Memcoins may be integrated into the Fantom ecosystem

April 9 Cronje rolled out fastwhich described a system for creating a safe environment for communities and investors of “meme” coins.

Memecoins on Fantom are becoming a reality

Originally on April 7, Fantom founder wrote at X (formerly Twitter), which is actively exploring memcoins and thinking about their potential integration into the FTM ecosystem. As follows from the message, he has been doing such a tedious task for a very long time:

Today, Cronje officially announced the appearance of “meme” coins on Fantom. According to a post published on Medium, anyone interested in starting a memcoin can contact him directly.

Cronje’s token distribution plan is as follows:

• 10% for marketing expenses;
• 5% – for project team expenses;
• the remaining 85% is converted into FTM and liquidity tokens (LP).

To enhance security, each step will require the signature of at least two project members and one representative of the Fantom Foundation.

Additionally, an individual user will not be able to buy or sell more than 1% of the nominated LP pool in a single transaction. In this way, it will be possible to minimize the likelihood of coins being dumped by early participants, Cronje believes.

Could Fantom benefit from memcoin integration?

The meme coin sector has been experiencing a huge surge in activity since late last year. It all started with the hype around memcoins in the Solana (SOL) ecosystem, but later spread to other networks.

According to CoinGeckocurrently the capitalization of the once niche area in the crypto market is more than $65 billion.

The top three by capitalization now include Dogecoin (DOGE), Shiba Inu (SHIB) and dogwifhat (WIF). The last coin appeared on Solana only in December 2023, but in a few months it managed to raise its market value to $3.9 billion, displacing sector veteran Pepe (PEPE).

The emergence of a rapidly growing niche on Fantom could increase the popularity of the network, attracting new users and developers. Arthur Hayes and Vitalik Buterin have already spoken about the value and usefulness of “meme” coins, who noted the positive aspects of the memecoin mania.