TGE (Token Generation Event) is the moment when a blockchain project creates its tokens for the first time and makes them available to participants. In meaning, TGE is close to an ICO (initial coin offering) and is often used as its synonym, while the event itself is compared to an initial public offering of shares on the classic stock market. The main goal is to raise funds for the implementation of a project, most often related to information technology and blockchain.

The term TGE became popular partly because it emphasizes the technical aspect — specifically the creation and issuance of tokens — and helps to delineate legal nuances compared with the concept of an ICO. Within a TGE, investors receive tokens that may grant access to platform features, voting rights in the project's governance, or other utility described in the documentation.

What participants pay attention to

• The purpose of the token and its role in the project's ecosystem;
• The transparency of the team and the thoroughness of the roadmap;
• The distribution terms and the total emission volume;
• Legal and regulatory risks.

Before participating in a TGE, it is important to carefully study the project's documentation and to remember that any investment in early cryptocurrency initiatives carries a high level of risk. See also: ICO.