# PALM TGE - Token Generative Event

The acronym TGE stands for Token Generation Event, which represents the moment when, for the first time, a token is generated on its blockchain and made available to the public.\
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Token launch through TGE helps blockchain businesses raise funds from the public through an ISPO, IDO, private, or public sales. Two primary goals of a [token generation event](https://cointelegraph.com/news/how-to-create-and-launch-a-cryptocurrency-token-with-tokenmint) include generating a token and launching it on crypto exchanges and websites to keep the investor communities updated about a new blockchain-based project. Early support of a cryptocurrency project demonstrates your confidence and understanding of its limitless potential, and early investors are rewarded through voting rights, airdrops, and access to restricted and discounted goods and services.  \
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As we mention on our roadmap the PALM TGE will take place in Q3 2024 and we will have more information coming out during 2024 for exact dates and the process.<br>