The primary token of Gnoland is the $GNOT (Gno token), often used with the ugnot unit on-chain. The token first use case will be to pay the transaction fees and reward validators.
As Gnoland is still in testnet, the token is not live yet, but there is already some token distribution inside the genesis of the new test2 testnet. Token distribution is still in progress and might be subject to changes until mainnet launch.
Another token, called $GNOSH (Gno shares), will be used to reward the contributors with a mechanism called Proof of Contribution that is still being defined. $GNOSH will be earned through bounties and distributed to contributors. The transaction fees will be distributed between the validators and $GNOSH holders. The more $GNOSH you earn, the bigger your proportion is inside the contributor pool. While the contributors won't lose $GNOSH, they will be diluted every time new $GNOSH is distributed.
