Stonk launches 'community coin' model: USELESS, PENGU and other holders can share new Meme coin rewards.

BlockBeats news, October 3rd, Solana ecosystem Stonk announced this morning the launch of a "Community Coins" mechanism, where users holding designated Solana community coins will be able to receive holder rewards from newly issued Meme coins paired with them in the future.

According to the rules, for each Meme coin issued under "Community Mode," 33% of its holder rewards will be distributed to eligible community coin holders, while the remaining 67% will be distributed to holders of the Meme coin itself.

The first batch of participating community coins includes USELESS, PENGU, ZCAT, ANSEM, and NEET. Stonk stated that users holding leading Solana Meme coins can participate in the related reward distribution.