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gETH

by Ethereum Foundation

JOIN THE MOVEMENT


ETH GAS FEES, REDISTRIBUTED.

ETH2.0’s arrival brings a compensation to Ethereum users, for the gas fees they
have spent.

Introducing $gETH, a token distributed in direct proportion to your gas fee
expenditure.
a project by Ethereum Foundation.


Calculate Gas Fees

No account connected, using 0xF0f35…07708 as an example.
You've spent Ξ25.524  on gas. Right now, that's $64,703.

You used 17,409,849 gas to send 539 transactions, with an average price
of 26.48309M Gwei.

You can claim $12,294 worth of $gETH

Calculate Gas Fees

In order to get your gETH tokens you first have to calculate your gas fees.


WHAT IS GETH?

gETH, or gasETH, is an Ethereum core team token designed to reward individuals
who have incurred significant gas fees on the Ethereum Mainnet. As Ethereum
shifts into a new phase, reducing gas fees, we aim to recognize and reward those
who have extensively utilized the network.

Once the ETH2.0 Sharding update is implemented, gasETH will serve as a gas token
and is currently being actively developed by the Ethereum team.





WHY THE GETH TOKEN?

Gas fees have been a persistent issue for the Ethereum network since its
inception, leading to slow and costly transactions. The Ethereum Foundation has
devised a solution—a token that rewards participants in ETH 1.0. Presently,
Ethereum processes 1 million transactions daily and generates substantial ETH
for its stakers (prior to miners). However, as ETH2.0 launches, gas fees will
significantly decrease, with gETH serving as the primary currency for paying
these fees.

Architecture of gETH

All gETH tokens will be redistributed to those who have spent on gas fees,
ensuring proportional rewards based on their expenditure. This straightforward
token is released by the Ethereum Foundation, established and funded by Ethereum
from its beginning.


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