Download App
iOS & Android

Fantom (FTM) Up 10% After Cronje Article – Is $0.31 Possible?

The 69th largest cryptocurrency by market capitalization, Fantom (FTM), has shown relative strength over the past seven days, rising 29%. Over the past 24 hours, it even stands at a gain of 10%.

Today’s surge comes after DeFi star programmer Andre Cronje published a Medium post about the “crypto company” Fantom, detailing its financial history.

In the article, Cronje describes that Fantom started with $40 million, mostly in ETH with an average price of $450 to $700. Due to the crypto winter at the time, Fantom shad to sell its ETH for less than $5 million.

After that, Fantom decided to go on a tough austerity drive, with a complete marketing freeze and only the most necessary staff. Among other things, listing fees for exchanges and sponsorship fees for influencers were never to be paid again.

(by Jake Simmons)


All Comments

Recommended for you

  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.
  • Governance is dead, long live TOKENS

    A popular trend kicked off by the Compound Protocol in the Spring of 2020 was governance tokens for DeFi protocols. The dream of governance tokens was a beautiful ideal. Simply by using a protocol, you would automatically and freely receive ownership of it. Decision making around the protocol would be decentralized allowing thousands and ultimately millions to have their say and vote on changes to the protocol.
  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • POINTS² : web3’s attempt to lure LPs

    POINTS² : web3’s attempt to lure LPs by gamifying protocol airdrops with referrals and ‘play to earn’ logic How DeFi becomes a playground for point hunters who seek to amplify their protocol airdrops by signing up their friends and family to earn ‘points squared’. DeFi represents a transformative shift moving away from Banks as we know them toward a less centralized model: peer-to-peer finance — where everyone can participate at any time.
  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
  • Cointime January 7th News Express

    1.Ordinals’ cumulative fee income exceeds 5,400 BTC
  • Cointime December 31st News Express

    1.Linea mainnet has crossed 305,685 ETH
  • Skip Incident Report: Sim Swap — December 17 2023

    This is a report on the “sim-swapping” attack Skip suffered on December 17th, the immediate steps the team took to mitigate it, and the longer-term changes the team is making to improve its security posture structurally.
  • Looking ahead: What will the DeFi evolution look like in 2024?

    The primary missing piece in DeFi is what it’s sought to avoid: regulation. But over the past 12 months, the UK and EU have made several significant steps towards creating an innovative and enduring digital economy by building out the digital assets regulatory regime.
  • Token Bonds & Protocol Owned Liquidity — a sustainable growth model for productive Treasuries.

    How token bonding mechanisms and Protocol Owned Liquidity (POL) can help any project bootstrap a diversified and healthy Treasury and grow it in a sustainable and predictable manner.