Ep.10 : 5 $AVAX Tokens You Should NOT Fade!

"The Avalanche Foundation aims, among other things, to make the use of the Avalanche blockchain synonymous with creativity, culture, and lifestyle. The Foundation realizes the importance of fostering and supporting community initiatives on the Avalanche blockchain network.

In particular, we note that meme coins generally have high community value because of the engagement, community spirit, and culture that they engender, which goes beyond the humor and virality that they embody. The Foundation embraces the full spectrum of creativity, culture, and camaraderie in the blockchain space, and broadly views meme coins, NFTs, and similar tokens created by the community for culture and engagement as "community coins."

The Foundation has already started using its Culture Catalyst program to deploy capital into community coins, and will continue doing so within an established eligibility criteria framework. The Foundation is pleased to share the eligibility criteria that it has established for those community coins which the Foundation will consider supporting. As such, the eligibility criteria outline the bare minimum characteristics that a community coin should possess in order to be taken into consideration. Meeting the eligibility criteria does not imply that the Foundation will support a coin. The Foundation will use additional criteria in order to select and support coins. The purpose of disclosing the eligibility criteria here is to enunciate the Foundation’s values and provide direction to the community. And it goes without saying that the Foundation reserves the right to determine which coins to include in the Culture Catalyst program in its sole discretion and to alter these eligibility criteria as it sees fit."

- The Avalanche Foundation

https://www.avax.network/blog/avalanche-foundation-eligibility-criteria-framework-for-community-coins

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