The Arbitrum community's new proposal aims to establish a Memecoin fund

2024-03-25 11:37:36

Collection

ChainCatcher news, the Arbitrum community has initiated a new proposal to establish a Memecoin fund independent of the Arbitrum DAO, aimed at selecting quality projects to support the development of Memecoins and cultivate a Memecoin-friendly culture within the Arbitrum ecosystem. According to the proposal, the requirements for selecting projects include having at least $200,000 in liquidity, the token must have existed for at least 30 days, whales cannot hold a high percentage, and the market capitalization must be over $1 million.

The proposal suggests allocating $3 million worth of ARB to launch the fund (trial run for 6 months) and plans to provide funding and liquidity support for selected Meme coins, with each investment ranging from $50,000 to $150,000, while also offering professional graphic designers/video renderers support.

(Source Link)

Related tags

Arbitrum Meme ARB

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.