Just recently, legendary DeFi developer Andre Cronje is back. altcoin project Phantom (FTM) The Fantom Foundation, the organization behind it, has made buybacks for a large number of FTM ecosystem tokens.
Phantom Foundation Uses Trust Funds for Altcoin Purchases
The Fantom Foundation has recently started using Foundation funds to repurchase project tokens that help the Fantom ecosystem.
Previous morning sub-430,000 FTM tokens (BOO, BEETS, BRUSH, GEIST, MMY and EQUAL) used to buy.
Recently, 420,000 FTM was used to purchase five more tokens: BOO, BEETS, GEIST, MMY and EQUAL.
As the next step in his successful career in Yearn.finance and other ecosystems, Andre Cronje was appointed a board member of Fantom Operations Ltd and Fantom Foundation Ltd.
The move was announced on Cronje’s personal medium blog, along with an update on what awaits the Phantom network.
The newly appointed board member, Fantom’s last year cryptocurrency He emphasized that he was not affected by the problems that shook the market. In fact, Phantom was set under similar circumstances, and according to Cronje, he says he knows how to weather the storm:
“Bull markets are when we get paid for our hard work during a bear market. Those who reap the bull’s fruits are those who continue to build, grow and develop. We were born in a bear market. This is a period that we are used to and very adaptable to.”
Cronje also states that the team at Fantom is focused on building tools for developers, and they don’t plan to be distracted by gamefi, crashing exchanges, NFTs, and the like.
*Not investment advice.
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