Andre Cronje, a blockchain coder best known for his work on the Fantom ecosystem, has developed a fresh way to protect meme coins. Cronje wrote an in-depth blog post about a way to make Fantom meme coin projects less risky. Open tokenomics is what the plan is based on.
Cronje discussed some of people’s most common fears about meme coins, such as selling team tokens, early investors getting their funds back, developers leaving, and creators staying in charge after the start. In the past few months, many cases of cash grabs and rug pulls have brought these worries to light. This shows that the system needs to be more stable.
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Cronje’s main idea is to use up to 10% of the token supply for marketing costs. These could be covered by things like airdrops, exchange listings, Key Opinion Leader (KOL) deals, and social media ads. This part of the stock would be kept safely in an address with three signatures, requiring three separate approvals.
Cronje also suggested that 5% of the coin supply be set aside to pay for the meme team’s costs and the other 85% be put into a liquidity pool that works with Fantom’s cryptocurrency, FTM.
As an extra safety measure for the ecosystem, Cronje suggested giving 100,000 FTM to any Fantom-based automated market maker the meme coin community picked. He also said that the LP should withdraw and burn liquidity if its FTM shares went over two million FTM. This would stop any possible market manipulation.
Cronje stressed the need for strict tokenomic rules, saying that the meme coin shouldn’t have any minting or ownership features. He also promised to watch over the start of the project on X, which was done to ensure that the ecosystem was honest and followed the rules.
Because of Ethereum and Solana’s troublesome meme projects, Cronje clarified that he would not support offensive or wrong projects. He used real people as examples. This job shows that he is serious about keeping morals and making the community a good place to live.
With his thorough plan, Andre Cronje makes Fantom’s meme coin world safer and last longer. By implementing clear tokenomics and strict rules, Cronje wants to lower risks and promote responsible innovation in the growing meme coin space.
