ETHGas has announced the distribution details for its governance token, $GWEI, with a total supply of 10 billion tokens. The ecosystem is set to receive 31% of the tokens, which will be distributed linearly over a decade. Investors and the team are allocated 27% and 22% respectively, with a 1-year lock-up period and a subsequent 2-year linear release. The community will benefit from 10% of the tokens, released over four years, while the foundation's 8% will be available immediately upon listing. Advisors are allocated 2%. Additionally, GWEI obtained through airdrops will be staked for 30 days to enable veGWEI governance.
ETHGas Unveils GWEI Token Distribution Plan
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