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

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

The muse referred to Conje as a “huge image man” who had labored carefully with the CEO, however famous that his determination to go away the crypto world would haven’t any impression on the community. Growth will keep it up as scheduled, the muse explains, and are nonetheless on observe to ship notable upgrades anticipated within the quick 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 function as a key participant on the Fantom community. This is the reason 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 mentioned that it was “not a knee-jerk response to the hate acquired from releasing a mission, however a choice 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 stability after this however proceed to endure results from the information.

Fantom (FTM) price chart from

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

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