On September 17, Eigenpie posted on social media that its IDO will be held on Magpie Launchpad via the Arbitrum network. Snapshots will be taken between September 18 and 20 to determine the IDO quota allocation for vlMGP holders, MGP, and vlMGP burners. The IDO will start at 21:00 on September 20 and end at 21:00 on September 24, Beijing time. The private placement round share allocation is as follows:
Eigenpie Points holders account for 70.59%
vlMGP holders: 20.59%
MGP/vlMGP burners: 8.82%
The private round will be completed within 24 hours with a FDV of $3 million. The public round will last for 72 hours with a FDV of $6 million, and the final price is determined by the total amount of funds committed in this round divided by the total number of tokens sold in this round. The total token share of IDO is 3,600,000 EGP, and the private round tokens will be locked for 6 months and then unlocked linearly over 2 years. The public round tokens will be 100% unlocked at the TGE.
