the network.
Avalanche said,Memecoin represents “the collective spirit and common interests of different encrypted communities” and claims that they “surpass simple practical assets.”
It also emphasizes,The plan aims to position its blockchain as a network of creativity and culture that supports new forms.
On January 24th, Avalanche clarified,Not all Memecoin will get a $ 100 million fund.The foundation requirements of the foundation include abandoning contracts, low concentration of whale ownership, and high level of liquidity.
The Avalanche Foundation also said that the project should have a history of at least one month.
In March of this year, Memecoin on the Solana network reached the “fallen peak” of a community member, and the token project raised more than $ 100 million in just three days.
The founder of Memecoin obtained millions of dollars from March 15th to 18th through a controversial fundraising method called “pre -sale”.
Through this crowdfunding model, investors will send the solana (sol) tokens to the wallet address, hoping to get the weighted distribution of tokens after the launch.However, investors cannot be guaranteed to receive tokens for SOL.
