whitepaper_1.0
  • Background
    • The climate crisis
    • Response from global key organizations
  • Problem statement
    • The necessity of two-way contributions
    • Lack of means and platforms
  • Solution - GIGS dApp
    • Overview
    • Our first move - MVP
      • Power saving mode
      • Service Flow
  • Token Economy
    • Token Information
    • GIGS Token Economy
    • Token Supply and Demand
  • Roadmap
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  1. Token Economy

Token Information

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Last updated 9 months ago

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.

Token Distribution Plan