ETHGas announces detailed GWEI allocation and vesting plan; community airdrop will be automatically staked for 30 days
Foresight News reports that the ETHGas Foundation has further disclosed the detailed allocation and vesting plan for its governance token GWEI. The total supply of GWEI is 10 billions, with the following distribution: 31% allocated to the ecosystem, to be unlocked linearly over 10 years; 27% allocated to investors, with a 1-year lock-up period (10% unlocked at maturity) and linear unlocking over 2 years; 22% allocated to the team, with a 1-year lock-up period (10% unlocked at maturity) and linear unlocking over 2 years; 10% allocated to the community, to be unlocked linearly over 4 years; 8% allocated to the foundation, unlocked on the first day of launch; and 2% allocated to advisors, with a 1-year lock-up period (10% unlocked at maturity) and linear unlocking over 2 years.
In addition, GWEI distributed via community airdrop will be automatically staked for 30 days at launch to ensure early contributors participate in governance. Holders can choose to lock GWEI for periods ranging from 1 week to 4 years in exchange for veGWEI.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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