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

On October 15th, in Meteora, the liquidity protocol of Solana's ecosystem released an announcement clarifying its TGE mechanism. Out of the allocated 48% token supply, 10% will be distributed through a liquidity distributor, enabling users to provide liquidity for MET immediately upon the start of trading. The initial liquidity for MET will be established by the community instead of the team, unlocking the power of Meteora's fee generation mechanism. The early liquidity pool will only consist of the MET token. Early buyers will deposit USDC to provide liquidity on the selling side. By this method, it ensures that MET has sufficient liquidity while rapidly expanding the liquidity provider pool. Participants will receive a combination of USDC and MET rewards, with the specific ratio depending on MET's market price. For instance, when the market capitalization reaches around $1.127 billion (unit price $1.127), approximately 4.5% of MET will be drawn from the pool. This means that if a user receives a 100 MET airdrop, 45.0 MET will be sold for 33.77 USDC, accumulating 33.7 million USDC in the pool at that time. The official one-stop portal for MET, met.meteora.ag, will become live in a few days. Users can participate in the liquidity distribution plan (10% of the total supply) on a first-come, first-served basis. All Jupiter staking users will be automatically included. Therefore, the participation quota for airdrop recipients is 7%. Users can register on this page to join the 7% quota. Successful registrants will directly receive a liquidity position on the token generation day and start earning fees from MET trading. There is no need to claim additional fees to begin accumulating rewards. On the token generation day, users can directly claim MET (or the liquidity position) through the Meteora app and operate in any pool containing the MET contract address, achieving seamless claiming and immediate deployment of MET liquidity.