ETHGas Foundation Announces GWEI Token Allocation and Locking Plan

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In a recent token launch news update, the ETHGas Foundation has disclosed the full allocation and vesting schedule for its governance token, GWEI. The total supply of 10 billion tokens will be distributed as follows: 31% to the ecosystem (10-year lock), 27% to investors (1-year lock, 10% immediate unlock, 2-year linear vesting), 22% to the team (same schedule), 10% to the community (4-year linear vesting), 8% to the foundation (fully unlocked at launch), and 2% to advisors (1-year lock, 10% immediate unlock, 2-year linear vesting). Airdropped community GWEI will be automatically staked for 30 days, while token holders can lock their tokens for periods ranging from 1 week to 4 years to earn veGWEI. This is one of the latest new token listings to watch.

Odaily Planet News: The ETHGas Foundation has disclosed the detailed distribution and lock-up plan for the governance token GWEI, with a total supply of 1 billion tokens, including:

The ecosystem allocation is 31%, which will be linearly unlocked over 10 years;

Investor allocation: 27%, including a 1-year lock-up period (10% unlocks immediately upon expiration) and a 2-year linear unlock for the remaining tokens;

Team allocation: 22%, including a 1-year lock-up period (10% unlocks immediately upon expiration) and 2 years of linear unlocking;

The community allocation is 10%, which will be linearly unlocked over 4 years; the foundation allocation is 8%, which will be unlocked on the day of the mainnet launch;

Advisor allocation: 2%, including a 1-year lock-up period (10% unlocks immediately upon expiration) and 2 years of linear vesting.

In addition, GWEI distributed through community airdrops will be automatically staked for 30 days upon launch to ensure early contributors' participation in governance. Holders can choose to lock their GWEI for periods ranging from 1 week to 4 years in exchange for veGWEI.

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