Gutter Summer is here, and the upcoming launch of $GANG token is bringing heat to the streets of Gutter City!
Earlier tonight, Yugen (@YugenLBS) dropped a major Discord update and tweeted, "It's a good night to be an OG holder or a gutter grab user."
In GCG's Discord, Yugen shared, "$GANG has had two last-minute inquires from two L2 chains," and the team wants to consider the offers and determine whether they might be a good fit.
As a result, the team will "postpone the TGE from the originally scheduled date in July," providing time for all parties to do their due diligence on these opportunities.
Yugen said, "If either of these opportunities are a fit for $GANG, then TGE will be immediately scheduled with a date & time." See the Discord screenshot below for additional details:
He added that due to the "unplanned side-quest," they're making a change to Allocation: "We have chose to give up 3% of the Team Allocation and a further 3% from the Ecosystem Allocation and give that directly to the community as goodwill..."
Yugen explained that, "An additional 5% has been added to the current Community Airdrop Allocation (OGs & Gutter Grab)" and "1% has been added to the Seed Round Allocation for those who participated."
He stated that if these inquiries hadn't emerged, the $GANG token was set to launch on schedule. However, due to the organizations' interested, it was reasonable to consider the opportunities.
As the Gutter Cat Times previously reported, on 7/09, the Gutter Team dropped a Discord announcement that included updates on the $GANG token, indicating that OG and Gutter Grab Allocation for $GANG Token had been approved and were expected to be announced publicly within the week.
Due to this recent "side-quest," the updated Token Distribution numbers are now: 20% to OG Cat holders, 5% to Dog, Rat, and Pigeon holders, 5% to Gutter Grab participants, 6% to Seed Round participants, 4% to the Team, 11% to a Strategic Round, and 5% Liquidity. See below for the breakdown:
The Gutter Cat Times will continue to bring you updates from the Gutter on all things $GANG $GANG.
Follow up @guttercattimes on X for more news on $GANG token and the Gutter City community!
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