PANews reported on October 30 that according to The Block, Filecoin ecosystem liquidity pledge protocol Glif is about to launch its native token GLIF, with a total supply of 1 billion, of which 10% (100 million) will be airdropped to eligible users. These tokens will be distributed at a 1:1 ratio to GLIF point holders with at least 1 point, and any unused tokens will be returned to the community reward pool. Glif said that airdrop recipients can get 25% of the tokens immediately, while the remaining 75% will be linearly vested within 180 days, which is similar to the block reward structure of the Filecoin network. Unvested tokens will still be counted in the governance voting weight.
Glif founder and CEO Jonathan Schwartz said that so far, Glif has issued more than 82 million GLIF points and plans to conduct a final distribution before the TGE, bringing the potential total to 100 million. Although the TGE date has not yet been determined, the goal is to conduct it at the end of this year or early next year. Once the airdrop claim window opens, it will last for 12 months.
Details on other allocations: 10% of the GLIF airdrop comes from a broader 35% "community development" allocation, and the remaining 250 million tokens will be reserved for additional community development work. GLIF token holders will decide the allocation and use of the remaining 25% through a governance process, allowing the community to set priorities and manage future allocations. The second largest allocation is the core contributor token allocation, accounting for 29.35% of the total supply. The allocation for ecosystem development accounts for 20%; the investor allocation accounts for 15.65%.
