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The most important criterion is that the Memecoin must have been on the market for at least one month. The Avalanche Foundation shared a blog post about these criteria on its blog page on January 23. This article provides a set of flexible criteria for Memecoin selections for the $100 million “Culture Catalyst” fund.

Click here to reach the article that was prepared by Avalanche

What are the requirements?

• All eligible meme tokens must have their contracts renounced.
• It must have a low ownership density among whales.
• It must have a high level of liquidity.

The article written by the foundation states that these criteria may be flexible. However, the following criteria were stated to be definite:

• 2,000 unique holders
• At least $200,000 in liquidity from 50 different providers
• The project must have existed for at least one month

Everyone knows that Memecoins are inherently worthless, and project owners do not deny it either. This fund was first mentioned in a post by the Avalanche X account towards the end of December 2023. This was met with raised eyebrows by market commentators, and some mocked the organization for its “desperate and inappropriate” move.

Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity,…

— Avalanche (@avax) December 29, 2023

Despite all the negative criticism, the Avalanche Foundation has announced that it will definitely use this fund and that it has “already begun using the Culture Catalyst program to distribute capital to “community coins.”

The post Avalanche Foundation Publishes Memecoin Criteria! appeared first on Coin Engineer.

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ORDI Surges by 630%, Surpasses $1 Billion: ORDI, one of the most recognized BRC-20 tokens built on the Bitcoin blockchain, caught attention by soaring over 630% in the past month, surpassing $50. As of yesterday, ORDI marked a record among BRC-20 tokens by surpassing a $1 billion market cap for the first time, riding on the appreciation of Bitcoin.

Other BRC-20 Tokens on the Move: The impressive surge in ORDI triggered speculative movements in other BRC-20 tokens. While RATS declined due to volume figures on the Gate.io exchange, tokens like SHIB and PEPE experienced significant increases. These two tokens, apart from their name similarity to original assets on the Ethereum chain, have no other connection.

Surges in the Last 24 Hours: Beyond ORDI, other BRC-20 tokens are witnessing notable surges. Token named DOMO surged by over 500%, SHIB (BRC-20) by over 800%, NALS by 100%, and PIZA by over 200%.

While these rapid surges stir excitement in the crypto world, investors and experts are closely monitoring future developments. These dynamic changes in the cryptocurrency market could present new opportunities for investors.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

The post The Big Hype in BRC-20 Tokens! appeared first on Coin Engineer.

How To Buy BRC-20 Token?

The main way to buy BRC-20 tokens is through the Unisat Wallet application and extension. Unisat Wallet is the first open-source wallet for Ordinals that enables the Bitcoin network. We will use this wallet to buy BRC-20 Tokens. First of all, we should download the application or extension on our devices. We will continue to talk about this over extension type. 

You can download the extension using Google Chrome Web Store. After that, you must set it as a normal cryptocurrency wallet like Metamask, Phantom, Keplr, etc. If you don’t have a Metamask wallet or any more, you can interact with the link below.

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We must click the “Create a new wallet” button. After that, the wallet will present our new screen. In this screen, we will see 12 phrases. We definitely should take these phrases as a note. Because if our device has a problem, we can keep our assets using them. In step 1 we must do them.

After completion of the phase, we will set network addresses, which we will use for trading, swapping in the Bitcoin network. There are available 4 types of network addresses. They are Native Segwit, Nested Segwit, Taproot, Legacy. The most important address is Taproot. Because we will use the address type for deposit and withdraw produces. Especially, if we want to deposit Bitcoin from CEXes, we must use only this address.

You don’t have to choose a custom HdPath and Phrase. You already had a new Bitcoin Wallet and you already were the network user. Congratulations!

We will face a new interface after setting the wallet. In there, we can deposit Bitcoin using the “Buy” button. At the same time, we can send BTC to other addresses and receive from them. We are saying again that you should use the Taproot address when depositing from CEXes. If you select the Segwit address, you must send your assets to Taprrot again. Because right now trading is enabled with that.

How To Use Unisat Marketplace?

You must click the second button below. In there, you will face 4 types of BRC-20 NFTs: Image, text, video, and audio. You can buy them using your BTCs. But the NFTs are selling using sats (satoshi).

How to Deposit Crypto on Unisat Wallet?

You can deposit crypto using any CEX (centralized exchanges) like Binance, OKX, Kucoin, Gate.io, etc. If you don’t have an account, you can click these exchange names. At the same time, you will get a %20 discount for paying fees as a special for CoinEngineer users. We will give an example of Binance. After creating a Binance account we will use our wallet in there. It is available with the “Withdraw” button. We will paste our Taproot address on there and choose BTC as a coin. After a minimum of 15-20 minutes assets will be on Unisat Wallet.

You can present your thoughts as comments about the topic. Moreover, you can follow us on Telegram, Twitter, and YouTube channels for the kind of news.

The post How To Buy BRC-20 Token? appeared first on Coin Engineer.