Andre Cronje: Welcome to Fantom to find me for meme coin issuance, with a "safer" approach to meme coins.

As the hype around cryptocurrencies and meme coins continues to escalate, renowned developer Andre Cronje has put forth a new set of standards addressing the risks prevalent in the market. His proposal aims not only to shield investors from the volatility of the market but also to establish a more transparent and secure investment environment for the entire community.

Meme Coin Market Risks

Andre Cronje outlined several common risks in the cryptocurrency market, including team token dumps, early investor sell-offs, liquidity removal, and token access control issues. These are the main threats to investors in the current market.

"Safer" Meme Coin Proposal

Andre Cronje's proposed solutions include several key points:

Community and Meme Coin Issuance

He mentioned that anyone looking to create a community or issue a meme coin for their idea can directly contact him via Telegram or Twitter. They need to provide the idea, graphics, name, token symbol, and concept. Andre Cronje emphasized that he will not assist with any memes he deems offensive or involving memes of real individuals or projects.

Token Distribution and Control

Up to 10% of tokens can be used for market-related expenses such as exchange listings, marketing, KOL OTC, airdrops, etc., and this portion will be locked in a multi-signature wallet requiring signatures from two project members and at least one foundation member. Additionally, up to 5% of tokens will be used to support team expenses, also locked in a multi-signature wallet.

Liquidity Pool and Initial Offering Collaboration

The remaining 85% of tokens will be placed in the foundation's multi-signature FTM/token liquidity pool. If the FTM in the liquidity pool reaches at least 2,000,000 FTM, the initially provided 100,000 FTM, which accounts for 5%, will be withdrawn to cover initial costs, and the remaining liquidity will be burned. Andre Cronje will assist in the token's initial offering on Twitter.

Trading Restrictions

Tokens cannot be bought or sold in a single trade exceeding 1% of the specified liquidity pool. This is to prevent buying frenzies during the initial offering and potential large-scale sell-offs by early members in the future, without affecting other created liquidity pools.

Through these measures, Andre Cronje's proposal aims to mitigate or at least suppress the identified risks in the market, creating a safer and more reliable investment environment for community members and investors.

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