GammaSwap announces GS token economics: 2% for airdrops, LBP to launch on August 30th.
Powered by ChatGPTDeep Tide TechFlow News, perpetual on-chain options protocol GammaSwap announced the upcoming launch of its governance token $GS on August 17. In terms of token distribution, the total supply is 1.60 billion tokens, with China's treasury accounting for 37%, the core team 23%, investors 17%, liquidity mining and staking 15%, LBP 5%, airdrop 2%, and advisors 1%.
GammaSwap's token economics design includes GS tokens, locked GS (esGS), and multiplier points (MP). GS tokens can be staked to earn 30% of protocol revenue (in $ETH), esGS rewards, and MP points. esGS is obtained through staking and liquidity mining, which can be further staked or unlocked within 30 days. MP points are obtained through staking, increasing the APR of $ETH rewards.
GammaSwap plans to launch the LBP on August 30, with the airdrop to follow. The protocol has been operational for nearly a year, with a cumulative perpetual options trading volume exceeding $100 million and a peak TVL of over $6 million.