Avalanche ($AVAX) has finally released additional details about how its ‘Culture Catalyst’ fund will be spent. This $100 million fund was originally created to purchase NFTs, but the Avalanche team recognizes the culture shift occurring. Memecoins are entrenching themselves into communities and becoming vital social infrastructure. Most of the top 10 cryptos to buy now are meme projects.
It is an excellent time to buy now that Avalanche is investing $100 million into memecoins, including new projects like Galaxy Fox ($GFOX). Opportunity abounds, and there is one enormous paycheck inbound for memecoin holders. Interestingly, $GFOX qualifies for the program – and here’s why.
What is Galaxy Fox ($GFOX)?
First things first. What is Galaxy Fox? This new memecoin sensation has been attracting attention due to its breakout success in funding. It introduces a new hybrid model combining elements from classic memecoins and play-to-earn projects. It has soared past $3 million in ICO funding, and early participants have already enjoyed several price increases!
It has a cosmic aesthetic with memeable characters that will feature in the protocol’s line of real-world merchandise. Some of these characters make their way into the unique collection of 3,000 NFTs, and lucky holders enjoy in-game stat bonuses. Their chances of winning the seasonal prize pool playing Galaxy Fox’s Web3 runner game shoot up dramatically.
Like all good memecoins, $GFOX has a deflationary nature thanks to the protocol burn. The periodic removal of tokens from circulation introduces value through scarcity. When markets begin to price in staking rewards and demand shoots up, $GFOX could easily skyrocket.
Rising demand meeting declining supply is a powerful combo and pushes Galaxy Fox to the top of the list regarding the top 10 cryptos to buy now. But why is $GFOX being hailed as a top crypto to invest in this year, and why do I think it qualifies for investment from Avalanche’s Culture Catalysts fund?
Why Will Avalanche Buy $GFOX?
Avalanche recently released more detailed criteria, and the news is excellent for early $GFOX buyers. Memecoins must have 2,000 unique holders. Galaxy Fox has seen way more unique presale participants. The market cap should be greater than $1 million. Galaxy Fox luckily possesses a market cap three times that size. But still small enough for 100X gains to be a reality!
However the central reason that Avalanche will buy $GFOX is because of the fair launch mechanism utilized in its presale. Avalanche wants to buy ‘community coins’ with no large insider wallets.
Galaxy Fox has allocated 70% of tokens to the presale, meaning it will have some of the most distributed ownership of any memecoin on the market! It is precisely the type of token the Culture Catalyst wants to invest in. Not to mention, Galaxy Fox’s dual nature makes it even more exciting for this fund, which is keen to push the GameFi narrative.
Closing Thoughts: $100 Million Stimulus Check In the Mail
The Avalanche fund is about to pump a $100 million stimmy check into the memecoin ecosystem. Naturally, the bulk of the top 10 cryptos to buy now are these tokens that will explode in value in the coming weeks.
Galaxy Fox ticks all the right boxes, and particularly because of its fair launch program, I believe it will be one of the tokens selected for investment by the Catalysts Culture fund. A community-driven token still in its presale, soon to be targeted by Avalanche. Bull market opportunities do not get better than this. Participate in the Galaxy Fox ICO today.
Learn more about $GFOX here:
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A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters