As a long term supporter and ofc shilling
$FTM /
$S for years I have to share my opinion about the current state.
It was all over the TL that
@AndreCronjeTech changed his Bio and deleted his Medium articles.
Many know that I also was very critical over the last 12 months which Andre didn’t like which ended up with blocking, followed by conversations and kind of finding a way to keep things the good way.
This is no d!ck sucking to Andre by the way but I believe to understand what is going on here.
Many don’t know,
$FTM was there before Andre, they raised 20-40M promising to create the Fantom Blockchain.
Andre came in and actually created the EVM Fantom Blockchain, outperforming Eth by far and than the DeFi part started in 2021 which ofc had hick ups.
Mercedes Benz tests cars 5 years before they go to market, in DeFi we had 5 weeks and now 5 days if not 5hrs so ofc there will be bugs.
Long story short, many people took advantage of
$FTM and cashed out Millions in 2021 and some milked the protocol even harder while certain trials with Countroes fell apart due to war situations.
While Luna and FTX collapsed also
$FTM collapsed and the entire ecosystem.
Been in a very bad bear market
@AndreCronjeTech and
@michaelfkong with Schulz came together to develop the next next stage, the fastest Blockchain in the World.
Launched end of 2024 Sonic arrived with a rebranding from Fantom to Sonic and we got
$S for
$FTM
While
$FTM was on major exchanges the transition was very difficult and the migration didn’t go well which ofc had a price impact.
$FTM was trading in November 2024 at around $1.40.
Long story short, eco system strifed for a while bit the
$S price were tanking and people started to critize Andre, including me.
A year later,
$S is trading below 10c and people still blame Andre while he said for years now, that he is not the main guy and helped with the tech.
So instead of giving him shot the question is, who is running the previous Fantom and now Sonic Foundation.
@michaelfkong stepped down as CEO and was replaced with
@MitchellDemeter which has not really a clue of the tech while running the Sonic Strategy on the “famous”Canadian Exchange.
So what is the qualification here?
What is the qualification of the BD Sam and who has any qualification at all on Sonic Labs?
That said, I understand Andre for pulling out since there moght be no future for Sonic as a Chain and clearly not for
@SonicLabs
RIP
$FTM and
$S
Really had conviction.