Gekco (@gekco) • Hey
I am web3 based.
Publications
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- Thanks man
Lfg
- GM Phaverites
Buy now! That's it.
- Let's get itt
- Lmaoo
This is real😂
- The 2024 Market feels Like 🐂 🐻
- The Avalanche Foundation has unveiled Meme Coin Rush, a strategic move designed to inject vitality into the meme coin ecosystem on the Avalanche blockchain. With a generous $ 1 million liquidity mining incentive program, the Foundation aims to bolster the trading and liquidity of meme coins such as Kimbo, Coq Inu, and Gecko. By incentivizing liquidity provision for meme coin trading pools on select DeFi platforms like SteakHut and Trader Joe, participants stand to earn rewards in AVAX, the native token of Avalanche.
This initiative marks a significant step in the Foundation's digital culture initiative, following its recent acquisition of five Avalanche-based meme coins, including Kimbo, Coq Inu, and Gecko. By fostering liquidity and momentum within the meme coin space, the Avalanche Foundation seeks to replicate the success of its earlier incentive programs, such as Avalanche Rush, which played a pivotal role in driving DeFi growth on the Avalanche blockchain.
Through partnerships with platforms like SteakHut and Trader Joe, the Foundation aims to cater to the evolving needs of the crypto community, providing avenues for users to engage with meme coins in a secure and efficient manner. By leveraging innovative mechanisms such as Uniswap V3 and single-sided, time-locked staking vaults, participants can contribute to reducing volatility, increasing liquidity, and potentially enhancing the value of meme coins.
Meme coins, inspired by internet memes and jokes, have emerged as a vibrant component of the cryptocurrency landscape, offering a blend of entertainment and investment opportunities. While historically popular on platforms like Ethereum and Solana, meme coins have yet to fully penetrate the Avalanche ecosystem. With Meme Coin Rush, the Avalanche Foundation aims to change this narrative, positioning Avalanche as a hub for diverse and vibrant meme coin communities.
Eric Kang, BD Manager at Ava Labs, expressed enthusiasm for the initiative, highlighting its potential to showcase the diversity of Avalanche-native DeFi protocols and engage users at the forefront of cultural trends in Web3. As meme coins continue to capture the imagination of crypto enthusiasts worldwide, Meme Coin Rush represents a bold step towards harnessing their collective energy and creativity within the Avalanche ecosystem.
- I'm so glad I got in!!
Congrats to my fellow new Lens profile owners 🔥🎉