Fantom officially launched an on-chain fund to support ecological projects, which will decide whether to provide funding for projects through governance voting

ChainCatcher news, Fantom officially launched the on-chain fund Ecosystem Vault to support ecological projects. Fantom will transfer a portion of the funds to the Ecosystem Vault by reducing the FTM burned from transaction fees (10% of transaction fees) to provide funding for projects.

It is reported that the fund will be decided through governance voting on whether to provide funding for projects, requiring at least 55% of FTM stakeholders to participate in the vote, with a support rate higher than 55%. Funds will be gradually released over several months based on the scale score. (Source link)