HomeAltcoinsAvalanche put money into a digital coin called COQ and other similar...

Avalanche put money into a digital coin called COQ and other similar tokens.

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The group Avalanche Foundation said which coins it put its money into. The organization added five new memcoins to its portfolio as part of the Culture Catalyst program, according to The Block. It has helped projects like Coq Inu, Gecko, Kimbo, NoChill, and Tech. Investing in memecoins is a way to support and encourage creators on the internet. This is part of the Culture Catalyst program.

In January 2024, the Avalanche Foundation said it was going to buy some coins on the Avalanche network. When picking assets, we looked at things like how easily they can be bought and sold, how much money they have, how much they’re traded every day, and other factors. Also, the Avalanche Foundation highlighted that these tokens should be valuable to the community.

The Avalanche Foundation picked memcoins based on how safe they are, how many people have them, and how well they can resist hacker attacks. The team is looking at ERC-404 tokens to add more assets for the community.

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