Abay GERD Token - Project Timeline

A comprehensive journey through the development and milestones of the GERD Token project

White Paper Development

Comprehensive white paper written and updated through multiple iterations.

Key sections include:

  • Vision and mission
  • Tokenomics (supply, allocation, vesting)
  • Airdrop and staking logic
  • Long-term sustainability plan
  • ETH migration readiness if needed
  • Open source and transparency commitment

Adjustments reflected real-time project decisions (e.g., updated vesting mechanics, and developer outreach).

GERD Token Smart Contract

Network: Binance Smart Chain (BSC)

Total Supply: 120,000,000,000 (120 billion)

Decimals: 2 (to support micro-distributions)

Key features:

  • transfer, transferFrom, approve, balanceOf (standard ERC-20 style)
  • No minting beyond total supply
  • Manually created and removed initial liquidity on PancakeSwap for testing

Vesting Smart Contract

Purpose: Lock and gradually release 115B tokens

Release Schedule: 1 billion GERD tokens per year (modified to weekly for testnet)

Final Distribution Logic:

500M GERD

to airdrop holders

250M GERD

to staking rewards

250M GERD

to liquidity or burned

Testnet Address: 0xC3C2b095C3aA55ACecc7fBA44C6B9D3f56dC43Da

  • Deployed immutably (no transferOwnership() in final version)
  • releaseToken() emits event & distributes to 3 wallets
  • Added getNextReleaseDate() to support UI
  • Release frequency changed to weekly (every Wednesday) for test runs

Frontend Web UI

  • Claim Page — secure, backend-verified token claiming
  • Dashboard — real-time vesting updates, countdown, release history, next eligible release date
  • Developer Landing Page — call to action for open-source contributions

Implemented:

  • Bootstrap 5 styling
  • Mobile-responsive designs
  • QR scanner (planned for mobile app)
  • Countdown timer to next vesting release

Backend Development

Moved sensitive logic (like claiming & releaseToken() calls) from client-side JS to secure backend (Python Flask on Render)

Now in two separate Render services:

  • Mainnet backend for claims
  • Testnet backend for vesting functions

Added:

  • CAPTCHA verification (Google reCAPTCHA)
  • IP throttling and session token validation
  • CORS control for security
  • Built can-release and release-token APIs

Fair Distribution Strategy

Token claim limits:

  • Initially 1,000 global / 7,500 Ethiopia → Later raised to 10,000 global / 75,000 Ethiopia
  • Retroactive airdrops to early claimants to ensure fairness

Claims validated via:

  • IP region checks
  • Firebase database
  • ReCaptcha validation
  • Tableau dashboard visualization

Mobile App Vision

  • Wallet app for Android/iOS (QR scanner, GERD token display, balance fetch)
  • Plans for: Direct claiming, sending, receiving, Built-in GERD transfer tools
  • Developer incentives offered (GERD tokens for tested contributions)

Governance & Transparency

  • 3-of-5 Gnosis Safe multisig deployed
  • Open source GitHub repository
  • Telegram, TikTok, and X (Twitter) communication
  • All token flows verifiable on chain
  • Community stakeholders, not paid influencers

Token Allocation

  • 5B tokens immediately available — used for global distribution, initial liquidity provision, early community rewards, and project development efforts
  • 115B tokens will be locked under vesting contract
  • No team or founder allocation hidden — all transparent on blockchain and website

Technical Highlights

JavaScript

  • Dynamic UTC countdown
  • API calls and DOM updates
  • Error handling

HTML

  • Clean Bootstrap layouts
  • Green accent branding

Python

  • Flask app with CORS
  • JWT/session tracking
  • Signed transaction functionality

DISCOVER ABAY GERD TOKEN, THE ETHIOPIAN-BORN CRYPTOCURRENCY EMPOWERING OUR COMMUNITY AND SUPPORTING THE GRAND ETHIOPIAN RENAISSANCE DAM PROJECT. JOIN US IN CREATING A BRIGHTER FUTURE! #ABAYGERDTOKEN #ETHIOPIA #CRYPTO #GERD

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