Glacier Network has announced adjustments to its $GLS token distribution plan, reallocating 1% of the total token supply to the community. This move aims to compensate users who missed participation due to whitelist issues. The TGE unlocking ratio has been reduced from 1.85% to 0.85% without changing the initial circulation supply or diluting the rights of early participants. The community-exclusive distribution round allows each address to purchase up to 84,000 $GLS at $0.033 per token, with all funds raised going to the Uniswap GLS/ETH liquidity pool. The event starts on December 18 and is open only to users with failed whitelist submissions. Previously, Glacier Network raised $8 million, valuing the company at $100 million.

PANews reported on December 17 that Glacier Network announced the $GLS listing boot plan, reallocating 1% of the total token supply to the community to compensate users who missed the opportunity to participate due to whitelist issues. By persuading early VC investors, the TGE unlocking ratio was reduced from 1.85% to 0.85%, the initial circulation supply remained unchanged, and the rights and interests of participants in the first two rounds were not diluted.
 Specific rules for this community distribution round:
 Each address is limited to purchase 84,000 $GLS (about 0.70 ETH); The token price is $0.033, the same as the previous two rounds; 100% unlocked in TGE; All funds raised will be injected into the Uniswap GLS/ETH liquidity pool.
 The event will start at 15:00 Beijing time (7:00 UTC) on December 18 and will only be open to users who have submitted a failed whitelist form.
 Earlier news, Glacier Network announced that it had completed US$8 million in financing, with a valuation of US$100 million.

Glacier Network Adjusts $GLS Distribution, Launches Community-Exclusive Round