TechFlow reports, Andre Cronje, co-founder of the Fantom Foundation, has published a post introducing a community meme coin framework he designed to enable the secure creation of community-driven meme coins on Fantom.
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He proposes allocating up to 10% of tokens for marketing-related expenses, requiring approval signatures from two project members and at least one foundation member; up to 5% of tokens can support team expenses, also requiring multi-signature authorization.
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The remaining 85% of tokens will be allocated to liquidity provision (LP), with an initial 100,000 FTM provided—any AMM based on Fantom may nominate itself.
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If LP reaches at least 2 million FTM, the initial 100,000 FTM will be removed and the remaining LP tokens burned.
The token will have no minting or ownership functions. Initial LP deployment will be coordinated by him via Twitter. No single transaction is allowed to exceed 1% of the LP pool.
Earlier on April 7, Andre Cronje: Currently busy conducting due diligence on memecoins.
