Gas Distribution

Gas fees are a crucial aspect of the blockchain, representing the cost required to perform transactions or execute smart contracts on the network. These fees are denominated in PRYSM tokens and are an essential mechanism for incentivizing network participants, maintaining security, and supporting the ecosystem's growth.

Breakdown of Gas Fee Distribution:

1. Community Pool (5%): A portion of gas fees, constituting 5% of the total, is allocated to the community pool. This pool serves as a reservoir of funds dedicated to supporting community-driven initiatives, development grants, and ecosystem enhancements aimed at fostering innovation and collaboration within the PRYSM community.

2. Validators (15%): Validators play a pivotal role in securing the PRYSM blockchain and validating transactions. As a recognition of their contribution to network security and stability, 15% of gas fees are distributed among validators as rewards for their participation and commitment to maintaining the integrity of the network.

3. Contract Developers (30%): Contract developers contribute to the expansion and functionality of the PRYSM ecosystem by developing and deploying smart contracts and decentralized applications (dApps). To incentivize their efforts and encourage the continuous development of innovative solutions, 30% of gas fees are allocated to contract developers.

4. Burn (50%): A significant portion of gas fees, accounting for 50% of the total, is designated for burning. Burning involves permanently removing PRYSM tokens from circulation, thereby reducing the overall token supply. This deflationary mechanism not only helps control inflation but also enhances the scarcity and value proposition of PRYSM tokens over time.

By distributing gas fees across these categories, PRYSM aims to incentivize active participation, support ecosystem development, and enhance the overall sustainability and value proposition of the network.