Developer Announces Altcoin Support and Meme Coin Project!

Andre Cronje, director of the Fantom Foundation, said in a statement on social media on April 7 that he had carefully reviewed various meme coins and that a framework could be created to launch, support and develop community-safe meme coins on Fantom. Here are the latest comments from the altcoin developer…

Andre Cronje takes action for meme coin

Fantom Foundation Director Andre Cronje stated on April 7 that the community is carefully reviewing various meme coins to launch community-safe meme coins on the Fantom platform. Cronje acknowledged that meme coins carry high risk and have the potential for fraud, and emphasized that it is important to create a framework in this area. Following these reviews, Fantom Foundation will develop a plan to support and develop meme coins.

Busy doing due diligence on memecoins so we can create a framework to launch, support, and cultivate community safe meme coins on Fantom has me like; pic.twitter.com/99KdTQdZ2z

— Andre Cronje (@AndreCronjeTech) April 7, 2024

Cronje adds support for altcoin SOL

Andre Cronje also reiterated his support for the Solana (SOL) blockchain. Cronje made a statement regarding Solana's recent overload due to meme coins and the inability to carry out transactions. However, Cronje stated that this is not a failure of Solana, but a testament to its evolving ecosystem. Cronje commented on Solana's increasing demand for block space as an indication of the platform's popularity and the expansion of its ecosystem.

On the other hand, during this period when Cronje announced his support for Solana, some performance problems experienced by the blockchain also came to the fore. As Kriptokoin.com reported, users encountered the problem of not being able to carry out their transactions due to network congestion caused by meme coins. However, Cronje argued that Solana's current problems are a result of its success and an indicator of the platform's increasing demand for block space.

### What will happen to Solana? ?

After Cronje reiterated his support for Solana, differing opinions emerged among the blockchain community and users regarding the future of Solana. While some users appreciated that Solana made efforts to fix performance issues, others stated that the platform needed to resolve these issues quickly.

As a result, Andre Cronje's work at the Fantom Foundation and his support of Solana have become a major topic of discussion in the cryptocurrency world. The launch of community-safe meme coins on the Fantom platform and the performance issues experienced by Solana will continue to be an important reference point for the future and technological developments of the cryptocurrency world.

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