TechFlow reports, according to the Arbitrum official community, a community member has proposed establishing a MemeCoin fund independent of the Arbitrum DAO. The goal is to support MemeCoin projects and foster a MemeCoin-friendly culture within Arbitrum. The proposal suggests using $3,000,000 worth of ARB as seed funding.
According to the proposal, eligible projects must meet criteria including at least $200,000 in liquidity, no disproportionate holdings by whales, and a market cap exceeding $1 million.
In addition, day trading is prohibited for this fund; all investments must be held for three months. At the end of the three-month period, collaborators may choose to exit positions or extend the holding period for another three months.
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