PANews reported on January 16th that, according to the ETHGas Foundation, the total supply of the governance token $GWEI is 10 billion. 31% is allocated for ecosystemPANews reported on January 16th that, according to the ETHGas Foundation, the total supply of the governance token $GWEI is 10 billion. 31% is allocated for ecosystem
ETHGas has released details of the GWEI token distribution, with the ecosystem receiving up to 31%.
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PANews reported on January 16th that, according to the ETHGas Foundation, the total supply of the governance token $GWEI is 10 billion. 31% is allocated for ecosystem incentives and will be released linearly over 10 years. Investors and the team will receive 27% and 22% respectively, both with a 1-year lock-up period (unlocking 10% after 10% release) followed by a 2-year linear release mechanism. The community will receive 10%, released linearly over 4 years. The foundation's 8% will unlock on the first day of listing, and advisors will receive 2%. GWEI obtained through airdrops will be automatically staked for 30 days upon listing to initiate veGWEI governance.
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