The first Liquidity Generation Event lasted one week, in which contributors were able to supply Ethereum to the LGE smart contract. After collecting Ethereum throughout the week of the event. The smart contract used the 10,000 CORE and the total amount of Ethereum supplied throughout the week to create a CORE/ETH Uniswap liquidity pool. The liquidity created through the LGE is locked up and the LP tokens given out can not be redeemed for their underlying assets. The LGE participants received Liquidity Pool tokens in return of their Ethereum contributed to the LGE. Each transfer of CORE is charged with a 1% fee, of which 93% goes to the staked LP tokens and 7% to the developer fund.