According to Foresight News, the Filecoin ecosystem DeFi protocol Glif is about to launch its native token GLIF and has announced its tokenomics. The total supply of GLIF is 1 billion tokens, with 35% allocated to the community, of which 10% (i.e., 100 million tokens) will be airdropped to eligible users (these tokens will be distributed on a 1:1 basis to GLIF token holders with at least 1 point, and any unused tokens will be returned to the community reward pool). Additionally, 20% is allocated for ecological development, 15.65% for investors, and 29.35% for core contributors. In the airdrop, tokens are distributed on a 1:1 basis to GLIF token holders, with a minimum of 1 point required for eligibility. Similar to the block reward structure of the Filecoin network, 25% of the airdrop rewards will be immediately available to eligible airdrop recipients, while the remaining 75% will vest linearly over 180 days.
Glif founder and CEO Jonathan Schwartz stated that so far, Glif has issued over 82 million GLIF tokens and plans to make 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 by the end of this year or early next year. Once the airdrop claim window opens, it will last for 12 months. GLIF allows FIL token holders to earn FIL rewards through storage mining on the Filecoin network by lending their tokens to Filecoin storage providers.
