News/Andre Cronje: Fantom Currently Owns Over 450 Million $FTM

Andre Cronje: Fantom Currently Owns Over 450 Million $FTM

Nov 28,2022,14:16

Andre Cronje posted that Fantom currently has over 450 million $FTM (about $81 million), about $100 million worth of stablecoins, over $100 million in other crypto assets and $50 million in non-crypto assets. Salary burn rate $7 million per year. In addition, Fantom currently generates over $10 million in annual revenue, excluding any capital gains.

Andre Cronje emphasized that Fantom's cash flow is positive and that they are still scaling.

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