A Token Generation Event (TGE) is when a token is launched and its initial allocations distributed.

TGEs are an important part of the DeFi ecosystem, as they provide a way for new DeFi protocols and applications to raise funds and gain support from the community. During a TGE, the creators of the token will typically sell a portion of the total supply of the token to the public, often in exchange for other cryptocurrencies, such as Bitcoin or Ethereum. The funds raised from the TGE can then be used to develop and launch the DeFi protocol or application.

In the context of decentralized finance (DeFi), a TGE is a process by which a new DeFi token is created and distributed to the public.

TGEs are often accompanied by significant hype and excitement within the DeFi community, as they provide an opportunity for investors to get in on the ground floor of a new and potentially disruptive technology.

However, TGEs can also be risky, as the success of a DeFi protocol or application is not guaranteed and the value of the token may not increase as expected.

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