fey
@feyprotocol
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What is a Token Generation Ceremony?
Token Generation Ceremonies (TGCs) are rolling out soon for Fey and @virtualsprotocol.eth coming shortly after.
But what is a TGC… and why should projects launch with one?
Let’s break it down
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You can launch AppCoins on Fey or @clanker with a Token Generation Ceremony
Your coin launches at ~$250K marketcap with a 30 ETH raise (presale, you can whitelist it or public)
8 ETH (~25K) of liquidity from the raise is put aside for the dev to fund the project
It's a degen version of metadao, specifically for vibe...
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Fey Friday this week includes updates to TGCs, and the user experience
TGCs allow for "Permissionless MetaDAO" launches for developers and deployers and we're making it easier for deployers to utilize this
Here's all the updates
✳️🧵
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Fey Friday after a big week
We've had two things happen this past week:
1) Our first TGC with @liqfid went live
2) @feygroundpad has shipped major core features for their app
Let's break it down!
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Mission Accomplished: A breakdown of the first TGC on Fey
Read below
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the feythful will be rewarded
more TGCs to come
✳️
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Liqfid kicked off TGCs on @feyprotocol, completing their community raise in just a minute
The launch was curated to 1665 wallets, all of which passed several sybil checks to ensure real community was accessing the sale
Tomorrow their token goes live on @clanker - good luck!
What a wild ride. Thanks to our early supporters, and congratulations to everyone who got in - during these late hours, we sold out in just one minute.
With fresh energy, we kick off our TGE tomorrow at 9:30 AM UTC.
Liquidity will be seeded on @clanker with a reduced 1 ETH team buy, bringing down total team allocati
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Token Generation Ceremonies are now live - @liqfid kicks off the first one very soon
What are TGCs?
TGCs are permissionless markets - it’s a way to get validation and liquidity for your appcoin, idea or memecoin and ensure that your core community gets to get into the token on the ground floor
Remember: TGCs are perm...
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Liqfid's Ceremony and TGCs going live in a few hours (small delay)
In the mean time, here's a preview on how you can create TGCs + join ceremonies
There will be a 30 minute headsup before TGCs go live
✳️
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Whitelist update from Discord
TGCs begin January 12 1pm UTC with @liqfid
Last chance to get in: have 8m xFEY staked for fridays random snapshot
and don't try to sybil! we will find you 🕵️
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A few updates
Permissionless TGCs will launch January 12, kicking off with @liqfid at 1pm UTC
If any Fey staker was improperly labelled as a Sybil, open up a ticket in our Discord and we will sort it out for you before the launch - you have our word
As a thank you for everyone's patience, we will be conducting o...
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📸 The Rolling Snapshot
To prevent gaming the system, the @liqfid TGC will employ a rolling snapshot between now and the ceremony
In a Rolling Snapshot system, multiple snapshots of staked wallets will be taken randomly over the coming days
Any of these snapshots will be used as the final whitelist
To keep access t...
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