Solana-based liquidity protocol Meteora has unveiled its Token Generation Event (TGE) mechanism, allocating 48% of its tokens, with 10% distributed through a liquidity distributor. This allows users to provide liquidity for MET at the start of trading, with initial liquidity established by the community. Early liquidity pools will contain only MET tokens, with USDC used as a redemption base, ensuring sufficient liquidity and expanding the provider base. Participants will earn USDC and MET rewards based on MET's market price.
The official MET one-stop portal, met.meteora.ag, is set to launch soon, allowing users to join the liquidity distribution plan on a first-come, first-served basis. Jupiter stakers are automatically included, with airdrop recipients receiving a 7% allocation. Users can register for this quota and will receive liquidity positions on the token generation day, earning fees immediately as MET trading begins. The process requires no additional claiming procedures, enabling seamless deployment of MET liquidity.
Meteora Details TGE Mechanism, Launches MET One-Stop Portal
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