ME Token Economics Announced: Total Supply 1 Billion, TGE Initial Claims 12.5%

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ODAILY
a day ago
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Odaily Planet Daily Report: The ME Foundation has announced the ME token economics, with a total supply of 1 billion tokens. The token distribution will be released within 4 years, with more than half allocated to the community. Specifically, the TGE initial ME claim accounts for 12.5%, the community and ecosystem accounts for 37.7%, the contributors account for 26.2%, and the strategic participants account for 23.6%. ME will be fully distributed within 4 years, with the majority allocated to the community. To ensure the safety of the community and the protocol, the official will appoint a 5-member security committee to oversee a multi-signature wallet that can execute emergency and non-emergency actions. This information will be outlined in the ME DAO charter after the TGE. The ME Foundation will serve as the manager of ME. In addition, the ME TGE is coming soon, and the relevant information is as follows: - There will be an airdrop eligibility checker, where users can check which wallets are eligible before the TGE. Users can also connect their wallets at this time, similar to the TestME claim process. If a wallet was connected during the TestME period, there is no need to reconnect. - On the TGE day and after, there will be a claim period, during which eligible users can claim and stake their ME tokens. - The ME TGE will mark the beginning of a community-operated initiative aimed at accelerating the on-chain economy.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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