Meteora published an explanation of the TGE mechanism, and the MET one-stop portal will be launched in a few days.

On October 15, the Solana ecosystem liquidity protocol Meteora announced its TGE mechanism. Of the allocated 48% token supply, 10% will be distributed through a liquidity allocator, allowing users to immediately provide liquidity for MET at the start of trading. The initial liquidity will be built by the community (rather than the team) for MET, thus unleashing the energy of Meteora's fee generation mechanism. The early liquidity pool will only contain MET tokens, and early buyers will contribute USDC to provide a redemption basis for sellers. This way, it ensures that MET has sufficient liquidity while quickly expanding the Liquidity Provider collective. Participants will receive a combined yield of USDC and MET, with the specific ratio depending on the market price of MET. For example, when the market capitalization reaches approximately $1.127 billion (price $1.127), about 4.5% of MET will be extracted from the fund pool. This means that if a user receives 100 MET in an airdrop, 45.0 MET will be sold for 33.77 USDC, at which point the fund pool will accumulate 33.7 million USDC. The official one-stop portal for MET, met.meteora.ag, will be launched in a few days. Users can join the liquidity allocation plan (which accounts for 10% of the total supply) on a first-come, first-served basis. All Jupiter stakers have been automatically included, so the participation quota for airdrop recipients is 7%. Users can register on this page to join the 7% quota, and successful registrants will directly obtain liquidity positions on the token generation day and earn fees from the moment trading with MET begins. There is no need for additional claiming procedures to start accumulating yields. On the token generation day, users can directly claim MET (or liquidity positions) through the Meteora app and can operate in any fund pool containing the MET contract address. This will achieve seamless claiming and instant deployment of MET liquidity.