Arbitrum community launches proposal to establish MemeCoin fund
A proposal has been initiated by community members of Arbitrum to establish an independent MemeCoin fund separate from Arbitrum DAO, aimed at helping MemeCoin projects develop and cultivating a MemeCoin-friendly culture within Arbitrum. The proposal suggests using $3 million worth of ARB as the starting fund.
According to the proposal, the fund will select projects with at least $200,000 in liquidity, a low percentage of whale ownership, and a market value of over $1 million.
In addition, the fund does not allow intraday trading, and investments must be held for three months. At the end of three months, collaborators can consider closing positions or holding for another three months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
