{"id":79518,"date":"2023-05-29T16:35:26","date_gmt":"2023-05-29T13:35:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79518"},"modified":"2025-09-11T11:29:25","modified_gmt":"2025-09-11T08:29:25","slug":"fantom-to-return-15-of-transaction-fees-to-projects","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fantom-to-return-15-of-transaction-fees-to-projects\/","title":{"rendered":"Fantom to return 15% of transaction fees to projects"},"content":{"rendered":"<p>The Fantom smart-contract platform has launched a program to incentivize network projects via gas fees.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Gas Monetization \u2014 done<\/p>\n<p>Build, Deploy, Earn<a href=\"https:\/\/t.co\/GYqCukXYYb\">https:\/\/t.co\/GYqCukXYYb<\/a> <a href=\"https:\/\/t.co\/AOSK7BH0wF\">pic.twitter.com\/AOSK7BH0wF<\/a><\/p>\n<p>\u2014 Andre Cronje (@AndreCronjeTech) <a href=\"https:\/\/twitter.com\/AndreCronjeTech\/status\/1662762820155342848?ref_src=twsrc%5Etfw\">May 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Applications meeting the requirements will receive a reward equal to 15% of the gas fee as additional income.<\/p>\n<p>Andr\u00e9 Cronje, who joined the Fantom Foundation&#8217;s board of directors in December, described the implementation of gas monetization <a href=\"https:\/\/forklog.com\/en\/news\/andre-cronje-outlines-plans-for-fantom-platform-development\">one of the platform&#8217;s priority goals<\/a> for 2023.<\/p>\n<p>The community backed the Dapp Gas Monetization Program earlier in the year. The proposal envisaged reducing the burn rate of transaction fees in Fantom (FTM) tokens from 20% to 5%. The freed resources are directed to the program.<\/p>\n<p>The initiative is expected to further stimulate in-demand <span data-descr=\"\u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u044b\u0435 \u043f\u0440\u0438\u043b\u043e\u0436\u0435\u043d\u0438\u044f\" class=\"old_tooltip\">dapps<\/span>, retain project developers, and strengthen the network&#8217;s infrastructure.<\/p>\n<p>In the first day of operation, a number of applications started to receive additional income. The cross-chain bridge <a href=\"https:\/\/forklog.com\/en\/news\/stargate-cross-chain-bridge-liquidity-tops-2-billion-within-a-week-of-launch\">Stargate Finance<\/a> had accrued 8,421.6 FTM \u2014 about $2,863 at current prices. The omnichain protocol <a href=\"https:\/\/forklog.com\/en\/news\/binance-labs-and-multicoin-capital-invest-in-layerzero-omnichain-protocol\">LayerZero<\/a> had access to 1,174.8 FTM (~$400).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"445\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-334-1024x445.png\" alt=\"image-334\" class=\"wp-image-208131\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-334-1024x445.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-334-300x130.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-334-768x333.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-334.png 1442w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/earngas.fantom.network\/\">Fantom<\/a>.<\/figcaption><\/figure>\n<p>Earlier this year, Fantom launched the <a href=\"https:\/\/forklog.com\/en\/news\/fantom-launches-decentralised-fund-to-develop-its-ecosystem\">decentralised finance mechanism<\/a> for projects in its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fantom smart-contract platform has launched a program to incentivize network projects via gas fees.<\/p>\n","protected":false},"author":1,"featured_media":79519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1462],"class_list":["post-79518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-fantom-blockchain"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79518"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79518\/revisions"}],"predecessor-version":[{"id":79520,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79518\/revisions\/79520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79519"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}