Token Information
Last updated
Last updated
GIGS is a platform that supports climate action based on individual participation, while GIGS token is used for governance and utility purposes. The total issuance is 10 billion GIGS, of which 30% will be distributed as Rewards to users who participate in climate action through the GIGS app. Another 20% will be allocated as reserve pool and another 15% will be used as treasury to support 3rd Green Parties based on carbon emissions saved through GIGS app.
Support for 3rd Green Parties is determined by DAO/Community of GIGS, and support for these DAO activities accounts for 25% of the total distribution of GIGS tokens. The remaining 10% will be allocated to existing shareholders, which includes investors and team members.