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- Fantom Basis intends to turn out to be part of the huge $50 billion memecoin sector.
- The blockchain plans to draw memecoin merchants by reserving $6.5 million value of FTM tokens for builders.
- CEO Michael Kong asserts that Fantom intends to supply a secure memecoin house with a democratic token distribution to the group.
Fantom, a Layer 1 blockchain community, has initiated establishing a “safer memecoin” house to turn out to be a part of the huge $50 billion memecoin sector. The blockchain community plans to order $6.5 million value of its native token, FTM, as a reward for builders.
Michael Kong, the CEO of Fantom Basis, hinted on the platform’s efforts to create a pleasant surroundings the place the group can launch safer memecoins. Kong additionally highlighted Fantom’s adherence to safety and privateness because it plans to introduce technical and non-technical measures to dam rugs and scams.
CoinMarketCap, a distinguished crypto knowledge aggregator, shared an X publish, unveiling Fantom’s initiative. The aggregator wrote, “In a bid to faucet into the booming $50 billion memecoin sector, Fantom, a layer-1 blockchain community, is taking steps to determine a safer surroundings for memecoin tasks.”
On April 30, Michael Kong introduced a ten million FTM prize pool value $6.5 million for memecoin groups in an effort to draw memecoin merchants. By means of memecoins, Kong envisions gaining extra prospects and attaining success.
Additional, Kong asserted that Fantom prioritizes buyer calls for; Fantom goals to fulfill its prospects by fulfilling their wants. In its newest transfer, Fantom intends to supply a secure memecoin house with a democratic distribution of tokens to the group.
In the meantime, FTM has barely emerged from the bearish observe, with a marginal enhance of two% over the past 24 hours. Nevertheless, the token, at present priced at $0.6773, has been exhibiting extreme downturns over the past month. FTM skilled notable 10% and 22% declines within the final week and month, respectively.
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