@favson.base.eth
#ETHGas ā TGE Update
On the 16th, ETHGas published full details on the confirmed $GWEI token distribution š
http://ethgas.com/blog/gwei-tokenomics-governance-and-day-one-staking
Key takeaways:
š¹ After TGE, ETHGas will launch a structured incentive staking program to bootstrap governance participation.
š¹ Airdropped $GWEI tokens will be automatically staked in a reward-bearing pool for at least 30 days.
š¹ After 30 days, users can fully claim their airdrop + staking rewards.
š¹ Long-term, holders can lock $GWEI for 1 week up to 4 years to receive veGWEI.
š¹ The longer the lock period, the greater the governance power and potential rewards.
$GWEI airdrop recipients are real Ethereum users with:
ā¢ verified gas spending
ā¢ active participation in the Ethereum ecosystem
This clears up many previously undisclosed details around ETHGas tokenomics and governance.
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