Eigenpie Announces Priority Access Program For EGP Token IDO
According to Foresight News, liquidity re-staking platform Eigenpie has announced the launch of its Priority Access Program for the EGP token Initial DEX Offering (IDO). Participants in the program will have the opportunity to receive allocations for the IDO, which will be held on the Magpie Launchpad. The total allocation for the IDO is 3.4 million tokens, with a fully diluted valuation (FDV) of $3 million.
Eigenpie has detailed the distribution of the IDO allocations. Holders of Eigenpie's first-season points will receive 70.59% of the allocation. Holders of vlMGP tokens will receive 20.59%, and those who burn MGP and vlMGP tokens will receive 8.82%. The proceeds from the IDO will be allocated as follows: 50% will be used for initial EGP liquidity and centralized exchange (CEX) market making, 30% for development and operations, 10% for marketing and business development, and 10% for auditing.