The Core Foundation has launched the Rev+ program, providing stablecoin issuers with a new revenue source through blockchain technology. The initiative introduces the sharing of gas fees and distribution of CORE tokens based on transaction activities.
Objectives of the Rev+ Program
The Rev+ program aims to create new financial mechanisms that will benefit projects powering Web3. Hong Sun, Institutional Lead at Core Foundation, highlighted that a key focus is the redistribution of revenues generated from smart contract activities and transaction volumes in favor of stablecoin issuers.
Financial Incentives for Issuers
Participating issuers will benefit from both direct gas fees and a revenue-sharing pool, integrating their projects more deeply into blockchain economics. CORE tokens are central to this economic incentive structure designed by the Core Foundation.
Impact on the Stablecoin Market
The Rev+ program affects stablecoins like USDT, USDC, and DAI, as well as other DeFi tokens. It also encompasses real-world assets (RWAs) and non-fungible tokens (NFTs), showcasing the extensive reach of the proposed financial changes across the crypto ecosystem. Analysts anticipate that these revenue-sharing mechanisms will lead to increased market participation.
The Rev+ program from the Core Foundation sets a precedent that could change traditional approaches to revenue distribution in the blockchain industry, opening new opportunities for stablecoins and DeFi projects.
