Eigenpie: IDO will be held on September 20th, and snapshots will be taken between September 18th and 20th

BlockBeats news, on September 17, Eigenpie posted on social media that its IDO will be held on Magpie Launchpad through the Arbitrum network. Snapshots will be taken between September 18 and 20 to determine the IDO quota allocation for vlMGP holders, MGP, and vlMGP burners. The IDO will start at 21:00 on September 20, Beijing time, and end at 21:00 on September 24. The private placement round share distribution is as follows:

· Eigenpie Points holders are 70.59%

· vlMGP holders are 20.59%

· MGP / vlMGP burners are 8.82%

The private placement round will be completed within 24 hours, with a FDV of US$3 million. The public round will last 72 hours, with a FDV of $6 million, and the final price is determined by the total amount of funds committed in this round divided by the total number of tokens sold in this round. The total token share of IDO is 3,600,000 EGP, and the private round tokens will be locked for 6 months and then unlocked linearly over 2 years. The public round tokens will be 100% unlocked at the TGE.