ETHGas Announces GWEI Token Allocation and Lock-up Plan, 31% for Ecosystem with 10-Year Linear Vesting

Odaily News ETHGas Foundation has disclosed the detailed allocation and lock-up plan for its governance token GWEI, with a total supply of 10 billion tokens, distributed as follows:

31% allocated to the ecosystem, subject to a 10-year linear vesting schedule;

27% allocated to investors, featuring a 1-year lock-up period (with 10% unlocked immediately upon expiry) followed by a 2-year linear vesting;

22% allocated to the team, featuring a 1-year lock-up period (with 10% unlocked immediately upon expiry) followed by a 2-year linear vesting;

10% allocated to the community, subject to a 4-year linear vesting; 8% allocated to the foundation, unlocked on the launch day;

2% allocated to advisors, featuring a 1-year lock-up period (with 10% unlocked immediately upon expiry) followed by a 2-year linear vesting.

Additionally, GWEI distributed through community airdrops will be automatically staked for 30 days upon 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.