🚀 Solana's Space Platform Faces Controversy Over Fundraising Exceeding Initial Goal
#Solana #SpacePlatform #Fundraising #Controversy #LeveragePredictionMarket #Crypto #Blockchain #Odaily #SoftCap #HardCap #CryptoDevelopment #SOL
Solana's leverage prediction market platform, Space, has sparked controversy following its public fundraising campaign. According to Odaily, the project initially aimed to raise $2.5 million but ended up collecting $20 million. The team announced plans to return $7.3 million while retaining the excess funds, explaining that the $2.5 million target was a 'soft cap' rather than a 'hard cap.'
The project further argued that $2.5 million would only sustain operations for a few months and represented the minimum amount needed for initial delivery. They emphasized that this sum is insufficient for the long-term development of the leverage prediction market infrastructure.#Solana #SpacePlatform #Fundraising #Controversy #LeveragePredictionMarket #Crypto #Blockchain #Odaily #SoftCap #HardCap #CryptoDevelopment #SOL
🚀 Aptos Foundation Proposes Changes to Staking Rewards and Gas Fees
#AptosFoundation #StakingRewards #GasFees #Tokenomics #APR #APTtokens #GovernanceProcess #APT #HardCap
The Aptos Foundation has announced a proposed update to its tokenomics, aiming to adjust staking rewards and gas fees. According to NS3.AI, the foundation suggests reducing the annual percentage rate (APR) for staking rewards from 5.19% to 2.6% through a governance process. Additionally, it plans to increase gas fees by tenfold, with these fees to be paid in APT tokens, which will be completely burned. Furthermore, the foundation intends to implement a protocol-level hard cap of 2.1 billion APT tokens.#AptosFoundation #StakingRewards #GasFees #Tokenomics #APR #APTtokens #GovernanceProcess #APT #HardCap