The ME Foundation announced the ME token economics, with a total supply of 1 billion tokens. The token distribution will be released within 4 years, of which more than half will be allocated to the community.
Among them, the initial TGE ME claim accounts for 12.5%, the community and ecology account for 37.7%, contributors account for 26.2%, and strategic participants account for 23.6%. ME will be distributed in 4 years, when all ME will be fully circulated, most of which will be allocated to the community.
To ensure that the community and the protocol are protected from security issues, the official will appoint a 5-member security committee to oversee a multi-signature wallet that is capable of performing emergency and non-emergency actions. This information will be outlined in the ME DAO charter after the TGE. The ME Foundation will serve as the manager of ME.
In addition, the ME TGE is coming soon, and the relevant information is as follows:
- There will be an airdrop qualification checker where users can check which wallets are eligible before the TGE. Users can also link their wallets at this time, similar to the TestME claim process. If the wallet has been linked during TestME, there is no need to relink.
- On and after the TGE, there will be a claiming period during which eligible users can claim and stake their ME tokens.
- The ME TGE will mark the start of a community-run initiative to accelerate the on-chain economy.