Developer Royalty Fees
QANplatform the Layer 1 which rewards developers.
Last updated
QANplatform the Layer 1 which rewards developers.
Last updated
💡[Definition] Developer Royalty Fees (DRF)
QANplatform designed a unique fee distribution system which splits the blockchain transaction fees between validators and those smart contract developers who originally wrote
[Market problem]:
Smart Contract Developers who build the ecosystem are not rewarded.
Blockchain platforms only reward validators (miners, stakers) in their own utility token, however, smart-contract developers are ones who are building use cases and products on the blockchain to reach mass adoption.
Imagine as GitHub would reward developers when their code is getting re-used by others. QANplatform is the first blockchain platform that favors developers to be active members of the ecosystem. QANplatform lets developers not only code smart contracts in any programming language thanks to the unique Multi-language Smart Contract (Hyperpolyglot) feature, it rewards developers in a decentralized and democratic way to receive the platform's utility token as a reward for their work and to boost QANplatform's mass adoption.
Those developers who publish new generic code (Generic Smart Contract Developers) to the QAN public blockchain (MainNet) will be rewarded by other developers (Specific Smart Contract Developers) in QANplatform's utility token (QANX Token) when they reuse the code written by the Generic Smart Contract Developers.
Furthermore every single future transaction interacting with contracts written by these developers will proportionally distribute part of the transaction fees among creators for a lifetime.
This mechanism is completely decentralized and democtratic since developers can earn these rewards from those users directly who are using the smart contracts written by them.
New smart contract deployment fee is paid by Specific Smart Contract Developers.
Transaction which interacts with smart contracts (DApps) where the code is re-used.
QANplatform’s Developer Royalty System reduces burden on the network since only new or altered code logic parts will be uploaded on the QAN MainNet. As a result of this, Specific Smart Contract Developers who re-use already deployed code parts in their smart contracts pay proportionately less, since they only pay for the new code parts to be deployed on the blockchain.
Key Takeaways — [Developer Royalty Fees]:
QANplatform is the first Layer 1 blockchain that rewards developers after each transaction.
Royalty fees are paid after smart contract re-deployment and each transaction in QANX.
This methodology not only makes QANplatform attractive to developers but also reduces burden on the network since only new code logic parts will be added to the QAN MainNet.
Developers can cut their smart contract upload costs.
