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Fantom Meme Season Campaign Launched To Attract New Users And Developers

source-logo  coincu.com 28 May 2024 04:13, UTC

Key Points:

  • Fantom launches Meme Season campaign with a 10 million sFTMx token reward pool to attract new users and developers.
  • The Fantom Meme Season campaign’s first round runs from June 1 to June 30.
  • Fantom transitions from Opera to the new Sonic chain, offering higher throughput and Ethereum connectivity.
The Fantom Foundation has unveiled the Fantom Meme Season campaign, a strategic initiative aimed at drawing new users and developers by showcasing Fantom’s cutting-edge technology.

Fantom Meme Season Campaign Launched

The Fantom Meme Season campaign centers on both the current Opera network and the soon-to-be-launched Sonic chain, focusing primarily on memecoins.

Memecoins, as defined by the campaign, are ERC-20 tokens with no monetary incentives or products. These coins emphasize community, social connections, and meme culture and must not serve as governance, tax, or emission tokens.

The campaign’s structure includes a reward pool of 10 million sFTMx tokens, which will be distributed across several rounds. The first round, running from June 1 to June 30, features a reward pool of 1 million sFTMx tokens. These tokens are liquidity-pledged FTM tokens via Beethoven X.

Prizes for each round are determined based on a point system, with the highest-scoring memecoins ascending the leaderboard. The top three memecoins at the conclusion of each round will be declared the winners.

Transition from Opera to Sonic Chain Enhances Network

Launched in 2019, Fantom‘s Opera network is an EVM-compatible Layer 1 blockchain known for its high processing speed and low transaction costs, making it ideal for DeFi projects. The network is soon to transition from Opera to the Sonic chain, a new Layer 1 project boasting higher throughput while retaining connectivity to Ethereum via a custom Layer 2 bridge. This bridge ensures Sonic leverages low costs and scalability while attracting Ethereum assets.

The Fantom Meme Season campaign is a deliberate effort by the Fantom Foundation to boost user engagement and developer activity. By leveraging the features of both Opera and the forthcoming Sonic chain, the foundation seeks to highlight its technological advancements and expand its user base.

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