Coin Rush Meme 🔥

Avalanche launches $1 million incentive program to boost memecoins

Memecoins continue to be on the rise, attracting great interest from the crypto community. Before said, in order to boost the segment within its platform, Avalanche launched a program focusing on US$1 million meme cryptocurrencies.

According to the announcement, the aim of the Meme Coin Rush program is to promote memecoin liquidity mining among traders.

The idea of ​​the team behind the Avalanche protocol is to distribute rewards for providing liquidity to memecoin trading pools on select decentralized finance (DeFi) platforms.

Avalanche launches program focusing on memecoins

This program follows the Foundation's recent acquisition of five Avalanche-based meme coins. Recently, as reported by CriptoFácil, Avalanche acquired the memecoins Kimbo (KIMBO), Coq Inu (COQ), Gecko (GEC), TECH and NOCHILL. The action was part of its initiative to promote meme coins.

“In the same tradition as the Foundation's previous successful incentive programs, we designed Meme Coin Rush to help increase liquidity and drive hype. But this time, the focus is on the community currency ecosystem at Avalanche,” the Avalanche Foundation said in an announcement.