🚀 GASOK Phase 1 Update!
We received nearly 400 incredible applications in May. Your ideas were so brilliant and innovative that filtering them by pitch decks alone was simply impossible.
So, we made a bold decision: All applied teams are moving straight to the MVP Build Phase! True to the Web3 ethos, we want you to prove your vision with actual code and products, not just slides. 💻
Given the decision above...
📢 Accepting Additional Applicants!
Missed the May deadline? You can still join us. Build freely on the GIWA testnet and compete for the upgraded rewards in the Production Stage!
📅 Deadline: July 31
🔗 Submit MVP & Updated Deck - Stay tuned for application form link!
#GIWA #GASOK #Web3 #Builders #Blockchain #Upbit
🚀 The complete testnet version of Gasok Launchpad is now LIVE and running smoothly!
Create your own tokens.
Trade memes.
All on GIWA testnet
📷https://t.co/h5jmYZupmK
Already testing it out? Drop a comment below and let us know what you think 📷 👇
GIWA Chain – Quick Overview
What is GIWA?
GIWA (Global Infrastructure for Web3 Access) is an Ethereum Layer 2 blockchain built on the OP Stack (Optimism) by Dunamu, the parent company of Upbit — South Korea’s largest cryptocurrency exchange.
It aims for 1-second block times, very low fees, and full EVM compatibility.
Key Highlights:
• Raised ~$1.22B through its parent company (Dunamu valuation ~$10B).
• Samsung acquired 4% of Dunamu for $400M.
• Currently in public testnet (Giwa Sepolia) with 120M+ transactions and 30M+ addresses.
• Private Mainnet expected in August–September 2026.
Robinhood Chain Similarity (Very High):
Like Robinhood Chain (which launched mainnet in early July 2026), GIWA follows the CEX → Own L2 strategy:
• Coinbase → Base
• Binance → BNB Chain / opBNB
• OKX → OKX Chain
• Robinhood → Robinhood Chain (Arbitrum Orbit)
• Upbit → GIWA (OP Stack)
Both are built to bring millions of retail users from a big centralized exchange directly on-chain with tokenized assets, fast & cheap transactions, and DeFi/RWA features.Current Testnet Status & How to Participate:
• Explorer: https://t.co/RPwcdvIeJ6
• Bridge: https://t.co/b8kSvjyAEP or https://t.co/OuL1F3ydxw
• Faucets: https://t.co/ERunVIrjwG or https://t.co/MWDXJwxF89
• Main activities: Bridge assets, claim test tokens, create Upbit Web3 Name (.up.id), mint Dojang verification, deploy smart contracts / tokens / NFTs, apply for builder program (GASOK – deadline July 31).
Popular Tokens / Projects on Testnet (by holders):
• creatorx .me
• Zeoul X Giwa
• GMCards (GM)
• Insiders (INDSR)
• GiwGiwa (GIW) – NFT
• Punks Not Dead (PUNK)
Narrative & Potential: Strong “Korea’s Robinhood Chain” narrative. Upbit has 13M+ users and is known for pumping listed tokens. Early positioning via testnet activity + builder program could be valuable if an airdrop or token launch happens post-mainnet.
Risk Note:
Still in testnet. No official token or airdrop confirmed. Everything is for testing purposes.
More official info: https://t.co/MuuxTsER0i
@GIWA_by_Upbit
🚀 GASOK MVP Build Phase Applications are Officially OPEN!
Welcome to the 'Open MVP Build Phase' where your code speaks for your vision.
⚠️ IMPORTANT: ALL teams, including those who applied back in May, MUST submit their final MVP deliverables through the NEW link below. 👇
🛠️ Required Submission Materials:
- Product Pitch Deck
- Demo Video and/or Demo Website
- Verified Smart Contract Address
- Technical Design Docs / One-pager
Build freely on the GIWA Public Testnet and compete to be the one heading to the Production Stage!
📅 Submission Period: Today ~ July 31
🔗 Apply & Submit Here: https://t.co/hfbQ1FlJpo
#GASOK #Web3 #Builders #Blockchain #Upbit