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Skip to main content * GETH * a token by Ethereum Foundation Languages EN HELP TRANSLATE THIS PAGE You’re viewing this page in English because we haven’t translated it yet. Help us translate this content. Translate page NO BUGS HERE! This page is not being translated. We've intentionally left this page in English for now. Don't show again JOIN THE MOVEMENT ETH GAS FEES, REDISTRIBUTED. With the launch of ETH2.0 we are rewarding Ethereum users for all the gas fees they've spent. Introducing $gETH a token distributed linear to your gas fee spendage. 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 claim your gETH tokens you first have to calculate your gas fees. WHAT IS GETH? gETH also known as gasETH is a token by the Ethereum's core team to reward those who spent a lot on gas fee on the Mainnet of Ethereum. Ethereum is transitioning into a new phase for it's blockchain where gas fees spent are minimized, we want those who used the network intensively to be rewarded. gasETH will be used as a gas token once the ETH2.0 Sharding update goes live, and is actively developed upon by the Ethereum team. WHY THE GETH TOKEN? Gas fees have been a breaking point for the Ethereum network since it's inception, transactions were slow and expensive. The Ethereum Foundation has found a solution, a token that rewards you for having participated in ETH 1.0. Ethereum currently processes 1 million transactions per day and generates large sums of ETH for it's stakers (before miners), but going into the launch of ETH2.0 gas fees will come down dramatically. gETH will be the main currency for paying gas fees. ARCHITECTURE OF GETH 100% of the gETH tokens will be redistributed among gas fee spenders. So you will be rewarded proportionally to how much you've spent on gas fees. The token is a simple token and is launched by the Ethereum Foundation, a foundation funded by Ethereum since it's inception. Website last updated: January 16, 2024 (opens in a new tab) (opens in a new tab) (opens in a new tab) USE ETHEREUM * Find wallet * Get ETH * Decentralized applications (dapps) * Layer 2 * Run a node * Stablecoins * Stake ETH LEARN * Learn Hub * What is Ethereum? * What is ether (ETH)? * Ethereum wallets * Gas fees * Ethereum security and scam prevention * What is Web3? * Smart contracts * Ethereum energy consumption * Ethereum roadmap * Ethereum Improvement Proposals * History of Ethereum * Ethereum Whitepaper * Ethereum glossary * Ethereum governance * Blockchain bridges * Zero-knowledge proofs * Quiz Hub DEVELOPERS * Get started * Documentation * Tutorials * Learn by coding * Set up local environment ECOSYSTEM * Community hub * Ethereum Foundation * Ethereum Foundation Blog(opens in a new tab) * Ecosystem Support Program(opens in a new tab) * Ethereum bug bounty program * Ecosystem Grant Programs * Ethereum brand assets * Devcon(opens in a new tab) ENTERPRISE * Mainnet Ethereum * Private Ethereum * Enterprise ABOUT ETHEREUM.ORG * About us * Jobs * Contributing * Language support * Privacy policy * Terms of use * Cookie policy * Contact(opens in a new tab)