The Fantom Foundation has pledged 200 million FTM tokens to support the launch of Sonic, the network’s new high-throughput blockchain.
Support for dApps and Partners
The foundation aims to accelerate the adoption of decentralized apps (dApps) and other partners on the Sonic network. Sonic is designed to link to Ethereum, providing high-speed transactions.
Investment Commitment
The allocation demonstrates Fantom’s dedication to building a thriving ecosystem. The foundation believes Sonic will revolutionize blockchain technology and empower developers to create innovative applications.
Grant Program
The first phase of the program will prioritize grants for existing Fantom projects and leading applications interested in Sonic technology.
FTM Token Value
At the time of writing, FTM is valued at $0.58.
