🌊Liquidity Generation Event (LGE)
The $PINTLE token will be launching on the Mantle network via a Liquidity Generation Event. It will be the first step for users to enjoy the benefits of the Pinjam ecosystem upon the token upon launch on Mantle.
When users participate in the LGE, they will be allocated their proportional amount of PINTLE tokens based on the amount of their deposits in the LGE -- all of which are claimable when the LGE ends.
This total PINTLE supply allocated to the LGE is 15%.
The breakdown of LGE token distribution will be as below:
5% of tokens go to initial liquidity
10% of tokens go to participants for LGE
50% of the LGE participant reward tokens will be unlocked instantly. The other 50% will be vested linearly over a year.
Benefits of participating in the LGE
Earn an additional 20% in PINTLE supply.
- If you participated with 100 MNT, you'll receive 120 KAVA worth of PINTLE tokens at launch.
If your community is partnered with Pinjam, you gain an additional 11% bonus when participating in the LGE.
- If you participated with 100 MNT, on top of the 20% bonus above, you gain an additional 11% bonus totaling to 131 MNT worth of PINTLE tokens at launch.
Participating in the LGE will entitle users a share of 5% from the total supply of our $PINDEX token in a future airdrop- learn more in our multi-chain expansion strategy.
The breakdown of the fund distribution will be as such:
85% of funds go to the initial liquidity of PINTLE-MNT pool
The remaining 15% will be allocated to ecosystem funds & partners, which is broken down as:
40% will be used to bribe the PINTLE-MNT pool to incentivize liquidity
20% will be used to purchase [redacted token], locked as [locked redacted token], and used to vote for our PINTLE-MNT LP pool
40% will be used for expansion, and runway for the team
The LP tokens received by the LGE contract will then be transferred to our Protocol-Owned Liquidity contract, which will then be managed as described in that section.
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