GWEI Governance Token Distribution Plan Explained: 10 Years of Ecosystem Unlock + Staking and Mining Dual Tracks

【Blockchain Rhythm】The ETHGas Foundation officially announces the complete distribution plan for the governance token GWEI, with a total issuance of 10 billion tokens. This distribution design can be described as quite “meticulous”——

The ecosystem allocation takes the largest share, with 31% gradually released over 10 years to ensure the long-term development of the ecosystem. Investors and the team each hold 27% and 22%, respectively, both with a 1-year lock-up period, followed by a 2-year linear unlock. There is also a small mechanism: 10% is unlocked directly after the lock-up period ends. The community receives 10%, which is relatively flexible, with a 4-year linear vesting. The foundation holds 8%, which is unlocked on the first day for operations, and the 2% for advisors also requires a 1-year wait.

Interestingly, the community airdrop portion will automatically enter a 30-day staking period. This design is likely intended to increase governance engagement among early participants. Afterwards, holders can choose to lock GWEI for a period ranging from 1 week to 4 years in exchange for veGWEI to participate in governance. This mechanism is somewhat similar to Curve's ve model— the longer the lock-up time, the greater the voting power.