The Fantom Foundation has allocated 200 million FTMs to support partners in migrating to its Sonic network

Odaily News The Fantom Foundation has allocated 200 million FTM (about $120 million) to support partners migrating to its new Sonic network, including funding for native applications, strategic DApps, and infrastructure tools. ( Bitcoin.com News) Earlier, the Fantom Foundation announced on the X platform that the third Sonic governance proposal had been passed, involving ecosystem grants, a new token destruction 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 tokens as operating funds for Sonic Labs to manage DApps, BD partnerships, and network growth between the growing existing and new user communities. Additionally, if the community decides to keep inflation at 1.5% per year for six years, 47,625,000 tokens will be minted per year (3,175,000,000 x 1.5%), and if Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will destroy the remaining tokens (42,625,000).