Fantom Foundation Director Andre Cronje Outlines Community Token Framework

According to BlockBeats, Andre Cronje, a director at the Fantom Foundation, has published a blog post detailing the framework for his designed community meme coin. The token distribution plan is as follows: a maximum of 10% of the tokens will be allocated for marketing-related expenses, 5% of the tokens will be used to support team expenses, and the remaining 85% of the tokens will be placed in the FTM/token LP within the foundation's multi-signature. This framework provides a clear structure for the distribution of tokens within the community. The allocation for marketing-related expenses ensures that the token can be effectively promoted, while the allocation for team expenses supports the ongoing development and maintenance of the token. The majority of the tokens being placed in the FTM/token LP within the foundation's multi-signature ensures the security and stability of the token. This announcement by Cronje provides a clear and transparent framework for the community meme coin, which could potentially serve as a model for other similar projects in the future. The allocation of tokens is clearly defined, with the majority being secured within the foundation, ensuring the long-term sustainability of the project.