GAB Token
Last updated
Last updated
Resource address: resource_rdx1tknu3dqlkysz9lt08s7spuvllz3kk2k2yccslfpdk73t4lnznl9jck
The above resource address is the official address associated to the Gable custom token 'GAB'. When interacting with the token, ensure that the address matches the one above.
GAB is the custom token for the Gable protocol. This token is issued deliberately after the first release of the protocol (Gable Version 1). From Gable Version 2 and onwards, GAB will play a pivotal role in interacting with the protocol and contributing to its governance.
Suppliers may gain access to enhanced rewards, reduced fees, or exclusive features, while borrowers can enjoy discounted interest rates or access to a wider range of lending options. This utility token will play a crucial role in further incentivizing engagement and usage on our platform.
The Gable token will also serve as a governance token. Token holders will have the opportunity to participate in the decision-making processes of Gable enabling them to vote on key proposals and protocol upgrades. This ensures that our community plays an active role in shaping the future direction of Gable.
At genesis, 1,000,000,000 GAB tokens will be minted, which will become available over an approx. 4.5 year period. The tokens will be allocated as following:
55% of tokens will be distributed to the community: 550,000,000 GAB
20% of tokens will be distributed to the team: 200,000,000 GAB
15% of tokens will be dedicated to cover operational expenses: 150,000,000 GAB
10% of tokens will be distributed to investors: 100,000,000 GAB
Inflation
We are committed to encourage active participation and contribution within the Gable. To ensure the long-term health and sustainability of our ecosystem, we are introducing a perpetual inflation rate of 1% per year. This inflation mechanism will come into effect after the last tokens from the initial release schedule have been distributed, approximately 4.5 years from now. This 1% annual inflation will completely be dedicated for participation on the protocol, by the community.
For more information, visit the GAB tokenomics post here.
