.FantomFDN will reward projects that utilize its network and contribute toward high usage of gas fees in a bid to drive increased demand for block space. By shauryamalwa.
Eligible applications will be rewarded 15% of the gas fees they produce, providing developers with marginal extra income.
That proposal sought to reduce fantom’s current burn rate in order to redirect more network fees directly to applications building on Fantom. Now that it has passed, the implementation will reduce Fantom’s burn rate from 20% to 5% and redirect the 15% reduction toward gas monetization. Gas refers to a type of fee paid by blockchain users in the native token of that blockchain, such as fantom in this case. Fees on Fantom are fractions of a few cents per transaction, but add up to a significant amount over time – one that is borne by the users of Fantom-based projects.
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