TechFlow News, Eigenpie has announced that the airdrop distribution details and IDO allocation for its governance token $EGP are now available on its dApp. Season 1 Eigenpie Points holders can now check their $EGP airdrop amounts and IDO allocations.
The $EGP IDO will begin on September 20, 2024, at 21:00 (Beijing time) via the Magpie Launchpad on the Arbitrum network, lasting four days until September 24 at 21:00.
The IDO consists of two rounds—private and public. The private round has a fully diluted valuation (FDV) of $3 million and lasts 24 hours; the public round starts at an FDV of $6 million and lasts 72 hours. The EGP token price is $0.30 in the private round and starts at $0.60 in the public round. A total of 3.6 million EGP tokens, representing 36% of the total supply, will be allocated.
The private round allocation is distributed among Eigenpie Points holders, vlMGP holders, and MGP/vlMGP burners at proportions of 70.59%, 20.59%, and 8.82%, respectively.
EGP token trading is expected to commence around 18:00 (Beijing time) on September 25, 2024.
