How Latest Chain helps developers make money on commissions
In the blockchain industry, many developers host their smart contracts on various blockchains without receiving any compensation in the form of gas fees. These developers are essentially using blockchain as a free platform to build their commercial applications. However, our unique approach offers developers more than just a free development platform. We provide them with a grant and an enticing reward of 20% of every transaction fee generated by their smart contracts on our blockchain
How the distribution happens:
In Latest Chain, 70% of the total "gasoline" payout goes to active validators, 20% goes to developers, and the remaining 10% is burned. This mechanism ensures fair compensation for work and incentivizes active participation in the development of the platform
Validator setup instructions - https://doc.latestchain.io/become-a-validator/easiest-guide
After successfully completing the above steps, you become a validator, protect the network and get rewarded at the same time
How does it work for a developer?
Becoming a Latest Chain validator automatically entitles you to 70% of the "gas" payments, providing a steady source of income. To get your 20%, add a special code to your contract builder, which will register it in your Smart reward contract
Include this code in the constructor of any smart contract:
(bool success,)= 0x0000000000000000000000000000000000000000000000f000.call{gas: 50000} (abi.encodeWithSignature("setContractCreator(адрес)",адрес (этот))); require(success, 'failed to register the contract'); It is crucial for contract creators to add this code to their contract constructor in order to get their share of the gas fee. Failure to do so will result in the share going to the validator. However, just in case the code is forgotten, there is an option to add the contract address to this URL after deployment: https://scan.latestchain.io/add-contract-creator/ Simply connect the owner's wallet and submit it to receive the contract creator's portion of the gas fee.
In addition, 10% of "gas" payments are burned. This is a great way to manage token supply and an additional incentive for long-term token value growth.
Technical documentation for developers: https://doc.latestchain.io/developer