- The Fantom Basis goals to turn out to be a part of the large $50 billion meme coin sector.
- The blockchain plans to draw memecoin merchants by setting apart $6.5 million value of FTM tokens for builders.
- CEO Michael Kong claims this about Fantom: goals to offer the group with a safe meme coin area with democratic token distribution.
Fantom, a layer-1 blockchain community, has begun establishing a “safer memecoin” area that might be a part of the large $50 billion memecoin sector. The blockchain community plans to put aside $6.5 million value of its native token FTM as a reward for builders.
Fantom Basis CEO Michael Kong hinted on the platform's efforts to create a pleasant atmosphere for the group to problem safer meme cash. Kong additionally emphasised that Fantom adheres to safety and privateness, because it plans to introduce technical and non-technical measures to dam rugs and fraud.
CoinMarketCap, a distinguished cryptocurrency knowledge aggregator, shared an X publish revealing Fantom's efforts. The aggregator mentioned: “To capitalize on the burgeoning $50 billion memecoin area, Fantom, a layer-1 blockchain community, is taking steps to determine a safer atmosphere for memecoin initiatives. ” he wrote.
On April thirtieth, Michael Kong introduced a ten million FTM prize pool value $6.5 million to the Meme Coin staff to draw Meme Coin merchants. By way of Memecoin, Kong envisions gaining extra prospects and reaching success.
Moreover, Kong claimed that Fantom prioritizes buyer necessities. Fantom goals to fulfill our prospects by assembly their wants. In its newest transfer, Fantom intends to offer a safe meme coin area to democratically distribute tokens to the group.
However, FTM has barely damaged out of bearish territory and is up simply 2% prior to now 24 hours. Nevertheless, the worth of this token is at the moment $0.6773, displaying a extreme decline during the last month. FTM skilled important declines of 10% and 22% during the last week and final month, respectively.
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