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The Fantom Foundation, which is responsible for advancing the adoption of the Fantom blockchain, is a privately held company which for all intents and purposes has been run by Andre Cronje since 2018.
On Nov 28th, Andre released a medium article going through a timeline discussing some of the important checkpoints from a financial standpoint, giving us an inside look at the Fantom Foundation’s financial journey over the last 4 years. It is a fascinating look behind the curtains of the volatility a crypto company faces while trying to build out a product or service. Let’s go through them and see what we can learn from these insights.
🔗 Useful Tools 🔗
Ledger Hardware Wallet 👉
Trezor Hardware Wallet 👉
🔗 Useful Links 🔗
Andre Cronje’s Medium Article 👉
Fantom Foundation Website 👉
Fantom Foundation Discord 👉
Fantom Foundation Twitter 👉
⏲ Time Stamps ⏲
0:00 – Fantom Context
3:41 – Andre’s Medium article
8:57 – Fantom Foundation’s Financial Timeline
19:48 – “A few lessons learned”
21:41 – Financial Timeline Insights
25:13 – Income Insights
29:23 – Overview
36:56 – My Opinion; what this means and what happens next
40:06 – Closing thoughts
📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#Fantom #FTM #ftm #AndreCronje #FantomFoundation #FantomFinancials #NickDrakon #ReveloIntel
30 gedachten over “Andre Cronje Insights on Fantom Foundation Financial Position $FTM”
Thanks Nick 👍 Good info!
It's encouraging to have such a thorough look at the back room responsibility coming from a foundation that has been relatively irresponsible in their front facing biz dev.
Great breakdown. I had read the Medium article, but struggled to fully understand it. This was a huge help.
Excellent sir 👏
I'll admit it : the way Andre "left" the space and the way he "announced" his return were so unprofessional that I lost faith in the guy, and in Fantom in general (eventhough I still use the chain occasionally and love the fast/cheap experience). Thank you for making a video on this article as I wouldn't have taken the time to read it. Communication is clumsy coming from the Foundation/Andre but financially they're solid so there might be some hope after all.
Also I wish you all the success you deserve with your project
Gloves off! It's time to get aggressive 100%! I hope the Fantom Foundation sees this and follows suit. Great stuff, Nick!
Awesome, thanx Nick
Outstanding content as usual!
Allways there with the value Mr Drakon, thanks a bunch!
Top stuff Nick, as always. Andre’s recent posts and disclosures might well be signalling the start of Fantom, as you stated, getting aggressive.
Agreed with most of your commentary, except one important statement.
"Partnerships are easier to come by"
Big disagree. Crypto is absolutely hated right now, for damn good reason.
Also, "I had no desire, no desire at all, to operate a business in the crypto space." …..riiiiight lol
Excellent video Nick, it’s very helpful to have measured analysis from you while everyone else is foaming at the mouth. I’m a fan of the FTM network and hope they succeed, info like this is very promising indeed. Looking forward to the release of Revelo, wen token ser? 😂
I wish Fantom should communicate clearly their road map and tech advantage over other L1's. A lot of competitions out there w/ L2's, rollups and subnets. Fundamentally why should you invest in Fantom over other chains that are not beholden to a popular figure. I like using Arbitrum and have no idea who's running it. What happens when Andre leaves again? I don't mind his memes but the way he worded his departure left Fantom in a mess. Anyways I wish Fantom can shed some of the degen protocols/thinking and see future success!
Fantom copped so much for not spending on marketing and vc funding so it's nice to see one of my crypto investments in a good spot
I always thought you were a lot uglier / younger /nerdier because of your profile picture here and on Twitter. You are much better looking than that stupid picture ser…
This is super constructive content. 👏
350M , he can definitely find delta neutral strategies in defi to earn if he wanted to.
Great breakdown Nick, keep up the great work you are awesome! Thanks a lot for your time and effort for the community! 🙏
Wow, this channel is a gem… I hope you cover more projects that you are interested in
very insightful Nick, great analysis!
Awesome Nick. Thanks for taking the time to research and share. 👏🏽👏🏽👏🏽👍🏽
Fantom has managed to avoid basically all scams and network outages etc. Andre actually turned down a collaboration with Alameda research in January 2022.
Nick, thanks for your honest approach, brutally at times. I can tell your advice will make me a better retail investor. You’ve already clarified mistakes I’ve routinely made. So much appreciated!
Very amused by all the people stating how unprofessional Andre's behavior has been and how they lost all trust in him. Have you guys ever considered what going from 40m to 2m to 1,5bn will do to someones mental state? The fact that the Fantom Foundation still has a 300m+, diversified treasury after everything that has happened in 2022 is truely awe inspiring. Judge people by their actions and not by their tweets. @Nick, thanks for the video!
Love the insight mate. Long time ftm appreciator here and will always be
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