【Crypto World】The ETHGas Foundation has announced its complete distribution plan for its governance token GWEI. The plan is quite detailed and worth a deep dive.
The total supply of GWEI is set at 10 billion tokens. Let’s start with the major allocations—31% goes to the ecosystem, with a 10-year linear unlock schedule, meaning funding for ecosystem development will be relatively stable and long-term. Investors receive 27%, interestingly with a 1-year lock-up period; immediately after the lock expires, 10% is unlocked, and the remaining portion is linearly unlocked over 2 years. This design both protects initial liquidity stability and provides investors with a reasonable exit window.
The team gets 22%, with an unlock mechanism similar to investors—1-year lock, then gradually released after unlocking. The community is allocated 10%, with a 4-year linear unlock, which is relatively lenient. The foundation directly holds 8%, which can be unlocked on the first day of launch as operational funds. Advisors are allocated the least, only 2%, also following a 1-year lock plus 2-year linear release scheme.
Additionally, there is a detailed design—GWEI distributed via community airdrops will be automatically staked for 30 days, serving as a locking mechanism for early participants to ensure initial ecosystem stability. Holders can then flexibly choose to lock GWEI for a period ranging from 1 week to 4 years to participate in governance via veGWEI. This mechanism appears to aim at balancing liquidity and governance incentives.
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TopBuyerForever
· 16h ago
Oh dear, another locking master. Locking for a year and done? It just irritates me to watch. I'd rather just short it directly.
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HappyMinerUncle
· 16h ago
Oh my, another 10-year linear pattern. I'm tired of seeing this routine... The ecosystem locking 31% for 10 years is just trying to stabilize retail investors, right?
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GasWaster
· 16h ago
This tokenomics design looks so comfortable... 31% for the ecosystem over 10 years linearly, truly aiming to be a long-term supporter.
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StablecoinGuardian
· 16h ago
The 10-year linear unlock of the ecosystem has some substance, but how much can actually be implemented still depends on the situation.
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Investors 27% still need to lock for 1 year before they can move, this design is quite protective of early participants, smart move.
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The team’s 22% follows the same mechanism as investors, seems fairly fair, but worried about potential flip-flopping later.
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The ecosystem’s 31% unlock only after ten years? That requires a very patient project team, haha.
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The foundation directly has 8% unlocked at launch, this move is a bit rushed, feels less stable.
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Community only has 10%, and it takes 4 years to fully access, feels a bit like a deduction.
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In simple terms, the ecosystem takes the biggest share, investors are locked in, the team sits along, and the community drinks the soup.
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This design is indeed detailed, but the lock-up periods are generally quite long, could liquidity be a concern?
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Wait, the advisor allocation hasn’t been fully explained yet, probably the last small portion.
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Investors locking 27% for a year, how strong must their mindset be to hold on?
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IntrovertMetaverse
· 16h ago
10 billion GWEI directly linearly over 10 years? This pace is a bit slow. Can the 31% of the ecosystem really be utilized?
GWEI Token Allocation Plan Explanation: How the 10 Billion Supply is Distributed, Lock-up and Release Mechanisms Detailed
【Crypto World】The ETHGas Foundation has announced its complete distribution plan for its governance token GWEI. The plan is quite detailed and worth a deep dive.
The total supply of GWEI is set at 10 billion tokens. Let’s start with the major allocations—31% goes to the ecosystem, with a 10-year linear unlock schedule, meaning funding for ecosystem development will be relatively stable and long-term. Investors receive 27%, interestingly with a 1-year lock-up period; immediately after the lock expires, 10% is unlocked, and the remaining portion is linearly unlocked over 2 years. This design both protects initial liquidity stability and provides investors with a reasonable exit window.
The team gets 22%, with an unlock mechanism similar to investors—1-year lock, then gradually released after unlocking. The community is allocated 10%, with a 4-year linear unlock, which is relatively lenient. The foundation directly holds 8%, which can be unlocked on the first day of launch as operational funds. Advisors are allocated the least, only 2%, also following a 1-year lock plus 2-year linear release scheme.
Additionally, there is a detailed design—GWEI distributed via community airdrops will be automatically staked for 30 days, serving as a locking mechanism for early participants to ensure initial ecosystem stability. Holders can then flexibly choose to lock GWEI for a period ranging from 1 week to 4 years to participate in governance via veGWEI. This mechanism appears to aim at balancing liquidity and governance incentives.