On September 17th, Eigenpie announced on social media that their IDO would be held on the Magpie Launchpad via the Arbitrum network. The snapshot for determining IDO allocation for vlMGP holders, MGP and vlMGP burners will take place between September 18th and 20th. The IDO will begin at 9pm Beijing Time on September 20th and end at 9pm Beijing Time on September 24th.

The private round allocation is as follows:

• Eigenpie Points holders: 70.59%
• vlMGP holders: 20.59%
• MGP/vlMGP burners: 8.82%

The private round will be completed within 24 hours with an FDV of $3 million. The public round will last 72 hours with an FDV of $6 million. The final price will be determined by dividing the total committed funds by the total tokens sold in this round.

The total token allocation for the IDO is 3,600,000 EGP. Tokens from the private round will be locked for 6 months and then linearly unlocked over 2 years. Tokens from the public round will be unlocked 100% at TGE.