Question 1

What is GWEI?

Accepted Answer

GWEI is the governance token of the ETHGas protocol, used for proposals, voting, and delegated decision-making within the protocol; it is not “gwei” as used to price Ethereum network fees. The latter is a denomination of ETH, while the former is an independent crypto asset and governance coordination tool. Holding GWEI itself does not mean acquiring an interest in company or protocol revenue. To obtain corresponding governance weight under ETHGas’s staking mechanism, holders need to lock GWEI and receive veGWEI.

Question 2

What is GWEI used for?

Accepted Answer

GWEI’s role is to coordinate ETHGas’s decentralized governance: holders may participate in proposals, voting, or delegate voting power to other participants. Governance rights are not ownership of project assets or profits, but decision-making participation rights for protocol governance matters. Under the official staking design, veGWEI obtained after locking represents governance weight. Therefore, merely holding liquid GWEI and obtaining governance weight through locking are two different states; the specific governable matters and rules remain determined by protocol governance and related contracts.

Question 3

What is the difference between GWEI and veGWEI?

Accepted Answer

GWEI is a liquid token that can be held and traded; veGWEI is a non-transferable vote-escrow receipt obtained after staking and locking GWEI. veGWEI cannot be traded like GWEI because it corresponds to a staked position that remains locked. veGWEI represents both governance weight and a share of the weekly reward pool. Locking more GWEI or extending the lock duration increases veGWEI; therefore, rewards are not calculated as a fixed amount solely based on the deposited amount, but are related to the position’s share of total governance weight.

Question 4

What is the process and lock policy for staking GWEI?

Accepted Answer

To stake GWEI, first connect a wallet on the official staking page, enter an amount, select an unlock date, and then complete the approval and staking transactions. Initial staking usually requires signing two separate operations—approval and staking; only after staking succeeds does the locked position generate corresponding veGWEI. The minimum lock period is 7 days, and the unlock date can only be selected at weekly cycle points of Thursday 00:00 UTC; the actual unlock continues until the last valid staking cycle ends. Staking cannot be withdrawn early during the lock period, so extending the lock period increases governance weight and reward share, but also delays the time when GWEI can be recovered. If GWEI is on BSC, the official process requires bridging it to Ethereum Mainnet before staking.

Question 5

How are GWEI staking rewards calculated?

Accepted Answer

ETHGas’s weekly rewards are distributed every Thursday at 00:00 UTC. To qualify for rewards for a given cycle, staking needs to be completed before that cycle begins; afterward, the reward share depends on held veGWEI, namely governance weight. The official protocol-level annualized formula is: (weekly GWEI rewards × 52) ÷ all staked GWEI. This is an annualized snapshot of the system-wide reward pool relative to total staked amount; it is not each user’s actual return. A personal measure must also multiply by the individual share of governance weight and then divide by the individual staking balance; changes in the reward pool, total staked amount, lock duration, and individual weight all change the result.

Question 6

Does GWEI’s supply adjust automatically?

Accepted Answer

GWEI does not use a mechanism that automatically increases issuance, burns tokens, or elastically contracts supply in response to short-term market demand to regulate price. Changes in circulating or available amounts described in the white paper should be understood through established issuance, allocation, unlocking, reward, or governance rules, rather than as an automatic price-stabilization mechanism. Therefore, supply rules themselves do not promise to maintain price or purchasing power; market price is also affected by trading liquidity, buying and selling demand, and other market conditions.

Question 7

Does holding GWEI mean owning project equity or dividend rights?

Accepted Answer

Holding GWEI or veGWEI does not mean owning equity in ETHGas, the foundation, or affiliated entities, nor does it grant claims to profits, dividends, revenue, fees, buybacks, or other economic returns. Governance or staking rewards are protocol-native incentive arrangements, may be subject to governance adjustments, and are not guaranteed returns. This distinction means token holders may participate in coordinating the protocol through the prescribed governance mechanisms, but cannot claim corporate membership or dividend rights merely because they hold tokens.

Question 8

What happened with GWEI’s TGE and Season 1 airdrop?

Accepted Answer

The ETHGas Foundation FAQ lists January 21, 2026 as GWEI’s official TGE date and provides for the Season 1 community airdrop claim and staking entry points to open that day. TGE is an event for token generation and initial claimability and participation in related mechanisms; it does not mean holders automatically obtain equity or fixed returns. The Season 1 eligibility snapshot was completed at 00:00 UTC on January 19, 2026, and relevant task activity after that time does not count toward eligibility for that airdrop round. This point in time determines the scope of eligibility calculation for that round; eligibility and actual claiming and staking still depend on official processes and on-chain operations.

ETHGas (GWEI) Price