Fantom publishes the third Sonic governance proposal, which involves the annual destruction mechanism of S tokens
2024-06-22 00:16:18
On June 22nd, the Fantom Foundation posted on the X platform that the third Sonic governance proposal has been released, involving ecosystem grants, new token destruction mechanisms, and innovative programs such as Sonic Spark and Sonic University. It is reported that over the next six years, the Sonic Foundation will allocate a portion of the tokens as Sonic Labs' operating funds to manage dApps, BD partnerships, and growing network growth between existing and new user communities. In addition, if the community decides to keep inflation at 1.5% per year for six years, 47,625,000 tokens (3,175,000,000 x 1.5%) will be minted per year, and if Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will destroy the remaining tokens (42,625,000).
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