Hassan Maishera
The Fantom Foundation revealed via a blog post on Thursday that it has submitted a dApp gas monetization governance proposal. The proposal seeks to reduce Fantom’s current burn rate in order to redirect more network fees directly to dApps building on Fantom.
If passed, this implementation will reduce Fantom’s burn rate from 20% to 5% and redirect this 15% reduction toward gas monetization. This gas monetization will reward high-quality dApps, retain talented creators, and support Fantom’s network infrastructure, the Fantom team added.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is up by 4% in the last 24 hours and is currently trading at $0.2470.
