What Is a Token Generation Event?
A Token Generation Event (TGE) is a fundraising event in which a blockchain-based project issues tokens to investors. These tokens are typically used as the native currency of the platform, and can be exchanged for other cryptocurrencies or fiat currencies. The TGE allows projects to raise funds from early adopters and supporters while also providing them with an incentive to use the platform’s services.
The process of launching a TGE involves creating smart contracts that define how many tokens will be issued, what their value is, and when they will become available on exchanges. Projects must also create marketing campaigns to attract potential buyers and ensure that all legal requirements are met before launching the token sale. After launch, it is important for projects to continue engaging with their community by providing updates about development progress and responding quickly to any questions or concerns raised by users.