According to a new proposal dated December 1, the network of directed acyclic graphs Fantom is looking to implement an affiliate program for its decentralized application, or dApp, developers with network gas fees. To fund this venture, the Fantom community has proposed to reduce the protocol’s current FTM token consumption rate from 20% to 5%. Supporting the proposal, the Fantom developers wrote:
“We took what works on web2 and retooled it to fit the network’s priorities, which means taking the ad monetization model and extending it to gas monetization to make dApps that manage to attract a steady stream of users.” .
The development team further explained that Fantom’s Opera network [constructor nativo de dApps] “does not compete directly with YouTube or Twitter” but instead seeks to “continually attract and retain top-level talent” in the Web 3.0 space. To be eligible for the potential incentive, dApps must have registered 1,000,000 transactions or more and have spent three months or more on the Fantom Opera network. Upon approval, developers will be able to claim 15% of the total gas fees spent on their dApp.
New governance proposal: dApp Gas Monetization Program
This gas monetization program will seek to reward high-quality dApps, retain talented creators, and support #Fantom‘s network infrastructure.
Read the full detailshttps://t.co/GVBAWXqXBO
— Fantom Foundation (@FantomFDN) December 1, 2022
New Governance Proposal: dApp Gas Monetization Program
This gas monetization program will seek to reward high-quality dApps, retain talented creators, and support #Fantom’s network infrastructure.
Nevertheless, The Fantom Foundation said that it “reserves the right to stop any payment flow indefinitely for any reason, including if fraudulent user activity is suspected or if the Foundation believes it is in the best interest of the Fantom ecosystem.”. Currently, a total of 8.36 million FTM tokens have been burned since the Fantom mainnet launched in 2019. Voting for the proposal is ongoing and requires a minimum participation of 55% of FTM token holders to be approved.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
