#Reduction of Minimum Pledge in Fantom Community Proposal

According to reports, officially, the Fantom community has proposed reducing the minimum pledge to 50000 or 75000 FTMs.

Fantom Community proposes to reduce the minimum pledge to 50000 or 75000 FTM

##Introduction
Reports from the Fantom community reveal that they are considering a proposal to reduce the minimum pledge to 50000 or 75000 FTMs. This significant move is expected to have far-reaching implications and impact on the community, investors and developers. In this article, we will discuss the details of the proposal and its potential impact on the community.
##Background
Fantom is a well-known blockchain platform that has become an attractive option to users due to its scalability, fast transaction times, and negligible fees. The network incentivizes users, known as validators, who provide their computing resources to maintain the security and integrity of the network through staking, which requires them to pledge a certain amount of cryptocurrency.
Previously, the minimum pledge on the Fantom platform was set at 1 million FTMs. However, the recent proposal intends to reduce the minimum pledge to 50000 FTMs or 75000 FTMs. This move has generated widespread interest among users and investors within the Fantom community.
##Details of the Proposal
The proposal is aimed at making it easier for validators to join and contribute to the network. With the new reduced minimum pledge, it is expected that more validators would be attracted to the network, resulting in greater decentralization, stronger security, and higher network efficiency.
However, there are concerns that the reduced minimum pledge may attract low-level validators who are not fully invested in the success of the network. Additionally, the proposal may lead to a reduction in the total number of FTMs staked on the network and in-turn, reward payouts to validators.
##Impact on the Community
The proposal to reduce the minimum pledge is likely to have a significant impact on the Fantom community as it would affect all stakeholders involved in the network.
Firstly, validators who have already pledged 1 million FTMs may feel frustrated that their initial pledge has been reduced. However, as the reduction is intended to attract more contributors and increase the network’s security, it is expected that validators would understand and support the proposal.
Secondly, a likely outcome of the proposal is that it would attract more new validators to the network. This would result in more decentralization, better network security, and a more efficient ecosystem.
Thirdly, investors who have holdings in FTMs may see a reduction in the reward payouts to validators as a result of the reduction in total FTMs staked on the network.
##Conclusion
In conclusion, the Fantom community proposal to reduce the minimum pledge to 50000 or 75000 FTMs has the potential to increase decentralization, strengthen network security, and enhance the efficiency of the ecosystem. However, there are valid concerns about the potential for low-level validators and a reduction in reward payouts to validators. Overall, it is a positive development that should be monitored closely by all stakeholders.
##FAQs
####Q: Why is the minimum pledge being reduced?
A: The proposal to reduce the minimum pledge is aimed at making it easier for validators to join and contribute to the network. With the new reduced minimum pledge, it is expected that more validators would be attracted to the network, resulting in greater decentralization, stronger security, and higher network efficiency.
####Q: What is the current minimum pledge?
A: The current minimum pledge is 1 million FTMs.
####Q: Will the reduction in the minimum pledge affect reward payouts to validators?
A: There are concerns that the reduced minimum pledge may lead to a reduction in total FTMs staked on the network, which could result in a decrease in reward payouts to validators.