Phantom ( FTM), launched its project called ecosystem vault to fund new projects and support the crypto industry.
Decentralized smart contracts platform Phantom focused on ecosystem enhancements and project improvements. The popular crypto money project has also been involved in the difficult processes, especially recently. The Layer 1 blockchain network has announced its new project on its official blog post. Fantom will finance blockchain projects with its new project.
Phantom Addresses Its Community with Ecosystem Vault
Decentralized smart contracts platform Phantom ( FTM), will proceed with a community-oriented governance process announced the ecosystem vault project.
This decentralized project will be used to fund potential and innovative blockchain projects. The project, which made the announcement through its official channels, is on the Fantom network. In efforts to build DAppsseeks to finance projects.
Ecosystem vault only Investors staking FTM can be managed by To support the project, the transaction fees generated from the Fantom network are approximately 10% will be transferred.
Projects wishing to apply for funding will have to create a forum post and be approved in the governance proposal. In addition, these projects were created by the latest community members. 55 percentIt needs to get a vote of approval.
