The Avalanche Foundation announces the qualification framework for purchasing its on-chain Meme-type community tokens

According to the official announcement, the Avalanche Foundation has announced a framework for eligibility criteria for purchasing its on-chain Meme-type tokens, including: 

1. Fair Launch: To ensure a fair and equal start, community tokens should be launched through the following mechanisms. Ownership of community token contracts has been relinquished; initial liquidity has been destroyed or fully locked; initial whale protection measures have been adopted, such as purchase limits per address; there is no allocation reserved for the team.

2. Anti-sniping Bot: In order to mitigate the risk of automatic sniping bots during launch, it encourages community token developers to implement preventive measures by providing early launch or whitelist opportunities to genuine community members.

3. Security: Community tokens should reflect best practices at every step of development.

4. High Number of Holders: To be considered a community token, a coin needs to be widely held by many users.

5. Low Concentration: Whales should not hold a large supply of coins.

6. Broad Liquidity Provisioning: To ensure sufficient liquidity so that token holders can easily buy and sell, community tokens should take measures such as locking liquidity pools at launch and transparent liquidity management.

7.High Liquidity: To ensure high liquidity, community tokens should focus on establishing large-scale initial liquidity pools and provide incentives for Liquidity Providers (LPs).

8.Minimum Duration Period : For giving enough time for communities to understand and comprehend about currency , it must exist atleast  some period .

9.Minimum Market Cap : Community Tokens must maintain strong market presence , represented by consistently high market cap supported by strong participation from communities .

10.Daily Trading Volume : The project must receive active attention from communities , represented by daily trading volume from various account holders etc . 

11.Native in Avalanche : Community Tokens must natively exist within Avalanche ecosystem.