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

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