Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Andre Cronje proposed a plan to issue meme coins on the Fantom network, addressing risks such as team dumping tokens and removing liquidity.
Issuing and trading meme coins has become a fun and multibillion-dollar sector among crypto investors in the past year. An ongoing meme coin frenzy on Solana andhas netted millions in profits for platform owners and users, but it comes with risks for the community and investors. “Up to 5% of the tokens to support the meme team expenses. This will be locked in a multisig requiring signatures from 2 project members and at least 1 foundation member,” Cronje said.
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