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ETHGas is a settlement and blockspace marketplace for Ethereum that turns blockspace into a tradable commodity via standardized futures and pre-confirmations. It targets realtime confirmations and a gasless UX by enabling validators to sell future blockspace and protocols to sponsor fees through the Open Gas initiative. The project launched with roughly $800M in validator/builder liquidity commitments and raised a seed round led by Polychain. Governance is coordinated by the ETHGas Foundation and the $GWEI token.

16 events
Tracking since about 1 month ago
Raised 17.00

News (16)

ETH Gas Foundation has an eligibility checker live for a potential airdrop.

Reported requirements include meeting one of the following: burn more than 0.5 ETH, be in the Top 100 Discord Points, be a Top Telegram User, or be Top 100 in ETH Gas.

Additionally, users must accumulate at least 500 Beans, and generate and share a Gas ID.

All three conditions must be completed (with the first condition satisfied by any one of its listed options).

ETH Gas published tokenomics and governance details for GWEI.

Total supply: 1,000,000,000 GWEI. Allocation: Ecosystem – 31% | Investors – 27% | Team – 22% | Community – 10% | Foundation – 8% | Advisors – 2%.

A TGE airdrop is planned (amount TBA) and will be automatically staked as veGWEI for 30 days, participating in early boosted staking. After 30 days, tokens unlock for user choice (delegate/extend lock/sell).

The Community allocation (10%) is separate from the TGE airdrop pool (smaller; exact size TBA).

A snapshot for eligibility is set for January 19.

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