Eigenpie: IDO on September 20th, Snapshot from September 18th to 20th
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September 18, 2024
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Eigenpie IDO Announcement
Mars Finance News: Eigenpie has announced on social media that its IDO will be held on Magpie Launchpad via the Arbitrum network.
Snapshot: The snapshot will be taken between September 18th and 20th to determine the IDO allocation for vlMGP holders, MGP and vlMGP burners.
IDO Timeline: The IDO will begin at 9pm Beijing time on September 20th and end at 9pm Beijing time on September 24th.
Private Round Allocation:
- Eigenpie Points holders: 70.59%
- vlMGP holders: 20.59%
- MGP/vlMGP burners: 8.82%
Private Round Details:
- The private round will be completed within 24 hours.
- The FDV is $3 million.
Public Round Details:
- The public round will last 72 hours.
- The FDV is $6 million.
- The final price will be determined by dividing the total committed funds of the round by the total number of tokens sold.
Token Distribution:
- Total token supply for the IDO: 3,600,000 EGP
- Private round tokens will be locked for 6 months and then linearly unlocked over 2 years.
- Public round tokens will be 100% unlocked at TGE.
Source
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