1 year ago
Developers volition get a 15% chopped of the fees they generate, but lone if their app has done much than 125,000 transactions and has existed for 3 months.
A caller programme from the Fantom Opera web (FTM) squad volition pay developers for the state fees they make from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” volition wage eligible developers 15% of the full state fees their apps generate.
Gas Monetization connected #Fantom is live! ⛽
The programme provides dApps with a sustainable income by offering them a 15% stock of the state fees they generate.
Over 12,000 $FTM has been distributed frankincense acold https://t.co/BqpuKtrZh0
Six Web3 apps person already been approved for the program, including ParaSwap, Beethoven X, Stargate, LayerZero, WOOFi, and SpookySwap. These apps person generated implicit 12,000 FTM (worth astir $3,715) of rewards already, the announcement stated.
The programme was inspired by the “Web2 ad-revenue model” implemented by sites similar YouTube and Snapchat that wage contented creators for their contributions. The Fantom squad hopes it volition supply developers with an “alternative root of revenue,” starring to a “sustainable” ecosystem for Fantom.
However, not each apps volition beryllium eligible for the program. Protocols that person done little than 125,000 transactions oregon person been unrecorded connected Fantom for little than 3 months volition beryllium automatically excluded. Others tin use to go portion of the program, but Fantom warned that “the criteria are taxable to alteration arsenic the Fantom Foundation assesses their effectiveness.”
The squad encountered immoderate pushback from users erstwhile they archetypal began discussing the Gas Monetization Program. “There are immoderate who person speculated that the Gas Monetization programme mightiness discourage developers from creating gas-efficient contracts, arsenic higher state fees results successful greater FTM rewards for them to claim,” the Fantom squad said.
However, Fantom argued that this reasoning is flawed. They judge app developers volition inactive request to marque gas-efficient contracts; otherwise, the apps volition beryllium challenged by competitors. The squad clarified that apps perceived to beryllium abusing the programme whitethorn beryllium suspended from participation.
Fantom has been preparing for the Gas Monetization Program since December erstwhile it proposed a 75% cut to the token pain complaint to concern it. Later that month, Fantom Foundation manager and DeFi designer Andre Cronje announced that the squad would focus connected “gas reform” successful 2023 to onboard much developers and users.
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