Fantom's third Sonic governance proposal passed
PANews reported on July 2 that the Fantom Foundation announced on Twitter that the third Sonic governance proposal was passed. The proposal involves ecosystem subsidies, new token destruction mechanisms, and innovative programs such as Sonic Spark and Sonic University. It is reported that in the next six years, the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs. In addition, if the community decides to control the inflation rate at 1.5% per year for six years, 47,625,000 tokens will be minted each year. If Sonic Labs only uses 5 million tokens that year, the Sonic Foundation will destroy the remaining tokens.
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.
You may also like
Anthropic’s Q2 revenue surpasses 11.5 billions USD, soaring over 14 times year-on-year
According to a document, AI chatbot Claude's developer Anthropic PBC is informing potential investors that its second-quarter revenue has grown at least 14 times compared to the same period last year.

Veteran Investor Calls for “Massive Repricing” of XRP
The US Senate will hold a vote on the Bitcoin and Crypto Clarity Act
web3: After LINK surpassed $9, whale accumulation increases market attention
