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 holders250M GERD
to staking rewards250M GERD
to liquidity or burnedTestnet 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
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