Avalanche Foundation Unveils $290 Million Incentive Program

Avalanche Foundation announces $290 million Avalanche Multiverse Incentive program with 4 million $AVAX grants to spur subnet growth. It said that developers must stake 2,000 $AVAX (about $144,000) to create and validate a subnet. For projects that qualify, the Multiverse Initiative could cover that cost. But the program can also dish out rewards to subnet users and liquidity mining incentives, paid out to entities that stake tokens in order to help validate transactions in subnets.