- Fantom Basis intends to grow to be a part of the massive $50 billion memecoin sector.
- Blockchain plans to draw memecoin merchants by reserving $6.5 million price of FTM tokens for builders.
- CEO Michael Kong claims that Fantom intends to offer a secure house for memecoins with democratic token distribution to the neighborhood.
Fantom, a layer 1 blockchain community, has began creating an area for “safer memecoins” to grow to be a part of the massive $50 billion memecoin sector. The blockchain community plans to put aside $6.5 million price of its native FTM token as a developer reward.
Michael Kong, CEO of the Fantom Basis, hinted on the platform's efforts to create a pleasant setting the place the neighborhood can launch safer memecoins. Kong additionally emphasised that Fantom adheres to safety and privateness because it plans to implement technical and non-technical measures to dam carpets and scams.
CoinMarketCap, a outstanding crypto knowledge aggregator, shared an X submit that exposed the Fantoma initiative. The aggregator wrote: “Looking for to faucet into the booming $50 billion memecoin sector, Fantom, a Layer 1 blockchain community, is taking steps to create a safer setting for memecoin tasks.
On April 30, Michael Kong introduced a ten million FTM prize pool price $6.5 million for memecoin groups in an effort to draw memecoin merchants. By way of memecoins, Kong envisions gaining extra clients and attaining success.
Moreover, Kong claimed that Fantom prioritized buyer requests; Fantom goals to fulfill its clients by fulfilling their wants. In its newest transfer, Fantom intends to offer the neighborhood with a safe house for memecoins with democratic token distribution.
In the meantime, FTM has barely emerged from the bearish path with a slight improve of two% within the final 24 hours. Nonetheless, the token, presently priced at $0.6773, has seen sharp declines over the previous month. FTM has seen exceptional 10% and 22% declines within the final week and month respectively.
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