The Gas DAO, crypto project, emerged Wednesday with another airdrop to reward crypto investors whose accumulative ethereum gas fees is more than $1,559 on Ethereum gas fees before December 26, 2021.
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Gas DAO is a new project aspiring to give Ethereum’s most active community members a voice.
It launched today with a token airdrop to 643,000 of Ethereum network’s most active users.
The token has a total supply of one trillion coins. It’s currently trading at fractions of a penny—down over 40% from its all-time high.
Those who coughed up enough fees to earn 1 billion GAS tokens will reportedly be able to make proposals in the yet-to-launch decentralized autonomous organization (DAO). Others who can claim at least 1.78 million tokens will earn a “gas-holder” moniker in the project’s Discord, according to marketing materials.
These same documents also indicate that 55% of the total 1 trillion supply (550 billion tokens) have been earmarked for this airdrop.
At the current volatile price of GAS, that comes out to a whopping $9,1575,000 doled out to anyone bold enough to claim the airdrop. Any amounts unclaimed before May 1, 2022, will be added to the DAO’s treasury.
Another 15% of the supply (150 billion tokens) is reserved for the 25-person developer team.
Of that stash, 80% (120 billion tokens) will vest linearly over six months. The remaining 20% (30 billion tokens) is unlocked immediately.
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