The GPRO token is the governance token for the GP. The GPRO token has no value outside of providing a right to the token holder to participate in governance if they so choose. Holders of the GPRO token can periodically vote to allocate the funds that have accumulated in the Project Grant Pool to eligible projects and campaigns. Token holders can vote or delegate their voting rights to protocol delegates. To incentivize token holders to participate in governance by voting or delegating their tokens, those who vote or delegate their votes will receive a reward distribution from the funds that have accumulated in the Governance Participation Reward Pool.
How do I get GPRO tokens?
GPRO tokens are acquired by generously giving to projects that are registered on the GP. The GP automatically distributes GPRO to givers who make gifts of supported tokens via the GP to nonprofits and beneficiaries. To view your GPRO token balance in your Ethereum wallet, be sure to add the GPRO token (contract address: 0x1d……..6n5b).
GPRO Token Allocation
No more than 1.1 Billion GPRO governance tokens will be minted and distributed. Those tokens will be minted and distributed over the coming years based upon an immutable schedule that ties the minting of the tokens to the volume of giving through the GP.
The allocation of tokens over the life of the GP is as follows:
- 700,000,000 GPRO to Givers
-
400,000,000 GPRO to Team Members and Investors
(300,000,000 GPRO to Team Members)
(100,000,000 GPRO to Engiven Investors)
Allocation and Distribution to Givers
With each gift of a supported token that is made via the GP to a nonprofits or beneficiary, GPRO tokens are automatically minted directly into the giver’s wallet. To view your GPRO token balance in your Ethereum wallet, be sure to add the GPRO token (contract address: 0x1d……..6n5b).
The number of GPRO tokens that are distributed with each gift is determined by a mint-ratio schedule utilizing the USD equivalent value that is added to the Project Grant and Governance Participation Reward Pools by the donation. The mint-ratio increases with each token minted.
The 1st GPRO token was allocated and distributed at a rate of 1 GPRO token per $.001 USD value equivalent added to the Governance and Project Grant Pools. The final token will be allocated and distributed at a rate of 1 GPRO per $10.00 USD value equivalent added to the Governance and Project Grant Pools.
The formula for the mint-ratio schedule is as follows:
DEFINITIONS
(MR) – Mint Ratio is the mint-ratio at which we are minting the CT for a particular donation.
(TT) – Total Tokens allocated to the protocol (700,000,000)
(FT) – The mint-ratio USD equivalent of the First Token. ($0.001)
(LT) – The mint-ratio USD equivalent of the Last Token. ($10.00)
(CT) – The current number of tokens which have been previously minted as a result of giving, at the given point in time (eg. Token # 12,678,909)
(LPI) – Linear Price Increase Per Token if the increase were linear from FT to LT, which is derived by the formula : LPI = ( LT – FT ) / TT
FORMULA
FT + ( CT x ( LPI x ( CT / TT ) ) ) = MR
Team, Shareholder, and Investor Member Allocation and Distribution
Team Member and Investor Tokens will be unlocked by the protocol and available to team members and investors over the life of the token minting schedule. The unlocking of the tokens is tied directly to the minting and distribution of the giver tokens, ensuring a constant and knowable rate of voting dilution that can never exceed 36.3636%.