The acronym TGE stands for Token Generation Event, which represents the moment when, for the first time, a token is generated on its blockchain and made available to the public.
Token launch through TGE helps blockchain businesses raise funds from the public through an ISPO, IDO, private, or public sales. Two primary goals of a token generation event include generating a token and launching it on crypto exchanges and websites to keep the investor communities updated about a new blockchain-based project. Early support of a cryptocurrency project demonstrates your confidence and understanding of its limitless potential, and early investors are rewarded through voting rights, airdrops, and access to restricted and discounted goods and services.
As we mention on our roadmap the PALM TGE will take place in Q3 2024 and we will have more information coming out during 2024 for exact dates and the process.
