EigenPi Announces EGP IDO Priority Access

IconCryptoNewsTerminal Staff01 Sep, 2024

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EigenPi Announces EGP IDO Priority Access

EigenPi Announces EGP IDO (Priority Access) EigenPi, a leading liquid staking protocol, is excited to announce its upcoming EGP Priority Access IDO. The IDO will take place via X Launchpad, with a total of 3.4 million EGP tokens offered at a fixed price of $0.88. The fully diluted valuation (FDV) of the EGP token is $3 million. IDO Details Date: To be announced Platform: X Launchpad Token: EGP Price: $0.88 Total Supply: 3.4 million Eligibility for Priority Access The following groups will be eligible for Priority Access in the EGP IDO: EigenPi S1 point holders (70.59%) vlMGP holders (20.59%) MGP/vlMGP burners (8.82%) Token Distribution Half of the IDO proceeds will be allocated to early EGP liquidity and CEX market making. Another 30% will be used for development and operations, while the remaining funds will be directed towards marketing, business development, and audits. About EigenPi EigenPi is a platform that enables users to stake their Proof-of-Stake (PoS) assets on a non-custodial, decentralized network of validators. Its mission is to increase participation and enhance security in PoS networks by eliminating the technical and financial barriers to staking. For more information about EigenPi and the EGP IDO, please visit [Insert Website Link].