Odaily Planet Daily reported that Immutable announced on X that the END token TGE has officially launched. Token claims are now open, and users who were included in the snapshot can now claim their tokens. The first season of rewards will be airdropped before trading goes live, and the token swap and trading function is scheduled to begin on July 7, with a 48-hour advance notice.
According to the previously released tokenomics, the total supply of END tokens is 500 million, with an initial circulating supply of 155,500,000 tokens (31.1%). The majority of the token supply is allocated for community rewards. Additionally, 20% is allocated to the team, 10% to the ecosystem fund, 17.5% for airdrops, and 32.45% to the community.