$GREMLIN launch

Earn your place in the cartel

A fixed 2,500 whitelist positions are split across staking, trading and gameplay. Your connected wallet is checked against the G-Shares snapshot, live M-Shares ledger and Gremlin XP record before any spot is reserved. Claiming closes once the allocations are complete, and anything left moves to the public sale.

G-Shares allocation

1,000 slots

$250k FDV250 leaderboard + 250 FCFS

$350k FDV250 leaderboard + 250 FCFS

The same top-250 wallets are reserved automatically at both FDVs. The other spots are first come, first served. This allocation opens once all 1,000 staking slots are filled and the G-Shares snapshot is locked.

M-Shares curve

1,000 slots

$350k FDV$550k FDV

The first spot needs 50,000 M Shares and every spot after it needs 5,000 more, so each claim advances both the FDV and the requirement. The server locks both values to the claimed position, so refreshing cannot move a user backward. M Shares are earned on swaps; perpetual volume is added once perps trading opens.

Gremlin XP allocation

500 slots

$350k FDV150 slots

$450k FDV150 slots

$550k FDV200 slots

Gremlin XP is the gameplay and product-participation score. It is separate from Lighter campaign points.

What happens to unclaimed spots?

Any position left after the G-Shares, M-Shares and Gremlin XP windows closes moves to the public sale. A wallet signature only reserves a spot. It does not approve tokens, transfer funds or execute a sale transaction.