The third GGTK tokenomics update is here!
TL;DR
Current circulating supply: ~15 800 000 GGTK
Total supply: 46 800 000 GGTK
Total amount of locked tokens: 31 000 000 GGTK (66%)
At this point three time-lock contracts have already expired. The first one on April 2nd 2021 had 500 000 GGTK, the second one on June 27th 2021 had 6 500 000 GGTK. From these unlocked tokens 1 638 000 GGTK were sent to the 4 year NULS POCM program on July 6th and 2 million were re-locked into the 24 month lock contract
Today we released 7.5 million GGTK from the 12 month lock contract, that expired in December 27th 2021. The next time lock contract expires in December 27th but we don’t plan to release those tokens at that point, probably just in late 2023.
The current circulating supply of ~18.3 million GGTK includes the 1.6 million sent to the 4 year NULS pocm program but these will only be fully available after 4 years.
We hope this clarifies the current status but you can always ask further questions in our Telegram community.
Token Distribution and Vesting Schedule
Pre-sale — 5 000 000 GGTK (10%) — Fully unlocked — 3 197 520 unsold tokens were burned before Uniswap Listing.
Team — 4 000 000 GGTK (8%) — Locked from 12 to 48 months, 25% will be released each year.
Partners and Promotion — 5 000 000 GGTK (10%) — 10% was unlocked at the launch, then 20% will be released each year.
Marketing — 5 000 000 GGTK (10%) — 10% was unlocked at the launch, then 20% will be released each year.
Insurance fund — 5 000 000 GGTK (10%) — Locked from 24 to 60 months, 25% will be released each year.
GGTK Rewards — 21 000 000 GGTK (42%) — Locked from 6 to 60 months, 12,5% will be released each year in the first 4 years until halving.
Liquidity provision — 5 000 000 GGTK (10%) — 50% will be unlocked at the launch (Uniswap liquidity), then 20% will be released each year.
Time-lock contracts
Review all the time-lock contracts here:
3 month time-lock (expired April 2nd 2021) — 500 000 GGTK — https://etherscan.io/address/0x227723e4d0a90ceddffa84dc9a8d808dafdc6bad#code
6 month time-lock (expired June 27th 2021) — 6 500 000 GGTK — https://etherscan.io/address/0xbe44904022e1839df153b766a4d875ba6ef28cc3#code (2 million were re-locked into the 24 month time-lock)
12 month time-lock (expired December 27th 2021) — 7 500 000 GGTK — https://etherscan.io/address/0x93f9f8c124df84780226388a9b6f5ee0b76e98ed#code
24 month time-lock (December 27th 2022) — 12 000 000 GGTK — https://etherscan.io/address/0x2a04b61db1ff1cc90deb94dac4eba81122c2204b#code
36 month time-lock (December 27th 2023) — 8 000 000 GGTK — https://etherscan.io/address/0x27c5be8c394f85b6fbf92292afef5833f75d21e9#code
48 month time-lock (December 27th 2024) — 5 500 000 GGTK — https://etherscan.io/address/0xd884d26c8e4e2e7cdff28ca1fd940b24648dc7c5#code
60 month time-lock (December 27th 2025) — 5 500 000 GGTK — https://etherscan.io/address/0x0e56e31a6241977fc46383aac121ac00bca8d2a4#code
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