Meteora to Reveal MET Token TGE Details in Community Meeting

According to Meteora, the Solana-based liquidity protocol will hold a joint session with Jupiter on October 22 to outline details of its upcoming MET Token Generation Event and Liquidity Generation Event.

SOL
JUP

Summary

Meteora, a Solana-based liquidity protocol, announced it will conduct a pre-TGE live Q&A with Jupiter on October 22 at 23:30 (UTC+8) to discuss the MET token’s Liquidity Generation Event. The Token Generation Event will occur on October 23, during which 10% of MET tokens will be distributed through liquidity allocators to support immediate liquidity at launch. Additionally, airdrop participants can participate in the liquidity distributor NFT program, which allocates 7% of the token supply on a first-come, first-served basis. This is an official announcement by Meteora.

Terms & Concepts
  • TGE (Token Generation Event): The initial event when a cryptocurrency’s tokens are created and distributed to investors or the public.
  • LGE (Liquidity Generation Event): A process that allows participants to contribute liquidity to a protocol before the token’s official launch.
  • Liquidity Allocator: A mechanism or participant that provides liquidity to decentralized exchanges or pools during or immediately after a token launch.