TGE in crypto means “Token Generation Event”. TGEs are highly anticipated events in crypto when a project’s tokens become publicly available to users. In addition to the technical generation of tokens, TGEs help increase publicity and generate user engagement.
Another term for TGE is token launch event.
What Are Tokens?
Tokens are digital units of value that can represent an asset or utility, issued on a blockchain through smart contracts.
Smart contract networks like Mintlayer and Ethereum allow users to issue and hold tokens that can represent anything from voting rights or ownership to loyalty points or digital items. Tokens can be used to represent or access practically any financial instrument in existence.
Utility, Security, & Governance Tokens
Utility tokens, like ML, provide users with access to services. In the case of ML, the first uses will be to purchase services from RBB Lab related to development on Mintlayer.
During the first iteration of the mainnet, ML will be required for all transaction fees. Developers will be able to use ML to execute smart contracts. We will also use the ML token for our proof-of-stake-consensus mechanism.
Security tokens are tradable assets that represent an investment. They are subject to federal regulations and oversight by organizations such as the European Securities and Markets Authority and the SEC.
Governance tokens give the holder voting rights in the governing organization associated with a project. This allows users to collectively make decisions for the future of the project.
ICO vs. TGE
There are several mechanisms that projects will use to disburse tokens to the public. The result of token generation events, ICOs, and public sales are the same, but the details and circ*mstances are different.
Companies that offer security tokens will often style their offering as an “Initial Coin Offering” or ICO. Alternatively, companies that offer utility tokens usually do so through a token generation event or TGE.
The design and communication of crypto events like these are crucial to ensuring that users understand the utility and classification of their tokens.
How Are Tokens Generated?
In the future, we hope Mintlayer will be a popular network for tokenization, since it offers the DeFi capacity of Ethereum, but is rooted in the Bitcoin blockchain, which has a stronger network effect.
The Ethereum blockchain generates tokens using smart contracts written in Solidity. Known as the deployer contract, the total supply, token address, and token symbol are defined at this time. In Mintlayer the tokenization system will be embedded, making it much easier for tokens to be generated.
The relatively high liquidity, proven network, and abundance of infrastructure of Ethereum currently make it a popular choice for tokenization.
Users are in full control of their tokens after disbursem*nt. This allows users to trade, send, receive, or sell tokens at their discretion (subject to prior agreements, smart contract variables, and vesting schedules).
Token Generation Events
Token generation events have evolved from a necessary step in a project’s development into highly anticipated public events that attract thousands of potential followers.
Events where tokens become available for public sale will continue to pique the interest of crypto speculators and the public. They’re still an important milestone for core users that need access to tokens for their utility and the access they grant.
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FAQs
Token Generation Event (TGE) - an event when a crypto project issues its tokens and makes them publicly available for purchasing.
What is a TGE unlock? ›
The Token Generation Event (TGE) marks the beginning of token distribution and the establishment of the token unlock schedule, also known as the vesting schedule.
What is the difference between TGE and ICO? ›
TGE: Primarily focuses on creating and offering new tokens, often linked to a specific utility or function within a project. It's not usually considered a security offering, making it less regulated. ICO: Earlier, ICOs were the go-to method for crypto fundraising.
What is TGE investing? ›
A new model called a Token Generation Event (TGE) is a novel paradigm that focuses primarily on utility tokens. TGE is the period during which tokens are issued by a blockchain start-up and made available to the public (for instance, via initial coin offerings).
What is the full form of TGE? ›
A Token Generation Event (TGE) is a business and technical act of limited duration that involves the technical generation of the token in a blockchain-based network, and its launch to the market, normally in the form of a public sale, private sale, or initial coin offering (ICO).
What is TGE in text? ›
Misspelling of 'the' TGE is a slang term. It is one of the most commonly used acronyms in online chat and texting. TGE stands for Misspelling of 'the'.
What happens when new tokens are unlocked? ›
The recipients of the unlocked tokens largely determine the market's reaction. Venture capitalists receiving tokens often sell a portion to de-risk their investments, especially if they acquired the tokens at pre-sale prices. Market sentiment plays a crucial role during unlock periods.
Which crypto has the highest ICO? ›
The EOS ICO holds the record for the largest ICO ever and represented nearly a quarter of the entire ICO boom of the era in which it launched. Over 1 billion EOS tokens were sold, purchased using Ethereum's ether cryptocurrency (ETH), and distributed over 350 weekly periods, each lasting five days.
Why is ICO so popular? ›
Early investors in an ICO are usually motivated by the expectation that the tokens will gain value after the cryptocurrency launches. This is the primary benefit of an ICO: the potential for very high returns.
What does vesting mean in crypto? ›
Vesting refers to gradually releasing tokens to investors, team members, or other stakeholders over a predetermined schedule. The schedule could be time-based or milestone-based. Vesting ensures that parties have a long-term interest in the project, as they can't sell all their tokens immediately upon release.
Buffett Watch
| Symbol | Pct of portfolio |
|---|
| Apple Inc | AAPL | 39.5% |
| Atlanta Braves Holdings Inc Series C | BATRK | 0.0% |
| Bank of America Corp | BAC | 10.9% |
| BYD Co. Ltd | BYDDF | 0.7% |
46 more rowsHe is known for making long-term investments, holding onto companies for years or even decades, and avoiding frequent trading. This approach allows him to take advantage of the power of compound interest and gives the companies he invests in time to grow and generate substantial returns.
Do you get money from investing? ›
Some pay income in the form of interest or dividends, while others offer the potential for capital appreciation. Still, others offer tax advantages in addition to current income or capital gains. All of these factors together comprise the total return of an investment.
What does OMG stand for in slang? ›
What does oh my god mean? Oh my god is an exclamation variously expressing disbelief, frustration, excitement, or anger. Its abbreviation, OMG, is widely used in digital communication. Related words: omfg.
What is the full form of OMG in slang? ›
abbreviation. ˌō-ˌem-ˈjē variants or omg. oh my God. used (as in email or text messages) to indicate that something is considered surprising, shocking, thrilling, etc.
What does Ong stand for slang? ›
The term ONG is an abbreviation that stands for “on God.” The slang phrase on God is used to express honesty, strong belief, or strong emotions. ONG is used similarly to phrases such as I swear to God or as God is my witness. The term ONG is often used alongside a statement a person strongly believes to be true.
How much is AT&T unlock? ›
AT&T does not charge to unlock a phone from their service but they will NOT unlock it until your contract obligations for the phone have been met. How can I unlock an AT&T phone that hasn't been paid? One option is to contact AT&T directly and request an unlock. Another option is to use a third-party unlocking service.
What does a network unlock code do? ›
The Network Unlock Code (NUC), sometimes called a Network Unlock PIN (NUP) or Network Control Key (NCK), allows you to unlock a mobile phone from its original network. If you've not received a NUC you can request one.
What is network unlock and do I need it? ›
Unlocking a cell phone allows consumers to move their cell phone from one network to another compatible network. Some cell phones may contain software that prevents them from being used on different mobile networks even when those networks are technologically compatible.
What is the purpose of unlocking an iPhone? ›
Unlocking your iPhone means that you can use it with different carriers. To contact your carrier and unlock your iPhone, use these steps. You can find out if your iPhone is locked by going to Settings > General > About. If "No SIM restrictions" appears next to Carrier Lock, your iPhone is unlocked.
