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Avalanche Foundation Sets Guidelines for Meme Coin Purchases
The Avalanche Foundation, a main backer of the Avalanche blockchain, has launched an “eligibility framework” for the purchase of meme coins. Meme coins, known for their amusing character have emerged as a prominent component of the crypto space, with some offering remarkable returns despite their inherent volatility.
The Avalanche Foundation Meme Coin Eligibility Framework
To ensure that meme coins align with the foundation’s vision and standards, a three-page rule set has been established. As highlighted by Coindesk in a recent report, key criteria include the requirement for meme coins to be independent of their creators and native to the Avalanche blockchain. The guidelines prohibit tokens with allocations earmarked for their team, clones on other blockchains, or creator teams that have not renounced ownership of the mint contract.
Moreover, the Foundation discourages tokens hoarded by large holders (whal

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