Fantom (FTM) Allocates $6.5M to Woo Memecoin Traders: A Strategic Move in Crypto Market
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- Fantom Foundation is making a strategic move to become a part of the booming $50 billion memecoin sector.
- The blockchain network plans to incentivize developers by reserving $6.5 million worth of its native FTM tokens.
- CEO Michael Kong emphasizes the importance of security and privacy in creating a safer environment for memecoin trading.
Fantom Foundation is venturing into the $50 billion memecoin sector, earmarking $6.5 million in FTM tokens for developers. The initiative aims to foster a safer memecoin trading environment, highlighting Fantom’s commitment to security and privacy.
Fantom Foundation Eyes Memecoin Sector
Fantom, a Layer 1 blockchain network, is setting its sights on the lucrative memecoin sector, currently valued at $50 billion. The blockchain network is reserving $6.5 million worth of its native token, FTM, as a reward for developers who contribute to the ecosystem.
Creating a Safer Memecoin Space
CEO of Fantom Foundation, Michael Kong, has expressed the platform’s commitment to creati... Read the full article for FREE at COINOTAG!
