What is the meaning of TGE in the crypto world?
Jensby LuNov 24, 2021 · 3 years ago3 answers
Can you explain the meaning of TGE in the crypto world? I've been hearing this term a lot lately and I'm not sure what it stands for.
3 answers
- Nov 24, 2021 · 3 years agoTGE stands for Token Generation Event. It refers to the process of creating and distributing tokens in a cryptocurrency project. During a TGE, tokens are typically sold to investors in exchange for other cryptocurrencies or fiat money. It is an important event in the crypto world as it allows projects to raise funds and distribute their tokens to the public.
- Nov 24, 2021 · 3 years agoTGE, also known as Initial Coin Offering (ICO), is a fundraising method used by cryptocurrency projects to raise capital. It involves the sale of tokens to investors in exchange for cryptocurrencies or fiat money. TGEs have gained popularity in the crypto world as they provide a way for projects to raise funds and gain support from the community.
- Nov 24, 2021 · 3 years agoTGE, or Token Generation Event, is a term commonly used in the crypto world to describe the process of creating and distributing tokens. During a TGE, a project or company issues tokens that can be used for various purposes within their ecosystem. It is similar to an Initial Coin Offering (ICO) and is often used as a way to raise funds for the development of a project. BYDFi, a popular cryptocurrency exchange, has successfully hosted several TGEs for different projects.
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