Avalanche launches a new funding round based on network usage

TapChiBitcoin
AVAX1,51%

Avalanche Foundation is entering a new phase of the Retro9000 initiative, valued at $40 million, with the “C-Chain Round” starting from March 2026. Unlike the previous voting mechanism based on wallets, this round scores projects based on the actual usage of the Avalanche C-Chain network.

The project’s success is measured by the amount of AVAX burned through transaction fees — a transparent indicator of market demand. The more an application is used, the more AVAX is burned, and the higher its ranking. The top 40 projects on the public leaderboard will be eligible for rewards.

The first round allocates a total of 11,000 AVAX, with subsequent rounds subject to change. To ensure fairness, no project can receive funding exceeding 90% of the total AVAX burned in that month.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

NYSE Taps Securitize for 24/7 Tokenized Trading Platform

NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement. Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems. Platform targets institutional use with continuous trading and

CryptoFrontNews12m ago

Sonic Block Explorer Sonicscan has resumed operation and completed synchronization, and the network is running normally.

Gate News report: On March 25, Sonic official announced that the block explorer Sonicscan came back online and completed full synchronization approximately 45 minutes ago. During this period, the Sonic network maintained normal operation throughout, with transaction processing and user fund security unaffected in any way. The team is currently conducting a post-mortem review of the incident and will disclose more details after reaching clearer conclusions.

GateNews13m ago

Franklin Templeton puts its $1.7 trillion weight behind Ondo to bring 24/7 stock trading to the blockchain

Ondo Finance and Franklin Templeton are collaborating to create tokenized versions of traditional investment products, enabling users to invest in real-world assets through blockchain without brokerage hassles. This partnership aims to educate users and explore the regulatory landscape, potentially reshaping asset access and distribution in finance.

CoinDesk22m ago

Franklin Templeton Launches Tokenized ETF, Enabling 24/7 Cryptocurrency Wallet Trading

Franklin Templeton collaborates with Ondo Finance to launch tokenized ETFs that can be traded directly in crypto wallets, supporting 24/7 trading and covering assets including U.S. equities, fixed income, and gold. The product will initially launch in multiple regions, with the U.S. market pending regulatory approval.

BlockBeatNews38m ago

Franklin Templeton Launches 24/7 Tradable ETF Targeted at Crypto Wallet Users

Franklin Templeton partners with Ondo Finance to launch a 24/7 tradable ETF, initially targeting markets in Europe, Asia-Pacific, and beyond. The ETF encompasses stocks, gold, and high-yield bonds, with liquidity support provided by Ondo. Token holders enjoy yield rights and the ETF is compatible with DeFi collateralization.

GateNews42m ago

Resolv Foundation suspends Season 4 airdrop claims and RESOLV token staking functions

Gate News: On March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claiming functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, the relevant functions will be restored.

GateNews1h ago
Comment
0/400
No comments