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Meteora Announces MET Tokenomics: 48% of the Supply Will Be Circulating at TGE

3 hours ago

On October 8th, according to official channels, the liquidity protocol Meteora within Solana's ecosystem has announced its MET tokenomics. At the time of the token generation event (TGE), 48% of the total supply will be in circulation. According to the Meteora plan, 20% of the tokens are allocated to Mercurial stakers, 15% to Meteora users (through the LP incentive program), 3% to Launchpads and the Launchpool ecosystem, 2% to off-chain contributors, 3% to the Jupiter staking incentive program, 3% to centralized exchanges, market makers, etc., and 2% to M3M3 stakers. In the remaining allocation, 18% goes to the team with a linear vesting period of 6 years, and 34% to the Meteora Reserve, which also has a 6-year linear vesting schedule. Meteora has introduced the Liquidity Distributor, which distributes airdrops in the form of liquidity positions instead of traditional direct airdrop claims. Users can receive trading fee rewards without having to sell the tokens by participating in the widespread "selling" of the airdrop's liquidity. Out of the 48% circulating supply at TGE, 10% will be distributed through the Liquidity Distributor, and users can choose to participate at TGE. This mechanism helps Meteora initiate MET liquidity without the team providing tokens in advance, while the community provides liquidity and earns trading fee rewards.
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