The Fantom Foundation informed its community members via Twitter that it has submitted a new proposal that seeks to redirect all tokens in the Fantom Ecosystem Vault toward a Gitcoin Grants program.
The proposal also seeks to update and replace any existing governance rules for the Fantom Ecosystem Vault with a new set of rules, termed the Vault Governance Charter.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is down by 4% in the last 24 hours and is currently trading at $0.2895.