By With time the VeChain network has seen a spike in the number of transactions on its public blockchain. It has already reached the milestone of 1 million transaction volume, this made it one of the biggest pay-to-use premium blockchain.
In order to execute transactions on the VeCHainTHor blockchain, VTHO or gas of the network is required. This cost could turn out to be quite heavy for startups or individual developers, in order to support the developers the company has decided to start a VTHO subsidy program, according to a blog post
Giving Back to the developers
The Subsidy program will run over a period of three months starting from July 22 to October 22, 2019. Throughout this period the foundation will be subsidizing 50% of the total VTHO consumed to all devs who run any application on the VeChainThor blockchain. The subsidy will be provided and accounted for on a bi-weekly basis in the VeChainWorld forum. There are some eligibility criteria as well. The developers must add their addresses in the application info of the Application hub, Projects that are not running as a service infrastructure are excluded.
Supercharger program is on
That’s not all, the foundation thinks that native fee delegation is one of the crucial features to enable mass adoption of Blockchain technology, so the company has also announced some updates for the VeCHaiTHor Supercharger program, via which, developers that have fee-delegation enabled applications powered by VIP 191 and Multi-Party payment, will be eligible to apply for a one time bounty program, which if accepted, the VeChain Foundation will allocate 3million VTHO on a sponsor address to encourage the projects to leverage the features of a smooth ecosystem. To apply for the SuperCharger Bounty program, one can apply via the online form at VeChainWorld Forum.
Promoting the Blockchain Technology
In its enterprise use cases, applications will not be able to perform without fee delegation features. VeChain is the first institution in the world of public Blockchains to implement the native fee.VeChain is very popular among the developers because of its nature to keep developers always in focus. The bounties are just broader efforts to further promote dApp development. Previously VeChain has also launched a number of accelerator programs, Bug bounties, Development challenges all for the community of developers. The Singapore based blockchain supply chain project VeChain has been working relentlessly to promote the mass commercial adoption of blockchain technology. Ever since the launch of its mainnet, the new public blockchain has seen a plethora of Fortune 20000 enterprises from various different sectors on-boarding the Vechian Thor mainnet.
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