Avalanche (AVAX) Will Launch Memecoin Rush, Here's the Goal!

In the latest effort to revive the crypto ecosystem, the Avalanche Foundation has launched the Memecoin Rush program, which promises liquidity mining incentives worth $1 million (around Rp15.7 billion). The program is designed to strengthen liquidity and give new momentum to community coins on the Avalanche network.

Early Phases of Memecoin Rush 

In collaboration with SteakHut and Trader Joe's, Avalanche Memecoin Rush entered its first phase with the aim of incentivizing trading strategies and increasing liquidity. Trader Joe's, a DeFi platform based on Avalanche, will introduce a single-sided staking vault with a time-locked system for specific tokens, taking into account holder criteria and market cap.

Participants of the program will have the opportunity to earn a share of a $1 million incentive in AVAX tokens, which will be distributed through the SteakHut and Trader Joe's platforms. The purpose of these incentives is to reduce volatility, increase liquidity, and encourage trading activity for selected tokens.

During the first weekly period, users can single-sided stake for various community coins, including Coq, Kimbo, NoChill, Gec, Tech, Husky, Meow, Kong, Meat, and Kingshit.

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Impact of Memecoin 

The Avalanche Foundation demonstrates its commitment to supporting the growth of Avalanche's public network and its communities through initiatives such as the Memecoin Rush. The acquisition of various Avalanche community coins by the Foundation reflects its mission to support diversity in the crypto community.

Memecoin Rush is a continuation of the success of the Avalanche Rush program, which has contributed to the advancement of DeFi and enriched the Avalanche ecosystem. The popularity of memecoins, often attributed to their appeal on social media, affordable prices, and communal vibrancy, was an important factor in the campaign.

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How to Buy Avalanche (AVAX) on Bittime

You can buy and sell Avalanche (AVAX) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Avalanche (AVAX) is available on Bittime with the market pair AVAX/IDR. To be able to buy AVAX IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Avalanche (AVAX) on Bittime.

Monitor the price chart movements of Avalanche (AVAX), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Avalanche (AVAX) Price Prediction in 2024

How to Stake Avalanche (AVAX), Follow the Tutorial!

What is Coq Inu (COQ)? Avalanche blockchain-based token

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.