The phenomenon of early investors causing a drop in market prices after a cryptocurrency’s launch is not uncommon. This could happen as a result of pre-sale raises, or if the coin’s developer sells a large amount of the cryptocurrency on the open market, negatively impacting new users. In a Medium post, Cronje proposed that a multi-sig holding 5% of the supply would be enough to fund the meme team’s expenses.
Additionally, an initial 100,000 FTM would be allocated to any Fantom-based market voted for by the meme coin community. Cronje also suggested withdrawing this amount and burning liquidity if the LP’s FTM exceeded two million FTM. Notably, the meme coin was specified to have no minting or ownership features.
Furthermore, Cronje offered to oversee the project’s launch on X, emphasizing that the token should not allow purchases or sales greater than 1% of the nominated LP pool in a single transaction.