After a break, cryptocurrency developer Andre Cronje wrote a Fantom blog post.
Fantom's cash flow-positive treasury has a 30-year runway, according to DeFi architect Andre Cronje.
Is cash flow positive and that it has a 30-year runway.
Andre Cronje, a well-known cryptocurrency developer and the creator of several projects, recently wrote a blog post on Fantom after taking a break from the industry for a while.
Fantom
Fantom touts itself as a platform for the upcoming generation of distributed ledgers that offers consensus-as-a-service (CaaS). For further market dominance, the network competes with companies like Avalanche, Polygon, and Solana.
Andre Praises the Treasury of Fantom
A well-known figure in the DeFi community named Andre Cronje asserts that the Fantom blockchain project, on which he advises and is a main architect, makes more than $10 million in yearly revenue and is cash-flow positive.
He just provided financial information for the project, covering the period from 2018 to the present. Andre stated that the Fantom team has assets worth more than $300 million, although he could not specify how much of that was cash. Andre stated, "We are still scaling up."
Andre Cronje estimates that Fantom's reported treasury is made up of about 450 million FTM, or about $85.7 million. In addition, there are $100 million in stablecoins, $50 million in other non-crypto assets, and another $100 million in unreported cryptocurrencies.
The purpose of Andre's post
Cronje's blog post comes at a time when many crypto-native businesses and projects are under the pressure as a result of the ongoing market instability brought on by the FTX collapse; several of these businesses and projects have already started bankruptcy proceedings.
Investors who were worried about the company's financial stability will find Andre's blog to be a breath of fresh air. According to Andre, the company, which currently has more than 40 employees, has a 30 year runway.
Andre's Crypto Learnings
Andre also discusses the lessons he discovered while working briefly in the cryptocurrency industry. Avoid attempting to outbid rivals for partnerships, listings, and integrations. The foundation owns comparatively little FTM compared to most of our rivals.
Andre took a shot at his rivals by stating outright that many of the crypto projects he is familiar with solely generate revenue through the sale of their tokens. They plan to travel in the exact opposite direction once in Fantom.
