This comprehensive guide explains Token Generation Events (TGEs), the critical process where blockchain projects create and distribute utility tokens to their communities. TGEs differ from ICOs and IDOs by focusing on community building and ecosystem access rather than pure fundraising. Projects conduct TGEs to encourage broader participation, build engaged communities, increase token liquidity, and raise development capital. The guide evaluates TGEs through whitepaper analysis, team research, community sentiment, and regulatory considerations. Successful examples include Uniswap's UNI token, Blast's BASH distribution, and Ethena's ENA allocation—each demonstrating innovative community-focused strategies. Understanding TGE mechanics, risks, and evaluation methods helps users make informed investment decisions in this dynamic blockchain landscape.