Avalanche Foundation Reveals Ownership of Five Meme Coins: Supporting Community Coins

On March 14, 2024, the Avalanche Foundation made headlines by revealing its ownership of five meme coins, signaling its robust support for community coins.

Dive into the details of their involvement and the potential future of these coins in the evolving cryptocurrency landscape.

Avalanche Foundation Owns COQ, KIMBO, TECH, GEC, NOCHILL

On March 14, 2024, the Avalanche Foundation, which supports the operation and development of Avalanche (AVAX), announced that it holds five types of meme coins.

This revelation comes as part of its ongoing efforts to support community coins based on the Avalanche platform through a program launched last year, named "Culture Catalyst."

As part of this initiative, the following five meme coins have been acquired:

• Coq Inu (COQ)
• Kimbo (KIMBO)
• NumberGoUpTech (TECH)
• Gecko Inu (GEC)
• AVAX HAS NO CHILL (NOCHILL)

The foundation's commitment to supporting community coins is ongoing, indicating that more coins may join the program in the future. Currently, the evaluation of "ERC-404 tokens" is underway.

However, the announcement also made it clear that "the Avalanche Foundation can change the amount of community coins it holds at any time and that the eligibility criteria for community coins may change." It was further clarified that "not all coins that meet the criteria will be purchased."

Below are the details of the total supply and contract addresses for the five coins disclosed by the Avalanche Foundation.

Coq Inu (COQ)

• Total Supply: 69,420,000,000,000 COQ
• Contract Address: 0x420fca0121dc28039145009570975747295f2329

Kimbo (KIMBO)

• Total Supply: 69,420,000,000 KIMBO
• Contract Address: 0x184ff13B3EBCB25Be44e860163A5D8391Dd568c1

NumberGoUpTech (TECH)

• Total Supply: 69,420,000,000 TECH
• Contract Address: 0x5Ac04b69bDE6f67C0bd5D6bA6fD5D816548b066a

Gecko Inu (GEC)

• Total Supply: 69,420,000,000,000 GEC
• Contract Address: 0xE8385CECb013561b69bEb63FF59f4d10734881f3

AVAX HAS NO CHILL (NOCHILL)

• Total Supply: 1,550,000,000 NOCHILL
• Contract Address: 0xAcFb898Cff266E53278cC0124fC2C7C94C8cB9a5