MegaETH launches The Fluffle Soul-Binding Non-Fungible Token! Promises to airdrop at least 5% tokens.

CoinCircle (120bTc.coM ): MegaETH, the Ethereum Layer2 project recently invested by Vitalik Buterin, announced the launch of its flagship Non-fungible Token series, The Fluffle, with a total supply of 10,000. The Fluffle is a soul-bound Non-fungible Token, which means that this Non-fungible Token series cannot be transferred or traded in the market for profit like BAYC and other Non-fungible Tokens. However, at the initial announcement, the community focused on MegaETH’s fundraising. However, MegaETH promises that Non-fungible Token holders will receive at least 5% of the Tokens, which can be seen from the perspective of community financing.

The existing Airdrop method cannot reward loyal users

MegaETH’s Twitter post indicates the launch of the flagship Non-fungible Token series: The Fluffle. The series consists of 10,000 Non-fungible Tokens, soul-bound. The official statement is that their starting point is that they believe the existing Airdrop point system benefits are taken away by unreal activities or so-called Airdrop studios, making it impossible to benefit true loyal users. At the same time, in recent years, the project’s low circulation and high market value model have only created profit space for internal personnel.

Therefore, MegaETH’s Airdrop does not force users to complete tasks, but allows real users to become early investors, just like the community financing launched by MegaETH on Echo earlier, with a limit of $10 million sold out immediately.

And this time the Non-fungible Token holders will receive at least 5% of the Token Airdrop, MegaETH chooses to launch the Soul-Bound Non-fungible Token series, as it avoids intrusive KYC requirements, anti-witch, and uses strict anti-money laundering procedures.

Is The Fluffle a cost-effective transaction for the public offering of a community with a valuation of 600 million?

According to the official website, 10,000 Non-fungible Tokens will be distributed in whitelist mode, with the first batch of 5,000 Non-fungible Token whitelist being distributed to active addresses among 80,000 eligible addresses. The Fluffle series of Non-fungible Tokens are highly personalized and can be unlocked for wearable devices in the future. You can check on the official website to see if you are on the whitelist. A small number of quotas are free to mint, while the rest must still compete for the 5,000 Non-fungible Tokens among 80,000 addresses.

The second batch of Non-fungible Token whitelist will be launched in a few months, aiming to provide an opportunity for those who continue to drive influential social and on-chain interaction for MegaETH.

The official stated that Non-fungible Token holders can distribute at least 5% of the Tokens, and possibly more. Half of the Tokens will be unlocked on the TGE day and fully unlocked within six months. From the perspective of early investors, 10,000 ETH is less than 30 million US dollars, and deducing 5% of the Tokens distributed, the valuation of this round is less than 600 million US dollars. It seems that the valuation is not too high considering the Layer2.