Meme money are coming to Fantom (FTM), and the neighborhood is gratified on the chance. In a proposal printed on Medium, Fantom lead developer Andre Cronje outlined the dangers and alternatives that a meme coin tradition on Fantom poses and how the neighborhood can properly faucet into the latter.
Andre Cronje proposal
Andre Cronje started his proposal by highlighting the dangers, which embody the chance of the crew selling off their tokens, and early merchants selling mountainous amounts, a fashion that will presumably cripple the venture. As considered on other blockchains with meme money already thriving, there is furthermore the chance of liquidity being removed and the token itself having salvage entry to controls.
With the dangers out of the capacity, Cronje proposed some safeguards for any meant meme money to preserve away from Multichain-linked mishaps. He well-known that 10% of the token’s liquidity could presumably furthermore very well be earmarked for marketing and marketing choices. These marketing and marketing affairs shall be linked to listings, airdrops and commercials, per the breakdown he highlighted.
He mentioned that 10% of the proposed meme money could presumably furthermore very well be dispensed for crew-linked costs. To originate obvious believe and transparency, he mentioned this has to be locked up in a multisig wallet to quit any originate of undue manipulation. The leisure 85% could presumably furthermore very well be locked in a foundation multisig and, per his promise, the protocol shall be supported with 100,000 FTM to steadiness out the liquidity.
Can Fantom tackle meme coin surge?
Meme money are speedily changing correct into a considerable fragment of layer-1 blockchains. As Shiba Inu (SHIB) is to Ethereum (ETH), so is BONK to Solana (SOL). Whereas they are able to support trigger huge enhance, so also can they trigger congestion that will presumably gradual a community down. This became a threat to Ethereum, and Solana is going by its fragment of community outages for the time being.
Fantom’s originate as a Directed Acyclic Graph (DAG) primes it to cope with better transaction volumes without crashing. This is able to presumably furthermore support it tackle the meme coin net site visitors better than its company.
