[ANN UPDATE] GLIP Token — Whitepaper v2 Release & Roadmap Refinement

[seonmo73]

Hello everyone, it’s been a while! 👋
We’re pleased to share a few important updates from the GLIP Foundation as the project continues to evolve and grow toward its mainnet era.

🧾 GLIP Whitepaper v2.0 Released

The newly updated Whitepaper (v2.0) is now live, presenting our refined vision for a transparent and eco-friendly blockchain economy.
This version further clarifies:

The on-chain fee rebate mechanism that returns part of network fees to users.

The ESG integration model, linking blockchain activity to real environmental impact.

The quarterly transparency report system, ensuring public visibility of all foundation activities.

🏗 Roadmap Update

In alignment with the new whitepaper, the roadmap has been slightly refined to reflect upcoming milestones:

2025 Q4: GLIP Whitepaper v2 release & presale phase

2026 Q1: Development of GLIP-SWAP, our official DEX platform

2026 Q3: Launch of the GLIP Mainnet testnet and DEX prototype integration

2026 Q4: Feature expansion — including analytics dashboards & transparency modules

These changes aim to align the project’s technical timeline with a more practical, transparent, and ESG-aligned growth path.

💬 Message from the Team

We’d like to sincerely thank all community members and early supporters who have been with us throughout this journey.
GLIP continues to build quietly yet steadily — combining technology, transparency, and sustainability for a better blockchain future.

Let’s keep building — responsibly, transparently, and together. 🌱

🔗 Official Website: https://glipchain.com

[BattleDog]

How does the on-chain fee rebate work exactly: contract addresses, formula, and who can change parameters?

The Roadmap says mainnet Q3'26. Is GLIP an L1 or an L2; if L2, what's the settlement layer. What's the consensus, validator set selection, and gas token? Where does GLIP the token fit, supply, emissions, vesting, and fee sinks?

The GLIP-SWAP, is it an AMM, an aggregator, or both? Links to the v2 whitepaper, repos, and a status page would make this easier to track.

[seonmo73]

How does the on-chain fee rebate work exactly: contract addresses, formula, and who can change parameters?

The Roadmap says mainnet Q3'26. Is GLIP an L1 or an L2; if L2, what's the settlement layer. What's the consensus, validator set selection, and gas token? Where does GLIP the token fit, supply, emissions, vesting, and fee sinks?

The GLIP-SWAP, is it an AMM, an aggregator, or both? Links to the v2 whitepaper, repos, and a status page would make this easier to track.

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Is GLIP L1 or L2? L1 (EVM).

Consensus? DPoS + BFT finality.

Gas token? GLIP-Coin (post-swap).

Rebate formula? R₍q₎ = r·F + (protocol rev share); weight W = 0.7·fees + 0.3·stake (defaults TBD by governance).

Who changes parameters? On-chain governance (timelocked); guardian can only pause.

DEX type? AMM first; aggregator next.

Tokenomics split? Public 40 / Team 15 / Ecosystem 25 / Community&Staking 15 / Reserve 5.

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Below is our current working design. Items marked TBD / to be ratified will be finalized in Whitepaper v2 (target: 2025-10-20 KST) and put to governance for confirmation. We’ll publish links on the official site and announcements channel.

On-chain Fee Rebate (Mechanism, Contracts, Governance)

Scope: Rebates apply to GLIP Mainnet transaction fees (post-launch). While GLIP runs as an ERC-20 on Ethereum pre-mainnet, the rebate accrues on GLIP Mainnet activity once live.

Contracts (labels; addresses to be published at deployment):

FeeCollector – records base gas fees per block/tx.

RebateVault – escrows the rebate pool for each epoch (quarter).

RebateDistributor – computes per-account entitlement and settles claims.

GovTimelock / GovTokenGovernor – parameter changes via on-chain vote.

Guardian multisig (emergency pause only; cannot change economics).

Quarterly formula (epoch q):
Let F₍q₎ = total eligible network fees in the quarter (after base-burn; see Fee Sinks).
Let r₍q₎ = rebate rate (default proposal r₍q₎ = 35%, TBD).
R₍q₎ = r₍q₎ · F₍q₎ + x% of protocol revenues (DEX, name service, etc., TBD).
Each account i gets weight Wᵢ = a · feesᵢ + b · stakeᵢ, normalized over all eligible accounts.

feesᵢ = gas fees the account actually paid on-chain during q (anti-wash rules apply).

stakeᵢ = average staked GLIP (or GLIP-Coin) over q.

Default split a=0.70, b=0.30 (TBD). Caps and sybil guards apply (per-account cap c, min-activity thresholds).
Payout: rebateᵢ = R₍q₎ · (Wᵢ / ΣW), claimable via RebateDistributor.

Who can change parameters?

Governance (GLIP token voting) can change: r₍q₎, a/b split, eligibility lists, caps, and oracle toggles.

Timelock protects all changes (e.g., 48–72h).

Guardian multisig may only pause/unpause distribution in emergencies; any economic parameter change requires a governance vote.

Note: Exact contract addresses will be posted with Testnet and Mainnet releases and mirrored on the website + block explorer.

Network & Roadmap

Roadmap: Testnet & GLIP-SWAP prototype in Q3 2026, as previously shared.

Layer: L1 (sovereign chain) with EVM compatibility. (If we ever consider an L2 path, Ethereum would be the settlement layer; current plan is L1.)

Consensus: DPoS with BFT-style finality (HotStuff/Tendermint-class). Target 2–5s block time, deterministic finality in seconds.

Validator set: top-N by stake (e.g., 21–51 active, TBD), commission bands, slashing for double-sign and downtime, unbonding window (e.g., 7–14 days, TBD). Rotation per epoch (e.g., 24h).

Gas token: GLIP-Coin (native) on Mainnet. The current ERC-20 GLIP will be swapped 1:1 to GLIP-Coin at Token Swap (Testnet/Mainnet window).

Token Role, Supply, Emissions, Vesting, Fee Sinks

Role: staking (validator delegation), governance, gas (post-swap as GLIP-Coin), and protocol utility (DEX fee reductions, listing deposits, etc.).

Allocation (working numbers already disclosed):

Public Sale 40%

Team & Advisors 15%

Ecosystem & Partnerships 25%

Community & Staking 15%

Reserve Fund 5%
(Total supply T and decimals: TBD; to be locked in v2 whitepaper.)

Emissions / Rewards (proposal):
Staking rewards sourced from Community & Staking (15%) with a declining schedule (e.g., annual decay) to target sustainable yield; exact curve TBD via governance.

Vesting (proposal):

Team & Advisors: 12-month cliff, then 24-month linear.

Ecosystem & Partnerships: up to 48-month linear, milestone-gated.

Reserve Fund: time-locked with on-chain transparency.

Public Sale: per-round terms; Phase 1 per current presale policy.

Fee sinks (burns & sinks):

Base fee burn (EIP-1559-style) to counter inflation.

Portion of DEX fees and listing/deposit fees to Treasury/Rebate.

Slashing penalties partially burned.

Future products (names/storage/oracles) contribute to sinks.

GLIP-SWAP (DEX)

Architecture: AMM first, Aggregator second (staged rollout).

v1: UniV2-style constant-product pools + stable-swap pools for correlated assets.

v2: Path-finding aggregator that routes across GLIP-SWAP pools (and later other DEXs on GLIP).

Governance-tunable fee tiers; protocol share flows to Treasury/Rebate.

Links & Publication Plan

Whitepaper v2 (PDF): to be published on glipchain.com in Oct 2025 (KST).

Repos: public GitHub org (foundation + chain + DEX) with READMEs, audits, and specs (links will be announced in Telegram & Naver Blog).

Status page: public status/uptime page targeted for Q4 2025 (pre-testnet).

All final contract addresses will be posted on the website and pinned in the official channels at Testnet/Mainnet.