EthereumPoW (ETHW)
Unlock Schedule
EthereumPoW (ETHW) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the EthereumPoW (ETHW) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence ETHW price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply, issuance, and block rewards
ETHW has an uncapped supply. Like pre‑Merge Ethereum, issuance comes from block rewards to miners and transaction fees (tips). Mining pools and network data sources report a base block subsidy of 2 ETHW per block, with additional miner income from tips and any protocol‑directed base‑fee redirection. This setup makes ETHW’s monetary policy closer to historical Ethereum PoW than to post‑Merge Ethereum, which burns base fees and issues staking rewards. (okx.com)
Initial distribution
At the fork, addresses that held ETH on the canonical chain received an equal amount of ETHW on the PoW chain at the snapshot block. All ERC‑20 tokens and contracts were copied at the state level, though off‑chain issuers or oracles may not recognize or support their forked versions. This state copy made ETHW immediately familiar to developers but also introduced complexity for assets reliant on external backing or data feeds. (airdropbob.com)
What ETHW is used for
- Paying gas for on‑chain transactions and smart contract execution
- Compensating miners for securing the chain
- Serving as the base asset in dapps, DEXs, or NFTs that deploy on ETHW
- Transacting within apps that choose to operate on the PoW network
Because ETHW is EVM‑compatible, builders can port many styles of applications: DeFi trading, NFT minting, gaming assets, or basic token transfers. The actual mix of active apps depends on infrastructure support and user adoption at any time. (medium.com)
Assumptions
- ETHW supply is uncapped; total_supply set to null.
ETHW continues Ethereum’s PoW-style perpetual issuance with no maximum cap and no announced halving schedule.
- Genesis airdrop mirrored ETH balances 1:1 at the Merge snapshot with no premine.
ETHW core communications and exchange airdrop policies reference a 1:1 fork distribution and no premine.
- PoW block rewards modeled strictly at 2 ETHW per canonical block.
Ethereum’s base PoW reward had been 2 ETH since EIP-1234; ETHW documentation and mining pool stats show 2 ETHW per block continuing post-fork.
- Uncle/ommer issuance estimated at ~0.08 ETHW per block on average.
ETH pre-Merge issuance guidance cites ~0.08 ETH per 13.3s from ommers; ETHW rules are inherited, but chain-specific uncle rates are not comprehensively published. Applied as a conservative estimate over the ETHW block count.
- Fee mechanics change (EIP-1559 base fee redirected to multisig) is NOT modeled as issuance.
This change alters fee destinations versus burn but does not mint new ETHW; only new-minting mechanisms (block and uncle rewards) are included.
- 1. https://support.bitfinex.com/hc/en-us/articles/10925923385113-ETH-Merge-and-Airdrop-on-Bitfinex
- 2. https://ethereum.org/roadmap/merge/issuance/
- 3. https://medium.com/@ETHW/ethw-core-has-just-released-its-initial-version-35cb33d03738
- 4. https://old.hashrate.no/coins/ETHW
- 5. https://2miners.com/ethw-mining-pool
- 6. https://blockexplorers.nownodes.io/ethereum-pow
- 7. https://www.oklink.com/ethw
- 8. https://hashrateindex.com/blog/what-will-ethereum-miners-do-after-the-merge-to-ethereum-2-0/
- 9. https://www.chaincatcher.com/en/article/2165802
Allocations
Description
#679
This page refers to the Ethereum Proof of Work (ETHW or ETHPOW) which tracks the spot and derivative prices of IOU markets across a growing number of exchange as the chain forks away from the original Ethereum chain that has migrated to proof of stake.
| Sector: | Layer 1 |
| Blockchain: | Other L1 |