Meteora announces MET tokenomics, with the portion allocated to the community to be 100% unlocked at TGE

Foresight News reported that Solana liquidity management platform Meteora has announced the MET tokenomics. The TGE will take place on October 23, at which time 100% of tokens will be unlocked for stakeholders. According to Meteora's plan: 20% of MET is allocated to Mercurial stakeholders; 15% of MET will be distributed to Meteora users through the LP incentive program; 2% of MET is allocated to off-chain contributors, i.e., those who have contributed to Meteora's development; 3% of MET is allocated to the Jupiter staking incentive program; 3% of MET is allocated to centralized exchanges, market makers, etc.; 2% of MET is allocated to M3M3 stakeholders. In addition, 18% of MET is allocated to the team, with linear vesting over 6 years. 34% of MET is allocated to Meteora reserves, also with linear vesting over 6 years.