📢 Fantom Foundation's Third Sonic Governance Proposal Approved 📢
According to Odaily, the Fantom Foundation has announced the approval of its third Sonic governance proposal on platform X. This proposal encompasses ecosystem grants, a new token burn mechanism, and initiatives like Sonic Spark and Sonic University. Over the next six years, the Sonic Foundation will allocate a portion of tokens as operational funds for Sonic Labs to support the network's growth among dApp developers, BD partners, and user communities.
If the community maintains the inflation rate at 1.5% per year, 47,625,000 tokens will be minted annually (3,175,000,000 x 1.5%). If Sonic Labs uses only 5,000,000 tokens in a year, the remaining 42,625,000 tokens will be burned. This token burn mechanism aims to help maintain the value of Sonic tokens.
