Andre Cronje wants "#Memecoin safer" on #Fantom

The godfather of DeFi, the boss of the Fantom system, has just proposed a new mechanism to make "memecoin safer on Fantom"

👉 The goal is to create a safer environment for the memecoin speculation community. Address risks such as tokens being sold off, liquidity withdrawal, community embezzlement from the development team or large funds.

👉 Token allocation:

- Maximum 10% for marketing costs (listing, advertising, KOL, airdrop,...), these tokens will be locked in multisig

- Maximum 5% for team activities, these tokens will also be locked in multisig

- The remaining 85% is put into the FTM/token liquidity pool in the foundation's multisig. Fantom will initially grant 100,000 FTM to support the project. Liquidity pools can be created on any Fantom AMM DEX

- If the amount of $FTM in the liquidity pool reaches >= 2,000,000 FTM, the initial 100,000 FTM will be withdrawn and the rest of the liquidity pool will be burned

👉 About Tokens:

- No mint function or ownership

- Buy/sell limit <span liquidity pool in one transaction to avoid price manipulation and dumping large amounts of tokens