Meteora announced the MET Token economic model, with 48% circulating at TGE.
According to news from Hash World, Meteora pointed out in its economic model that 48% of the total supply of MET tokens will be in circulation at TGE (Token Generation Event) without vesting or inflation, and all distributed tokens will have liquidity. The Meteora team promises not to sell any tokens during TGE, only the team tokens will be locked. At TGE, all stakeholders will be 100% unlocked, with Mercurial accounting for 20%; the LP incentive program will allocate 15% to Meteora users; 3% will be allocated to the Launchpads and Launchpool ecosystem; 2% will go to off-chain contributors; and 3% will be allocated to Jupiter stakers as an incentive program, aiming to expand the core LP from TGE reserves tenfold. 3% of MET funds will be used for decentralized exchanges, market makers, etc., constituting the remaining part of the TGE reserves; 2% MET is allocated for the M3M3 stakeholder package. In the remaining distribution, the team accounts for 18%, with a 6-year linear vesting; Meteora reserves account for 34%, also with a 6-year linear vesting. The expected circulation will come from the team's unlocking and the potential liquidity incentives from Meteora reserves. 10% of the circulation at TGE will be distributed according to user preferences through a liquidity distributor, with the community providing liquidity and earning trading fees. In addition, Meteora announced that the MET token is scheduled for TGE on October 23.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Meteora announced the MET Token economic model, with 48% circulating at TGE.
According to news from Hash World, Meteora pointed out in its economic model that 48% of the total supply of MET tokens will be in circulation at TGE (Token Generation Event) without vesting or inflation, and all distributed tokens will have liquidity. The Meteora team promises not to sell any tokens during TGE, only the team tokens will be locked. At TGE, all stakeholders will be 100% unlocked, with Mercurial accounting for 20%; the LP incentive program will allocate 15% to Meteora users; 3% will be allocated to the Launchpads and Launchpool ecosystem; 2% will go to off-chain contributors; and 3% will be allocated to Jupiter stakers as an incentive program, aiming to expand the core LP from TGE reserves tenfold. 3% of MET funds will be used for decentralized exchanges, market makers, etc., constituting the remaining part of the TGE reserves; 2% MET is allocated for the M3M3 stakeholder package. In the remaining distribution, the team accounts for 18%, with a 6-year linear vesting; Meteora reserves account for 34%, also with a 6-year linear vesting. The expected circulation will come from the team's unlocking and the potential liquidity incentives from Meteora reserves. 10% of the circulation at TGE will be distributed according to user preferences through a liquidity distributor, with the community providing liquidity and earning trading fees. In addition, Meteora announced that the MET token is scheduled for TGE on October 23.
$MET #Cryptocurrency Blockchain #Meteora TokenEconomy #DeFi