{"id":18192,"date":"2024-10-30T12:53:27","date_gmt":"2024-10-30T10:53:27","guid":{"rendered":"https:\/\/forklog.com\/en\/glif-announces-100-million-glif-token-airdrop\/"},"modified":"2024-10-30T12:53:27","modified_gmt":"2024-10-30T10:53:27","slug":"glif-announces-100-million-glif-token-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glif-announces-100-million-glif-token-airdrop\/","title":{"rendered":"Glif Announces 100 Million GLIF Token Airdrop"},"content":{"rendered":"<p>The liquid staking protocol Glif, based on Filecoin, is set to launch its own token, GLIF. The project will distribute 100 million coins among users, reports The Block.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/TheBlock__?ref_src=twsrc%5Etfw\">@TheBlock__<\/a> broke the news: <a href=\"https:\/\/t.co\/Q26VhGEgJK\">https:\/\/t.co\/Q26VhGEgJK<\/a><\/p>\n<p>And on Medium: <a href=\"https:\/\/t.co\/eU58qIBmXV\">https:\/\/t.co\/eU58qIBmXV<\/a><\/p>\n<p>\u2014 GLIF (@glifio) <a href=\"https:\/\/twitter.com\/glifio\/status\/1851339072436117654?ref_src=twsrc%5Etfw\">October 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The total issuance of GLIF will be 1 billion tokens, with 10% allocated for the airdrop. The coins will be distributed on a 1:1 basis among all holders of loyalty program points.<\/p>\n<p>Users will receive 25% of their entitled assets immediately, with the remaining 75% unlocking linearly over 180 days. The schedule mirrors the block reward structure in the Filecoin network, the project explained.<\/p>\n<p>Glif&#8217;s founder and CEO, Jonathan Schwartz, announced plans to hold a token generation event (TGE) at the end of this year or early next year. Following this, the opportunity to apply for the airdrop will remain open for 12 months.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGLIF is the first governance token for a DeFi protocol valued at over $100 million, which is foundational to the Filecoin network, similar to Lido on Ethereum or Jito on Solana,\u201d said Schwartz.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Filecoin-DefiLlama-Google-Chrome.webp\" alt=\"Filecoin-DefiLlama-Google-Chrome\" class=\"wp-image-244178\"\/><figcaption class=\"wp-element-caption\">The largest DeFi protocols on Filecoin by total value locked (TVL). Data: <a href=\"https:\/\/defillama.com\/chain\/Filecoin\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The project describes itself as a \u201cliquid leasing\u201d platform, allowing FIL holders to earn income by lending tokens to Filecoin storage providers for mining.<\/p>\n<p>The team also announced the creation of the GLIF Foundation, an ownerless organization that will represent a DAO and be governed by GLIF holders.<\/p>\n<p>According to the project&#8217;s tokenomics, funds for the airdrop are allocated from 35% of the token issuance designated for \u201ccommunity growth\u201d incentives. Decisions regarding future distributions from this category will be made by the decentralized organization participants.<\/p>\n<p>Core developers are allocated 29.35% of Glif&#8217;s total supply. The assets have a one-year cliff period post-TGE, followed by linear unlocking over 36 months.<\/p>\n<p>20% of the issuance, or 200 million GLIF, is intended for ecosystem development. Of this, 25% will be immediately available, with 75% unlocking over three years.<\/p>\n<p>Investors will receive 15.65% of GLIF with a one-year cliff and a 24-month linear vesting period.<\/p>\n<p>Earlier this year, the project <a href=\"https:\/\/forklog.com\/en\/news\/institutional-bulletin-oobit-secures-25-million-nibiru-chain-raises-12-million\">raised $4.5 million<\/a> in a seed funding round led by Multicoin Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The liquid staking protocol Glif, based on Filecoin, is set to launch its own token, GLIF. The project will distribute 100 million coins among users, reports The Block. .@TheBlock__ broke the news: https:\/\/t.co\/Q26VhGEgJK And on Medium: https:\/\/t.co\/eU58qIBmXV \u2014 GLIF (@glifio) October 29, 2024 The total issuance of GLIF will be 1 billion tokens, with 10% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1289,1488,1258],"class_list":["post-18192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-cryptocurrency-staking","tag-filecoin-fil","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18192"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18191"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}