Genesis Supply
Last updated
Last updated
Upon launch, the genesis supply of 100 million $GNS will be issued, divided into two categories:
A total of 50 million $GNS, representing 50% of the genesis supply, will be distributed through an airdrop. Details of the airdrop are TBA.
A total of 50 million $GNS, representing 50% of the genesis supply, will be reserved to sustain the core protocol and foster the success of the GnoSwap and the Gnoland ecosystems.
The tokens in the Ecosystem Growth Reserve will be utilized to provide initial liquidity for a smooth trading experience from launch day, bootstrap new GnoSwap features, fund public goods on Gnoland, and make strategic investments to drive the growth of the ecosystem.
Ultimately, this reserve will aim to be utilized to capture the long-term value of $GNS for the $GNS holders, who are the backbone of the protocol's long-term success.