Fantom Foundation Commits 200 Million FTM Tokens to Launch Sonic Network
The Fantom Foundation plans to dedicate 200 million FTM tokens to support the launch of Sonic, its latest network iteration, as outlined in a recent blog post.
This allocation aims to accelerate the adoption of dApps and engage partners on the Sonic network, which integrates a high-throughput L1 chain with a native L2 chain linked to Ethereum (ETH).
According to the Fantom Foundation, this commitment underscores its commitment to building a robust platform and community.
The initiative aims to revolutionize blockchain’s future, fostering the development of innovative dApps and nurturing a cooperative global ecosystem.
Strategic investments in infrastructure providers and on-chain tools are poised to offer extensive support to developers and users alike.
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The Foundation intends to prioritize grants for existing Fantom projects and leading applications interested in leveraging Sonic technology.
This initiative precedes the anticipated launch of Sonic, promising groundbreaking capabilities with up to 200 million transactions per day.
Interested stakeholders are invited to join the Foundation in shaping this ecosystem and contributing to Sonic’s evolution.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
