Eigenpie Announces EGP Token Economics Model, 11% for Airdrop
Article is form Jinse
September 14, 2024
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Eigenpie, an Ethereum liquid staking protocol, has announced the token economics model for its EGP token. There will be a total supply of 10 million EGP, which can be locked in Eigenpie as vlEGP to participate in protocol governance.
Here is the specific allocation of EGP:
- 34%: Magpie Launchpad IDO (Private Round)
- 2%: Magpie Launchpad IDO (Public Round)
- 1%: Third-party Launchpad
- 2.77%: CEX Listing
- 15%: Magpie Treasury
- 15%: Community Incentives
- 11%: Airdrop
- 5%: Liquidity
- 5.34%: Strategic Investors
- 8.89%: Ecosystem
Previously, Eigenpie announced that it had secured strategic investments and completed a seed funding round. The specific amount raised has not been disclosed. Investors include Arbitrum Foundation, Robot Ventures, PancakeSwap, Relayer Capital, Bitget CEO Gracy Chen, Frax Finance founder Sam Kazemian, Zircuit co-founder Angel Xu, and GMX core contributor coinflipcanada.
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