PANews reported on October 22 that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on platform X that it will launch a public sale on the Sonar platform under Echo, with an initial Fully Diluted Valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching up to $186,282. If subscriptions exceed the amount, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locked preferences. The dual-peak distribution process ensures that tokens are widely distributed while also prioritizing key contributors. Core supporters of MegaETH will receive priority allocation, and at least 5,000 participants will receive a base allocation with a starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF inflow strength rebounds: over $500 million poured in in a single day, hitting a 3-week high
U.S. Bitcoin spot ETF capital inflows are warming up, with a net inflow of over $500 million on Wednesday, indicating a recovery in investor sentiment. Ethereum and other digital currency ETFs also recorded net capital inflows. However, the crypto market still faces uncertainties, with the Fear and Greed Index showing it remains in extreme fear. Some analysts suggest that this rebound may be temporary, and the market has not fully recovered yet.
区块客22m ago
Ethereum Roadmap Maps Path to Faster Slots and Finality
Ethereum developers are executing a multi-year plan, led by Vitalik Buterin, to reduce block slots from 12 seconds to potentially 2 seconds while improving finality delays. The roadmap, known as Strawmap, outlines gradual upgrades and aims for significant enhancements by 2029.
CryptoFrontNews1h ago
