Fantom's Initiative to Boost dApp Development

Fantom's New Proposal for dApp Developers

Fantom, a directed acrylic graph network, has introduced a proposal aimed at enhancing its decentralized application (dApp) ecosystem. This initiative includes an affiliate program specifically designed for dApp developers, which will be funded through network gas fees.

Adjusting FTM Token Burn Rate

To finance this new program, the Fantom community suggests reducing the current FTM token burn rate from 20% to 5%. This adjustment aims to allocate more resources towards incentivizing dApp developers within the network.

Incentives for dApp Transactions

Developers who wish to benefit from this program must meet specific criteria. Eligible dApps are required to have processed at least 1,000,000 transactions and must have been operational on the Fantom Opera network for a minimum of three months. Once approved, developers can claim 15% of the total gas fees generated by their dApps.

Attracting Talent in the Web 3.0 Space

Fantom's strategy is not to rival platforms like YouTube or Twitter directly but to continuously attract and retain high-quality talent in the Web 3.0 domain. This move is part of a broader effort to foster innovation and growth within the Fantom ecosystem, positioning it as a competitive player in the decentralized application space.

This initiative reflects Fantom's commitment to supporting its developer community, aiming to stimulate development and enhance its network's offerings. By adjusting the tokenomics and providing tangible rewards, Fantom seeks to create a thriving environment for dApp innovation.