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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Avalanche Foundation's Meme Coin Eligibility Criteria for $100M Culture Catalyst Program

The Avalanche Foundation has recently unveiled the eligibility criteria for selecting meme coins to be included in its portfolio as part of the $100 million Culture Catalyst Program announced last month. The criteria aim to identify tokens that demonstrate stability, growth potential, and a commitment to fair practices. Here are the key points highlighted by the Foundation in their Tuesday blog post:

Eligibility Criteria for Meme Coins:

  • Fair Launch: Tokens must not reserve any tokens for the founders.
  • Low Supply Concentration: There should be a minimal concentration of tokens among crypto whales.

The Foundation emphasized that disclosing these criteria serves to articulate its values and offer guidance to the community. Despite facing criticism for its investment plans, the Foundation views meme coins as valuable sources of community engagement and culture, categorizing them as "community coins."

To qualify for investment by Avalanche, community coins must meet the following requirements: - At least 2,000 unique holders with a fully diluted market cap of $1 million. - Top 100 owners collectively holding no more than 60% of the total supply. - Average daily trading volume of $100,000 across two Avalanche decentralized exchanges for a minimum of two weeks. - Minimum total liquidity of $200,000 with at least 50 liquidity providers.

The Foundation has already allocated some capital to specific community coins under the Culture Catalyst Program. While the spokesperson declined to disclose the tokens purchased, the Foundation holds over $90 million in assets available for further deployment.

Following the program's announcement in December, Avalanche-based meme coins like Husky Avax (HUSKY) surged by over

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