Andre Cronje announced his designed meme coin framework: Marketing and team expenses should not exceed 15%

Golden Finance reports that Andre Cronje, co-founder of the Fantom Foundation, has written an article outlining his design for a community meme coin framework. He stated that the goal is to create a safer environment for communities and investors by mitigating risks such as team token sales, large-scale sell-offs by early investors, liquidity removals, and token access control. The proposal allows those who wish to launch community/meme coins to directly contact them and allocate up to 10% of tokens for marketing expenses and up to 5% for team expenses. The remaining 85% of tokens will be used for FTM/token LPs with restrictions set in place to prevent purchases or sales exceeding 1% of the specified LP pool in a single transaction in order to reduce initial rush buying and massive dumping by early members. This token does not have minting or ownership functions. It also prohibits purchases or sales exceeding 1% of the specified LP pool in a single transaction.