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Eigenpie (EGP), a liquid restaking protocol, is scheduled to debut on major exchanges tomorrow (September 25).
According to official posts of the project on X (formerly Twitter), the EGP token will be listed on popular centralized exchanges (CEXs) including Bybit, Bitget, Gate.io, MEXC, HTC, and KuCoin.
However, Binance has not yet added the token to its listings.
In just under 4 hours, the Public Sale for our $EGP token IDO will kick off on the @magpiexyz_io Launchpad.⏰
Are you prepared? Users can deposit $USDT via @arbitrum for a chance to claim a portion of the available EGP tokens.☑️
Join the IDO here:⬇️https://t.co/P3c4Vh8ktE pic.twitter.com/FHwylNHLNw
— Eigenpie (@Eigenpiexyz_io) September 21, 2024
Why is the Crypto Community Buzzing About Eigenpie?
Eigenpie, developed by Magpie, is a liquid restaking protocol, built on the famous EigenLayer protocol, which is also preparing for exchange listings.
Currently, Eigenpie’s Initial DEX Offering (IDO) is underway on Magpie, which began on September 20. This public token sale aims to raise funds for the project, with private sale tokens priced at $0.30 and public sale tokens at $0.60.
During the IDO, 3.6 million EGP tokens are up for sale, out of a total supply of 10 million.
However, it’s important to carefully review the terms and conditions. For example, on the HTX exchange, withdrawals of EGP will only be available starting September 28.
EGP’s IFO on PancakeSwap’s Arbitrum Pool
In addition to centralized exchanges, the Eigenpie will also be listed on PancakeSwap, one of the largest decentralized exchanges (DEXs). Here, the event is referred to as an Initial Farm Offering (IFO), which operates similarly to an IDO but for the decentralized finance (DeFi) space.
The IFO is taking place in PancakeSwap’s Arbitrum pool, with the token currently priced at $0.60.
