Fantom Foundation Responds To Andre Conje’s Departure |


Fantom Basis has responded to the information of Andre Conje exiting crypto. The announcement which got here early on Sunday noticed Anton Nell and Andre Conje announce their departure from crypto and decentralized finance (DeFi) and any contribution thereof. This had despatched shocked the neighborhood because it got here seemingly out of nowhere, leaving many questioning the destiny of the blockchain.

Fantom Basis had been fast to reply and handle these considerations, assuring the neighborhood that the departure wouldn’t adversely hurt the event of the challenge in any means. The muse defined that Conje’s contribution to crypto had been immense however that Fantom was not a “one-man workforce” which means that the exit of a single dev wouldn’t derail the challenge in any means.

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Moreover, Fantom Basis added that Conje was not a “core dev”. The challenge will proceed alongside in its improvement as there are greater than 40 others who proceed to work tirelessly in the direction of the success of the community. Along with lots of of builders and 100K+ distinctive addresses that proceed to hold out transactions on the community every day.

The muse referred to Conje as a “massive image man” who had labored carefully with the CEO, however famous that his resolution to go away the crypto world would haven’t any influence on the community. Improvement will keep on as scheduled, the muse explains, and are nonetheless on observe to ship notable upgrades anticipated within the brief time period.

Why Is Andre Conje Leaving Fantom?

Conje had been a notable determine within the Fantom neighborhood going way back to 2018 given his involvement and contribution to the event of the community. He additional went on to spearhead standard initiatives like Yearn Finance (YFI) and Keep3r Community, alongside others, additional solidifying his position as a key participant on the Fantom community. Because of this the dev’s exit has come as a shock.

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In an announcement that was posted on Twitter, Anton Nell defined that he and Conje had made the choice to go away crypto and DeFi. Explaining the reasoning behind this, Nell stated that it was “not a knee-jerk response to the hate acquired from releasing a challenge, however a call that has been coming for some time now.” Because of this they’ve been planning the departure for some time.

Following the announcement, the costs of initiatives Conje was concerned with had taken a plunge. Fantom’s FTM token had fallen 8% from above $1.5 to $1.39 and YFI had seen $3k wiped off its worth because it plunged from $20K to $17K. These tokens have since begun to seek out steadiness after this however proceed to endure results from the information.

FTM tumbles after Nell's announcement | Supply: FTMUSD on
Featured picture from CryptoWisser, chart from

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