- The Subsidy program will see eligible members receive 50% of VTHO spent on the VeChainThor blockchain over the duration of the program
- The Supercharger Program gives eligible members a share of a one-time unique bounty of 3million VTHO if approved
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 like logistics, supply chain, healthcare e.t.c have on-boarded the Vechian Thor mainnet. These include big names like BMW and Walmart. Every day the VeChain network is seeing a spike in the number of transactions. It already reached the milestone of 1 million daily transactions, maing it one of the most used blockchains. In order to execute transactions on the VeChainThor blockchain, VTHO or ‘gas’ for the network is required. This cost even though not too much over the long run, 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 an official blog post.
Vechain promises a 50% subsidy
The Subsidy program will run over the next 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.
That’s not all, in addition to the Subsidy program, the team has also announced some updates for the VeChainThor Supercharger program, via which developers that have a fee-delegation enabled applications powered by VIP 191 and Multi-Party payment-enabled, will be eligible to apply for a one time bounty program, which when accepted, the VeChain foundation allocates 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.
Development as the primary focus
VeChain is 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 company is looking forward to working with more brilliant developers to further promote blockchain adoption and bring blockchain to the mainstream as a whole.