Fantom wants to cut token burn rate by 75% to fund dApp rewards program

According to a caller connection dated Dec. 1, directed acrylic graph web Fantom seeks to instrumentality an affiliate programme for its decentralized application, oregon dApp, developers with web state fees. To money this venture, the Fantom assemblage has projected slashing the protocol's existent FTM token pain complaint from 20% to 5%. In supporting the proposal, Fantom developers wrote: 

"We instrumentality what works successful web2 and restructure it to acceptable the network's priorities, which means taking the advertisement monetisation exemplary and extending it to state monetisation for performing dApps that negociate to pull a dependable watercourse of users."

The improvement squad further elaborated that Fantom’s Opera web [native dApp builder] "is not straight competing against Youtube oregon Twitter," but seeks to "attract and clasp high-grade endowment continuously" successful the Web 3.0 space. To suffice for the imaginable incentive, dApps indispensable person recorded 1,000,000 oregon much transactions and person spent 3 months oregon supra connected the Fantom Opera network. Upon approval, developers tin past assertion 15% of the full state fees spent connected their dApp.

— Fantom Foundation (@FantomFDN) December 1, 2022

However, the Fantom Foundation said that it "reserves the close to halt immoderate outgo watercourse indefinitely for immoderate reason, including if fraudulent idiosyncratic enactment is suspected oregon if the Foundation believes it is successful the champion interests of the Fantom ecosystem." Currently, a full of 8.36 cardinal FTM tokens person been burned since the Fantom mainnet went unrecorded successful 2019. Voting for the connection is ongoing and requires a minimum of 55% turnout from FTM token holders to pass.