According to Odaily, the Fantom Foundation has allocated 200 million FTM, equivalent to approximately $120 million, to support its partners in transitioning to its new Sonic network. This funding will be used to support native applications, strategic DApps, and infrastructure tools.
Previously, the Fantom Foundation announced the approval of the third Sonic governance proposal on platform X. This proposal includes ecosystem grants, a new token burn mechanism, 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 operating funds for Sonic Labs. These funds will be used to manage DApp, BD partner relationships, and the network growth between the ever-increasing existing and new user communities.
In addition, if the community decides to keep the inflation rate at 1.5% per year over the next six years, 47,625,000 tokens will be minted each year (3,175,000,000 x 1.5%). If Sonic Labs only uses 5,000,000 tokens in a given year, the Sonic Foundation will burn the remaining tokens (42,625,000).