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Nick's Halscion Days🌹 Profile picture
@HalscionRose
Feb 21, 2023 • 8 tweets • 4 min read • Read on X
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Have you heard about #Fantom's plan for gas subsidies?

It means: no more faucets, no more bridges, just wallets!

Let me show you examples why this development has incredible implications for dApp developers. Plus, huge potential to increase $FTM adoption 🚀

A short thread 🧵👇 Image
#Fantom gas subsidies will allow a smart contract to provide the $FTM gas token for any user.

This is gone: send fiat to CEX, wait 3 days for arrival, worry about native bridges (or faucets), calculate gas on the main layer depending on congestion, all to get your first $FTM gas Image
Gas subsidy possibilities are endless & novel.

Example 1: A multiplayer gaming quest ends, the successful player now completes on-chain transaction to collect his loot. Cool, new armor! ⚔️

& the $FTM gas token for the txn was provided directly by the game's contract. Convenient
Example 2: A popular new on-chain social app requires a user to interact with a smart contract to post their latest blog.

User is logged in, submits blog entry to app, $FTM gas subsidized directly, entry provably shared/secured on-chain. Decentralization & no onboarding headache
With the gas subsidy solution, a dApp developer on #Fantom has access to a massively larger audience than just the usual native crypto users. The implications for real world applications are vast.

And many devs are already sharing their interest 💬
Still lost on real world application?

Example 3: Far in the future, private medical record data is kept secure in a decentralized storage application. Accessible only by the owner, they login to the dApp to get their results, "signing" a blockchain txn in the background, no gas.
Now you're starting to see, gas subsidies can change the game for developers coming to build their dApps on #Fantom.

Q: When can we expect them go live? 👀

A: This year 👇

Whether you are part of the #FantomFam already or just making your way over, a Follow will ensure you learn more about our $FTM ecosystem over the coming days, weeks and months to come! 🤝

Thank you for taking the time to Like & RT the top 💙

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More from @HalscionRose

Nick's Halscion Days🌹 Profile picture
Jan 23, 2023
1/11 Come with me below the surface 🧊

As promised, a short thread on exactly why Fantom's:

→ true finality
→ no segmentation
→ shared security
→ shared liquidity
→ 99.9% uptime

features are more interesting points than #Fantom's low gas cost and rapid transactions 🧵 ↓
True finality is the state of a transaction after it is submitted.

When a $FTM txn is submitted & seen by the network, that's it. It is final. There cannot be a chain reorg/rollback.

@AndreCronjeTech: "Results are time ordered & require no additional rounds of communication."
Why is this important?

For one: to be embraced by the mainstream, transactions need true finality. Users prefer not to wait any period of time while "confirming blocks" on their transactions.

Reorgs impact the finality of txns, which is not good for dApps UX and complicates UI.
Read 11 tweets
Nick's Halscion Days🌹 Profile picture
Oct 3, 2022
What does @Gitcoin on #Fantom really mean??

This thread explores Gitcoin, quadratic funding, and what it might entail for the incentive program coming to @FantomFDN

In simple terms, Gitcoin is a platform where members of the cryptocurrency community can donate to new, budding open source projects they'd like to see completed. The focus is on "public goods", which for an ecosystem can mean anything supporting growth.

gitcoin.co/grants/explore…
In order to be eligible to earn grants, "grantees" must meet Gitcoin's general criteria (no fraud/deceit/impersonation) as well as other ecosystem program criteria.

Looking back on Main Rounds & Layer-1 Ecosystem Rounds, we get a general idea of what that criteria may look like:
Read 15 tweets

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