Fantom: The third Sonic governance proposal has been released, involving the annual burn mechanism for S tokens

ChainCatcher news, the Fantom Foundation announced on social media that the 3rd Sonic governance proposal has been released, which includes content such as ecosystem grants, a new token burn mechanism, and innovative programs like Sonic Spark and Sonic University.

It is reported that over the next six years, the Sonic Foundation will allocate a portion of tokens as operational funds for Sonic Labs to manage the network growth between dApps, BD partnerships, and the ever-growing existing and new user communities.

Additionally, if the community decides to keep the inflation rate at 1.5% each year for six years, then 47,625,000 tokens will be minted annually (3,175,000,000 x 1.5%). If Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will burn the remaining tokens (42,625,000).