Token Generation Event on Ethereum

A Token Generation Event (TGE) is a process that blockchain projects use to issue digital tokens to users, often utility tokens linked to a specific product or service. TGE differs from an ICO (Initial Coin Offering), although both aim to release digital assets, TGE typically focuses on providing access to the ecosystem and features of the project rather than just raising funds. The main purposes of TGE include encouraging participation, increasing liquidity for the tokens, and attracting new users [].

When a project conducts a TGE, they often create tokens on their own blockchain and distribute them to eligible users. These tokens can be used in decentralized applications (DApps), serving various purposes such as governance, payments, and staking, thereby increasing value for investors. TGE also marks an important milestone in the project's roadmap, helping to enhance its presence and growth potential within the cryptocurrency community.