The infrastructure layer ETHGas, dedicated to solving the challenges of Ethereum's delays and unpredictable fees, officially announced today that its native utility and governance token $GWEI will soon hold its Token Generation Event (TGE).
Led by a team of Wall Street financial engineers and Silicon Valley technology veterans, ETHGas is pioneering the concept of "Realtime Ethereum." By transforming block space into a structured, tradable asset, the protocol aims to increase Ethereum's speed by 100 times and create a real-time, gas-free environment. In such an environment, users can trade instantly, while various protocols can achieve sustainable growth through new mechanisms.
Governance and Decentralized Management
The $GWEI token will serve as the core governance tool of the ETHGas ecosystem. Given that billions of dollars flow through Ethereum's gas market each year, $GWEI aims to transform token holders from passive network users into active managers of the protocol's future.
Its main governance functions include:
On-chain Decision Making: Staked $GWEI will convert to veGWEI (voting escrow), granting holders the power to adjust protocol parameters, manage supply dynamics, and approve smart contract upgrades.
Liquidity Democracy: Through a delegation model, token holders can delegate their voting rights to trusted representatives, amplifying their voice while retaining full ownership of their assets.
Commitment-based Weighting: Voting influence will be tied to the long-term health of the ecosystem, rewarding participants who demonstrate long-term commitment to the protocol by extending their holding periods.
Treasury Management: The veGWEI community will have final decision-making authority over the protocol's treasury, guiding resource allocation towards developer funding, strategic partnerships, and sustainable growth initiatives.
Chapter 4: "The Genesis Harvest" and "Proof of Pain"
In conjunction with the TGE, ETHGas will launch its fourth chapter event: "The Genesis Harvest." This milestone marks the first distribution of $GWEI through its proprietary "Proof of Pain" mechanism to those builders who have contributed to a gas-free future.
"The Genesis Harvest" will utilize advanced on-chain analytics to identify and reward the real contributors most affected by the traditional network's delays and fee fluctuations. This sybil-resistant approach ensures that governance power is entrusted to the protocol's most loyal users.
Call to Action: Complete Qualification by January 19
To participate in "The Genesis Harvest," users must complete the final community tasks before the snapshot at 00:00 UTC on January 19, 2026 (08:00 Beijing time on January 19).
The ETHGas leadership team stated, "2026 will be the year of Realtime Ethereum. By transforming block space into a tradable commodity and handing the keys to a decentralized group of managers, we are increasing Ethereum's speed by 100 times—enabling an instant and gas-free experience for the next billion users."
For more details about the $GWEI token, please visit https://ethgasfoundation.org.
About ETHGas
ETHGas is the real-time infrastructure layer for Ethereum. By transforming block space into a tradable commodity, ETHGas addresses the network's biggest challenges—delays and unpredictable fees—empowering an instant and gas-free user experience.
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