In today's rapidly developing blockchain field, FTM tokens, as an emerging digital asset, are gradually becoming the focus of developers and investors. With the launch of the "Gas Monetization" plan and the "Innovator Fund" by Sonic Labs, the application prospects of FTM tokens are becoming increasingly broad. This article will delve into the details of these plans and their impact on the FTM token ecosystem.
Gas Monetization Plan
The Gas Monetization program aims to provide 15% of the transaction fees generated by applications, aiming to provide sustainable income for high-quality applications, retain outstanding creators, and support network infrastructure. Through this initiative, Sonic Labs hopes to cultivate a thriving ecosystem similar to the advertising revenue model of traditional online platforms.
Participation in Gas Monetization: To participate in the Gas Monetization program, applications need to be reviewed by Sonic Labs. Only after approval can an app start earning the 15% transaction fee it generates. FTM tokens obtained through the Gas Monetization program can be used by applications themselves, providing developers with more flexibility and financial support.
Quarterly bonus mechanism
In addition to the basic sharing, the Gas Monetization plan also has a quarterly bonus mechanism. Each quarter, the top 12 apps on the Opera platform that generate the most transaction fees will receive additional bonuses. The 12 projects will be divided into four tiers to determine the amount of FTM they receive:
Tier 1 (Top 3 projects): Earn 40% of FTM
Tier 2 (next 3 projects): Earn 30% FTM
Tier 3 (next 3 projects): Earn 20% FTM
Tier 4 (last 3 projects): Receive 10% FTM
The quarterly bonus comes from the 15% transaction fee deducted from applications that do not participate in Gas Monetization. This mechanism not only stimulates the enthusiasm of developers, but also promotes the healthy development of the entire Opera ecosystem.
Terms and Conditions
While participating in the Gas Monetization program, Sonic Labs reserves the right to suspend rewards at any time, including due to inappropriate user activity or for the overall health of the Opera ecosystem. This measure ensures the stability and sustainability of the ecosystem.
Sonic Labs Innovator Fund: In addition to the Gas Monetization program, Sonic Labs also launched the Innovator Fund, providing financial support of up to 200 million S, aiming to accelerate the adoption of applications on the Sonic chain and support new innovative projects. The funding will be used to secure the best infrastructure partners for Sonic Network to ensure developers have access to the tools and capabilities they need in today's competitive market.
Fund allocation
Funds from the Innovator Fund are currently being used to cooperate with the industry's top infrastructure providers, covering on-chain tools, compliance, native assets, cross-chain technology, wallets, indexes, strategic Web2 cooperation and other areas. Sonic Labs works closely with a number of strategic angel investors, including Curve’s Michael, Aave’s Stani, Compound’s Robert, Gauntlet’s Tarun and FRAX’s Sam, as well as our venture capital partners Hashed, Signum Capital and UOB Risk Management.
Looking to the future: With the launch of future subsidies, Sonic Labs will empower existing Opera projects and emerging Sonic chain native applications. We sincerely invite you to join us on this journey, lay the foundation of the ecosystem, and participate in the rise of Sonic.
FTM tokens play a vital role in this process, not only providing economic incentives for developers, but also bringing more application choices to users. With the implementation of the Gas Monetization plan and the Innovator Fund, the value and influence of FTM tokens will further increase.
Conclusion
The future of FTM tokens is promising, and as Sonic Labs continues to drive the development of the ecosystem, both developers and users will benefit. Through the Gas Monetization program and the Innovator Fund, FTM tokens are not only representatives of digital assets, but also an important force in promoting innovation and achieving sustainable development.
In this era full of opportunities, let us look forward to the further development and growth of FTM tokens in the blockchain field.