ETHGas announces details of GWEI allocation and lock up plan

The ETHGas Foundation has disclosed its allocation and lock up plan for the governance token GWEI, with a total supply of 10 billion tokens: ecosystem allocation of 31% (10-year linear unlock), investor allocation of 27% (10-year linear unlock), team allocation of 22% (10-year linear unlock), community allocation of 10% (4-year linear unlock), foundation allocation of 8% (first day of launch unlock), and advisor allocation of 2% (10-year linear unlock). The GWEI airdropped by the community will be automatically staked for 30 days upon launch, and holders can choose to lock it in for 1 week to 4 years in exchange for veGWEI.