Fantom’s Ecosystem Vault Is Now Live

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The Fantom network announced via Twitter on Thursday that its Ecosystem Vault is now officially live.

The Fantom network announced via Twitter on Thursday that its Ecosystem Vault is now officially live. The Ecosystem Vault is an on-chain fund financed by 10% of the transaction fees on Fantom and controlled by the community. The initiative was made possible by decreasing the burn rate of FTM and redirecting the resulting 10% to the Vault.

Fantom added that the Vault represents a valuable opportunity for projects to secure funding in their efforts to build innovative dApps on Fantom. It’s also a chance for the Fantom community to come together and shape the future of the platform through their funding decisions.

Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is down by 1% in the last 24 hours and is currently trading at $0.3006.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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