The Avalanche Foundation, which supports the Avalanche blockchain network, has disclosed the first five coins that are part of its "community coins holdings."

These include meme coins such as Coq Inu, Gecko, Kimbo, NoChill, and Tech. Including these coins in its portfolio is part of the Foundation’s broader Culture Catalyst program, which aims to “foster web3 creators.”

Last year, the foundation declared its plan to acquire community coins specific to the Avalanche network. The selection process for these coins follows the Foundation’s guidelines and emphasizes “high community value.”

“Each community coin held by the Foundation conforms to the Foundation’s established eligibility guidelines for community coin projects. These criteria are designed to assess a particular coin’s …