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Andre Cronje released the meme coin framework he designed: marketing and team expenses should not exceed 15%

Andre Cronje released the meme coin framework he designed: marketing and team expenses should not exceed 15%

CointimeCointime2024/04/09 05:59
By:Cointime

Andre Cronje, co-founder of Fantom Foundation, explained the community meme coin framework he designed. He stated that the goal is to create a safer environment for the community and investors, to mitigate risks such as team selling tokens, early investors selling in large quantities, liquidity being removed, and token access control. The proposal allows people who want to launch community/meme coins to contact directly, allocate up to 10% of tokens for marketing expenses and up to 5% for team expenses. The remaining 85% of tokens will be used for FTM/token LP and set restrictions to prevent buying or selling more than 1% of the specified LP pool in a single transaction, to reduce initial buying frenzy and large-scale dumping by early members. The token does not have minting or ownership functions. The token does not allow buying or selling more than 1% of the specified LP pool in a single transaction.

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