Andre Cronje also touched on the meme coin issue, which Vitalik Buterin, one of the founders of Ethereum, mentioned last week and which cryptocurrency investors have recently invested serious amounts.

Cronje, founder of the Fantom Foundation and also Yearn Finance, stated that meme coins can cause great damage to other investors due to early investor and team sales, so various measures should be taken in this sense.

“I will not be assisting any meme that I consider to be offensive,…”

Stating that he can be reached via X and Telegram for a meme coin to be issued on the Fantom network, Cronje said, “I will not be assisting any meme that I consider to be offensive, or makes reference to any real person or project)”

Cronje, who also put forward various conditions for the meme token to be issued on the Fantom network, said the following:

“Up to 10% of tokens can be allocated for marketing related expenses (exchange listings, promotions, kol otc, airdrops, etc). This will be locked in a multisig requiring signatures from 2 project members and at least 1 foundation member. Up to 5% of the tokens to support the meme team expenses. This will be locked in a multisig requiring signatures from 2 project members and at least 1 foundation member.”

Stating that the remaining 85% can be put into a pool with FTM support, Cronje said, “An amount of 100,000 FTM will be provided. Any Fantom based AMM can be nominated for LP. Should the FTM in the LP token reach at least 2,000,000 FTM, the original provided 100,000 FTM (5%) will be removed to cover the initial cost and the rest of the LP will be burned.”

Cronje also stated that every Fantom-based liquidity provider can also be involved in the project / projects.

Stating that more than 1% token purchase will be prevented in each transaction, the developer said that this will prevent large purchases at the beginning of the project and prevent price drops due to large sales by early investors.