GWEI governance token is here, and ETHGas wants to use it to address Ethereum block space competition

HashBandit · 2026-01-14T04:56:19+00:00

ETHGas Foundation launches governance token GWEI to manage the "Real-Time Ethereum" infrastructure, addressing delays and price volatility caused by block space competition. The TGE schedule for the token will be announced on January 19th, and the project has just secured $12 million in funding.

HashBandit

2026-01-14 04:56:19

Abstract generation in progress

【Blockchain Rhythm】ETHGas Foundation recently made a big move—launching a governance token GWEI. As the name suggests, it is intended to manage the infrastructure of “Real-time Ethereum.” In simple terms, it aims to alleviate various delays and price volatility caused by blind competition for block space through this token.

The specific details of the token are still being prepared, and the official announcement about the TGE schedule will be made soon. The key date is January 19th at 00:00 UTC, when a snapshot will be taken.

Looking at the background, ETHGas just completed a $12 million token funding round last month, led by Polychain Capital. With this financial support and the launch of the governance token, it appears that this project is serious about infrastructure optimization.

ETH4,92%

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MetaverseLandlord

· 6h ago

Gwei is a brilliant name, directly taking the smallest unit of ETH as the token name... Looks like they really want to solve the gas issue.

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PessimisticLayer

· 6h ago

Another governance token. Will this time truly solve the gas fee problem? It seems that voting alone can't really change much.

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BakedCatFanboy

· 6h ago

Another governance token to harvest the early investors? I’ll be watching the snapshot on January 19.

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SatoshiChallenger

· 7h ago

Another savior of governance tokens, easy to talk about [cold laugh] What about the lessons from history? Data shows that projects of this kind generally see a crash in popularity within half a year. If they could really solve the gas problem, why wait until now? A 12 million funding sounds impressive, but objectively speaking, Bitcoin changed the entire world without spending a penny back then. Now some projects are spending money and facing more and more problems. Ironically, this is a sign of a bubble cycle. Before you enter, take a look at the historical review and avoid repeating the tragedy of the last wave with a 98% liquidation rate. Do I believe that token governance can truly solve technical issues? I don't, unless the data can be deceived.

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