Fantom allocates $6.5 million to promote "safer memecoins"

The Fantom Foundation allocated $6.5 million for its FTM token to support the development of the safer memecoin project. The move is aimed at curbing the prevalence of scams in the cryptocurrency field. The foundation is strengthening security measures to promote user growth and prevent fraud. Co-founder Andre Cronje proposed measures to require developers to work with the foundation to launch tokens and control initial liquidity. However, there are still challenges, such as the BONKKILLER memecoin incident on Solana.

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