Memecoin

Fantom

<ul class="news-points">
 <li>Fantom Foundation intends to become a part of the vast $50 billion memecoin sector.</li>
 <li>The blockchain plans to attract memecoin traders by reserving $6.5 million worth of FTM tokens for developers.</li>
 <li>CEO Michael Kong asserts that Fantom intends to provide a safe memecoin space with a democratic token distribution to the community.</li>
</ul>
<a href="https://coinedition.com/fantom-set-to-unveil-canonical-stablecoin-backed-by-circle-and-wormhole/" rel="noopener noreferrer nofollow">Fantom</a>, a Layer 1 blockchain network, has initiated establishing a “safer memecoin” space to become part of the vast $50 billion memecoin sector. The <a href="https://coinmarketcap.com/academy/article/fantom-foundation-launches-dollar65-million-prize-pool-to-incentivize-safer-memecoins" target="_blank" rel="noopener noreferrer nofollow">blockchain network</a> plans to reserve $6.5 million worth of its native token, FTM, as a reward for developers.
Michael Kong, the CEO of Fantom Foundation, hinted at the platform’s efforts to create a friendly environment where the community can launch safer memecoins. Kong also highlighted Fantom’s adherence to security and privacy as it plans to introduce technical and non-technical measures to block rugs and scams.
CoinMarketCap, a prominent crypto data aggregator, shared an X post, unveiling Fantom’s initiative. The aggregator wrote, “In a bid to tap into the booming $50 billion memecoin sector, Fantom, a layer-1 blockchain network, is taking steps to establish a safer envir…
The post <a href="https://coinedition.com/fantom-aims-to-attract-memecoin-traders-reserves-6-5m-ftm-report/" rel="noopener noreferrer nofollow">Fantom Aims To Attract Memecoin Traders, Reserves $6.5M FTM: Report</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Fantom Aims To Attract Memecoin Traders, Reserves $6.5M FTM: Report

Coin Edition

Other articles published on May 3, 2024

Crypto ETFs Begin Collaboration in Hong Kong

Saylor – “There will be no Ethereum ETF”

These Top Altcoins Are Thriving Despite The Current Market Dip

increased demand for trading of Hong Kong’s Virtual Asset ETFs soars

Bitcoin ETF Launch Appears to Mirror BTC Price Trends, Analysis Reveals

Chainlink (LINK) Experiences 5% Price Boost as Over $50 Million Worth of Tokens Change Hands

Join our free newsletter for daily crypto updates!