Introducing the Phoenix Rising Plan

This Liquidity Generation Event (LGE), Meteora turns every stakeholder of our journey, liquid.

Meteora has been around for a while, and we owe it to many stakeholders (LP Army, Mercurial, Jupiter and more) for bringing Meteora to where it is today.

This LGE is the chance for the community to become liquid, and choose to be aligned with Meteora’s mission, journey, and team.

What this means:

• All allocated tokens will become liquid, without any vesting or inflation. MET will be an investible asset without constant unlocks.
• Meteora Team will not sell a single token during TGE, focusing on the objective of unlocking all stakeholders, and not capitalizing the team with funds.
• Only the Team will be locked up, aligning us with the long-term goal of the protocol.

Note: There is no Meteora Equity, there is only $MET.

With this in mind, we decided on the Phoenix Rising Plan, structured to turn everyone liquid and give MET and Meteora the community the best shot to build the future.

This LGE, we have one single goal:

Maximize the MET going to the hands of believers. This leads to high volume (fees) for our LP Army and Launch Pool, and lay the foundation for Meteora in the future.

The Phoenix Rising Plan is to give Meteora the best shot of the future.

“The Phoenix Rising plan marks Meteora’s ascent into a new chapter, with our most loyal believers, backers and the LP Army beside us, and to give Meteora the best shot of the future.”

Introducing, The Phoenix Rising Plan:

At TGE, we are doing a 100% unlock for every stakeholder:

• 20% of MET designated for Mercurial Stakeholders, as per the Meteora Plan, Split across 15% and 5% as per Zen’s Article
• 15% of MET designated for the users of Meteora, via the LP Stimulus Plan
• 3% of MET designated for Launchpads & Launchpool Ecosystem
• 2% of MET designated for Off-Chain Contributors, folks who contributed to the growth of Meteora
• 3% of MET designated for the Jupiter Stakers Stimulus Package, with the intention to 10x the core LP Army, coming from the TGE Reserve
• 3% of MET designated for Centralized Exchanges, Market-Makers and more, forming the remainder of the TGE Reserve.
• 2% of MET designated for the M3M3 Stakeholders Package.

With the remaining:

• 18% of MET designated for Team, vested linearly over 6 years.
• 34% of MET designated for the Meteora Reserve, vested linearly over 6 years.

With a total of 1 Billion Supply. We will unveil the exact CA and details in a follow-up Token Transparency Document.

Representing a total of 48% of circulating supply at TGE, which is higher than what most are used to. ($JUP — 13.5% and HYPE — 33.4%), this breaks apart the low-float/high-FDV we’ve seen repeatedly in crypto, and ensures that $MET is a token that can be held, without the constant overhang of unlocks.

Expected inflation will stem from team unlocks (team should remain locked and in it for the long-haul) and possible liquidity incentives from the Meteora Reserve.

Liquidity Distributor & Mechanisms.

The Liquidity Distributor is a new way to distribute Airdrops, in the form of a Liquidity Position instead of a regular claim-airdrop.

What this means: Airdrop recipients never need to sell, and instead earn trading fees while “selling” their airdrops over a large range of liquidity.

Liquidity Distributor uniquely leverages Meteora’s technology, and brings it to as many people as possible, bringing the magic of using Meteora to an extremely large user base.

Out of the 48% of circulating supply at TGE, 10% will be distributed via the Liquidity Distributor, based on users’ preference at TGE. A new and extremely cool way to TGE.

This allows Meteora to bootstrap liquidity for the $MET launch without the team supplying tokens, instead, the community provides liquidity while earning trading fees in the process.

Conclusion

Some of you may ask: Why $MET.

Because Crypto is a Revolution, and $MET is the beginning of our revolution. We will build a world where there are no gatekeepers, where opportunity is open and free for all to access, powered by Meteora.

We will rebuild Wall Street, but free and open for all to access, one that lives inside your pocket.

Wherever you go, you will have access to the world’s financial system. Wherever you are, you will have access to the same level of opportunity.

This is where side hustles become careers, where retail takes the throne, and where liquidity powers the new financial world.

The beginning of DeFi starts with Liquidity. The future of liquidity will run on Meteora.

The choice is yours:

Remain a spectator in someone else’s financial system, or become an architect of your own.

Let’s build it together.