Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Andre Cronje: 10 million FTMs destroyed on Fantom chain

Andre Cronje: 10 million FTMs destroyed on Fantom chain

2023/06/25 07:05

Fantom founder Andre Cronje (AC) released an update to the Fantom project on social media, which mainly includes: 1) Gas monetization (Fantom will subsidize 15% of the Gas fee to eligible dApps); 2) 16 active projects in the Fantom ecosystem have now earned 20,000 FTMs; 3) The ecosystem vault has earned over 500,000 FTMs through incubation; 4) Fee destruction of FTMs is now available to anyone with no limit; and 5) FTMs have been destroyed. 3, the ecological vault through the incubation of the project has earned more than 500,000 Gas fees, anyone can now apply and there is no limit; 4, the cost of destruction of FTM has exceeded 10 million; 5, Fantom this hackathon attracted 855 teams to participate; 6, through governance, the minimum pledge of verifiers reduced to 50,000 FTM; 7, an ethereum client team moved to Fantom and built A new super-optimized client was built and early tests have shown a 40% increase in throughput. 
AC revealed that Fantom is about to release two major milestones, one is Carmen, which supports an EVM-optimized database, reducing mainnet storage by 98% and increasing overall throughput (reads and writes) by 9.8x; the other is Tosca, which increases overall gain by 50% and throughput by 4x over the current EVM architecture.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!