Avalanche Foundation has released the eligibility criteria framework for purchasing meme community tokens on its blockchain.
BlockBeats News, January 24th: According to an official announcement, the Avalanche Foundation has announced the eligibility framework for purchasing Meme-type tokens on its chain, including:
1. Fair launch: To ensure a fair and equal start, community tokens should be launched through the following mechanisms. Ownership of the community token contract has been abandoned; initial liquidity has been destroyed or sufficiently locked; initial whale protection measures have been adopted, such as purchase limits per address; no allocation has been reserved for the team.
2. Anti-sniper bot: To mitigate the risk of automatic sniper bots during launch, community token developers are encouraged to implement preventative measures by providing pre-launch or whitelist opportunities to genuine community members.
3. Security: Best practices should be reflected at every step of the community token development process.
4. High holder count: To be considered a community token, a coin needs to be widely held by a large number of users.
5. Low concentration: Whales should not hold a large supply of coins.
6. Broad liquidity provision: To ensure that tokens have sufficient liquidity for token holders to easily buy and sell, community tokens should take measures such as locking liquidity pools during launch and transparent liquidity management.
7. High liquidity: To ensure high liquidity, community tokens should focus on building large-scale initial liquidity pools and providing incentives for liquidity providers (LP).
8. Minimum survival period: To give the community enough time to understand and comprehend the coin, the coin should exist for at least a period of time.
9. Minimum market value: Community tokens should maintain a strong market presence, manifested by sustained high market value, and supported by strong community participation.
10. Daily trading volume: Projects should receive active attention from the community, manifested by daily trading volume indicators from holders of various accounts.
11. Native to Avalanche: Community tokens should be native to the Avalanche ecosystem.