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Michael Kong Profile
Michael Kong

@michaelfkong

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CEO/CIO at @FantomFDN . $FTM

Joined July 2016
Don't wanna be here? Send us removal request.
@michaelfkong
Michael Kong
2 years
I want to clarify a lot of misinformation going around, and share some upcoming Fantom news.
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@michaelfkong
Michael Kong
2 years
1/ As many of you are aware, Anton, who works with Andre, tweeted that they were “terminating” 25 projects. This was misunderstood. They are “terminating” their involvement, but handing over anything they run to the existing teams.
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@michaelfkong
Michael Kong
2 years
11/ The Fantom ecosystem consists of hundreds of developers building many great applications. They will continue.
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@michaelfkong
Michael Kong
2 years
Now available to all users!
@cryptocom
Crypto.com
2 years
Deposits and withdrawals of $FTM via Fantom have just been enabled on the App. Deposit now 👉 @FantomFDN
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@michaelfkong
Michael Kong
2 years
6/ As for the @fantomfdn , nothing changes operationally. All the core and middleware developers are working hard on the next updates.
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@michaelfkong
Michael Kong
7 months
I'm incredibly proud of the @FantomFDN team and their hard work. Special shoutout goes to Professor Bernhard Scholz, his team, and @GoFantom for their dedication to Sonic! This is just the beginning.
@AndreCronjeTech
Andre Cronje
7 months
100x in throughput 100x in blockspace -99% storage requirements -99% hardware requirements Can run on a Rasberry Pi Next stop mobile phones Give it a try
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@michaelfkong
Michael Kong
2 years
2/ Many of these projects have existing teams. For instance, Yearn Finance has been around for years:
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@michaelfkong
Michael Kong
2 years
5/ So no, these projects are not closing down development. Some of them have been running independently for years.
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@michaelfkong
Michael Kong
2 years
10/ We are continuously expanding our team of researchers and developers. We have some new members joining to accelerate our middleware (or “fvm”) development.
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@michaelfkong
Michael Kong
2 years
3/ @MultichainOrg ’s team has been around for years. They are a great team and I keep close contact with many of their developers. Multichain will keep running as normal:
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@michaelfkong
Michael Kong
2 years
7/ Snapsync: Fast syncing in a fraction of the time of a full node:
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@michaelfkong
Michael Kong
2 years
4/ I believe Andre ran one protocol on Fantom - @Solidly . @Solidex have announced they are taking over the Solidly UI:
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@michaelfkong
Michael Kong
2 months
We’re very excited to announce some of our angels over the coming weeks. To provide further clarity, their token allocation is coming from the existing Fantom treasury. We've listened to community feedback and are onboarding key DeFi players and investors in the space.
@FantomFDN
Fantom Foundation
2 months
A big welcome to the second angel investor joining our round! 🤝 Robert Leshner ( @Rleshner ) is the founder of Superstate and Compound 📊 @CompGovernance currently boasts $2.8b in assets. This sophisticated protocol establishes money markets where pools of assets contain
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@michaelfkong
Michael Kong
2 months
Professor Scholz’s friends and colleagues are joining as well. Pavlo Subotic (Senior researcher at Microsoft) is a recent hire. We are bringing the A team for Sonic 💪
@juanaxyz00
Juan
2 months
Your dev forked a github repo. My dev invented a programming language used by thousands of developers at companies like Oracle, and he has 132 academic publications about virtual machines. They are not the same. $FTM
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@michaelfkong
Michael Kong
2 years
9/ Flat storage: working on a variation to significantly improve the execution of smart contracts.
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@michaelfkong
Michael Kong
2 years
8/ LevelDb => PebbleDB on RPC nodes. So far reducing I/Os by ~90% during testing.
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@michaelfkong
Michael Kong
4 months
It will only get better.
@FantomFDN
Fantom Foundation
4 months
The #Fantom Sonic closed testnet is live again ✅ So far, the testnet has mainly processed transactions that resemble real traffic, composed of token transfers, mints, and swaps, which has allowed us to showcase the performance of Sonic in conditions that represent actual usage.
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@michaelfkong
Michael Kong
2 months
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@michaelfkong
Michael Kong
2 months
Looking forward to the new show! Happy to have @FantomFDN @theFantomgoat supporting it.
@FantomTalk
Fantom Talk
2 months
According to @juanaxyz00 , the marketing team of @FantomFDN has leaked some news: 1. A big name in the crypto world is very interested in #Fantom 🕵🏻‍♂️ 2. A $FTM talkshow will replace $FTM Alert on #Fantom 👀 Well, this may seem like ordinary news to others, to $FTM maxis, this is
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@michaelfkong
Michael Kong
2 years
This is pretty cool :)
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@michaelfkong
Michael Kong
4 months
@mr_pschmitt Andre created Fantom. Without him it would not exist.
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@michaelfkong
Michael Kong
7 months
@Nick_SR5 @Jacktheoiler @FantomFDN @austin_bbytes This post is outdated. With the first major upgrade scheduled to take place in January 2024, no hardfork is required. If we decide on a further upgrade (which has some advantages and disadvantages) a hard fork is required to be performed by node providers but not by smart
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@michaelfkong
Michael Kong
7 months
@thecoindaddy @Jacktheoiler Fvm is just one component of Sonic. Sonic is substantially improved compared to the existing Opera Chain. It includes: - Fantom Virtual Machine (“FVM”): Better performance compared to EVM. -New database storage (Carmen): Substantially reduced data size for nodes, significantly
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@michaelfkong
Michael Kong
5 months
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@michaelfkong
Michael Kong
3 years
Thanks @aleygreenblo from AWS for the interview!
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@michaelfkong
Michael Kong
2 years
Congrats to @BalthazarTeam !! A project @FantomFDN has supported early on :).
@BalthazarDao
Balthazar
2 years
1/3 🦉 𝐌𝐀𝐉𝐎𝐑 𝐄𝐕𝐄𝐍𝐓 𝐀𝐍𝐍𝐎𝐔𝐍𝐂𝐄𝐌𝐄𝐍𝐓: 𝐌𝐈𝐋𝐋𝐈𝐎𝐍 𝐃𝐎𝐋𝐋𝐀𝐑 𝐒𝐏𝐋𝐈𝐍𝐓𝐄𝐑𝐋𝐀𝐍𝐃𝐒 𝐍𝐅𝐓 𝐔𝐍𝐁𝐎𝐗𝐈𝐍𝐆 We are super excited to announce our Million Dollar Splinterlands Unboxing Event 1PM March 17 UTC.
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@michaelfkong
Michael Kong
6 months
@Oncryptobreak @FantomFDN @AndreCronjeTech Our team is here for the long term. Many of our team members have been involved for years. They build through the good and bad. Those are the sorts of people you want on your team forever.
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@michaelfkong
Michael Kong
2 years
Appreciate the opportunity! @FantomFDN
@NewToTheStreet
New to The Street
2 years
New to The Street TV Airs Fantom Foundation TV Interview @FantomFDN @michaelfkong @ExploringBlock @EmergingGrowth1
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@michaelfkong
Michael Kong
7 months
@paintoshi Thank you for your feedback!
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@michaelfkong
Michael Kong
7 months
Anyone play the text-based games Utopia or OpenDominion?
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@michaelfkong
Michael Kong
2 years
Happy to be sponsoring this on behalf of @FantomFDN !
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@michaelfkong
Michael Kong
7 months
@BigBodie12 @dangi_zagreb @FantomTalk @FantomFDN @DoubleyouW3 @aj_alexjacobi @CryptoDinduz @Tweak896 @FantomKingHodl @Defi_Doctr @SpiritualCrypt1 @Nick_SR5 @KrisMeta Fantom has had bottlenecks in the past. This goes a long way to solve this. Transaction confirmation times decrease dramatically, especially during lower tps. Significantly decreased storage requirements makes it easier to projects and validators to run nodes. Successful
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@michaelfkong
Michael Kong
7 months
@victor__ego @AndreCronjeTech @Nick_SR5 @Jacktheoiler @FantomFDN @austin_bbytes @AndreCronjeTech is very much involved in Fantom and working hard! He just retweeted this post.
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@michaelfkong
Michael Kong
2 years
Thanks @Yieseanteoh for the opportunity!
@FantomFDN
Fantom Foundation
2 years
Great interview of Fantom CEO @michaelfkong by @Yieseanteoh ! A complete overview of the origin of Fantom, what makes it different, and how Fantom will play a key role in the future. Spotify: Apple: Google:
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@michaelfkong
Michael Kong
2 years
!!IMPORTANT!! Please check carefully everyone as it might impact you.
@Tweak896
Tweak896.ftm
2 years
Be sure to do this! == THIRD-PARTY CRITICAL VULNERABILITY WARNING If you have ever used Multichain/Anyswap, visit their page and check/revoke approvals for vulnerable tokens: Make sure to check all chains! Full instructions here:
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@michaelfkong
Michael Kong
7 months
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@michaelfkong
Michael Kong
7 months
@CryptoDinduz You are correct!
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@michaelfkong
Michael Kong
7 months
@Iceman55302 @AndreCronjeTech Thank you for your support!
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@michaelfkong
Michael Kong
7 months
@web3_ftm @Jacktheoiler Sonic consists of 3 major components: - Fantom Virtual Machine (“FVM”). - New storage system (“Carmen”): We found a way to significantly decrease storage size and increase performance. - Several major optimisations to “go-opera” and consensus.
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@michaelfkong
Michael Kong
7 months
@ACryptoniano Hello I am
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@michaelfkong
Michael Kong
5 months
@_Crypto_Bull Thank you friend 🙏
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@michaelfkong
Michael Kong
4 months
@mr_pschmitt @AndreCronjeTech @FantomFDN Thank you very much for your kind words and support friend 🙏🙏. We will catch up in the future!
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@michaelfkong
Michael Kong
3 months
@mr_pschmitt @theFantomgoat @SjHarcourt @FantomFDN Thank you for your support. I like your posts 🫡
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@michaelfkong
Michael Kong
3 years
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@michaelfkong
Michael Kong
2 years
@kaido_sss @theotherpomp Anton was not a member of the team.
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@michaelfkong
Michael Kong
7 months
@CryptoDinduz @ShakaOz You are 100% correct. Thanks for your support!
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@michaelfkong
Michael Kong
20 days
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@michaelfkong
Michael Kong
4 months
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@michaelfkong
Michael Kong
7 months
@ASusyRua @Jacktheoiler @Nick_SR5 @FantomFDN @austin_bbytes Hark fork wouldn’t necessarily lead to a new token. It’s a method of upgrading that would take some time (compared to a “soft fork”). Like how Ethereum can hard fork. Still the same Ethereum chain.
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@michaelfkong
Michael Kong
7 months
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@michaelfkong
Michael Kong
7 months
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