As a professional translator, I would translate the news article into English as follows:
This year, the cryptocurrency market has been dominated by meme coins, and industry professionals and investors have started to transform meme coins from purely speculative assets into a quantifiable “cultural spirit”. The vibrant development of meme coins has also attracted a large number of users to the Solana ecosystem. In order to redirect this trend towards the Fantom ecosystem, Andre Cronje, co-founder of Fantom and hailed as the father of DeFi, today provides recommendations for those interested in issuing meme coins on Fantom and organizing communities.
Andre Cronje believes that the biggest risks for users of meme coins are:
– Team selling tokens
– Early investors selling large quantities
– Liquidity being drained
– Tokens having control access permissions
A successful meme coin should minimize these risks to the greatest extent possible. Andre Cronje believes that tokens must eliminate minting or ownership functions, and at most, only 10% of the total supply of tokens can be used for market-related expenses (such as exchange listings, promotions, over-the-counter trading with opinion leaders, airdrops, etc.). These tokens will be locked in a multi-signature wallet that requires signatures from 2 project members and at least 1 foundation member.
In addition, a maximum of 5% of the tokens will be used to support team expenses. These tokens will also be locked in a multi-signature wallet that requires signatures from 2 project members and at least 1 foundation member.
The remaining 85% of the tokens will be placed in the “FTM/token” liquidity pool in the foundation’s multi-signature wallet, and 100,000 FTM will be provided as liquidity. Any Fantom-based automated market maker (AMM) protocol can be nominated as a liquidity pool. If the FTM in the liquidity pool reaches at least 2,000,000 FTM, the initially provided 100,000 FTM (5%) will be removed to cover the initial costs, and the remaining liquidity will be burned.
Andre Cronje urges:
