MegaETH Token public sale: Starting valuation is only one million, pre-market FDV skyrocketed to 4.3 billion USD, how to participate?

The Ethereum scaling solution MegaETH, supported by Vitalik Buterin, announced that it will hold a three-day token public sale on Sonar starting October 27, using an English auction to sell 5% of the MEGA token supply, corresponding to a Fully Diluted Valuation of (FDV) ranging from 1 million USD to 999 million USD.

English-style auctions allow the market to determine valuations: MegaETH FDV is expected to reach 999 million USD.

The MegaETH announcement states that the public sale of $MEGA will be held on October 27 at the fundraising platform Sonar under Echo, lasting for 72 hours, using the English Auction format to sell 5% of the total amount of ( Token, starting from a low opening bid and gradually bidding up to the settlement price.

)Coinbase acquired the private placement platform Echo for $375 million, paving the way for ICOs to directly access exchange channels$MEGA

MegaETH ($MEGA) Token public sale details

In terms of pricing and valuation, the initial price is $0.0001 per Token, corresponding to a Fully Diluted Valuation of 1 million USD, which can be considered quite low; the ceiling price is $0.0999, corresponding to a Fully Diluted Valuation of 999 million USD. Each participant's investment limit ranges between 2,650 and 186,282 USD.

The public sale will take place on the Ethereum network and will only accept USDT for participation. Each person can only use one wallet address to participate. If participants choose to lock their investment for one year, they will enjoy a 10% discount, and U.S. accredited investors will be required to lock their investment for one year.

In terms of time, the public sale starts from October 27 to 30, during which identity verification and wallet linking must be completed; from November 5 to 19, you can choose to forfeit your share and get a refund; from November 19 to 21, tokens will be automatically allocated to wallet ( without the need to actively claim ).

What to do about oversubscription? U-shaped distribution balances contributors and community participants.

Namik Muduroglu, co-founder and growth officer of MegaLabs, stated that if there is oversubscription in the auction, MegaETH will activate the U-Shaped Allocation mechanism to ensure that early contributors are rewarded while promoting widespread distribution.

Specifically, shares will be prioritized for participants who have contributed to MegaETH or Ethereum, while also ensuring that at least 5,000 participants can receive the minimum allocation.

Schematic diagram: Public sale quota adopts U-shaped distribution

Specific contributions include:

Actively promoting MegaETH culture ( if holding Fluffle NFT, MegalioETH, etc. )

Frequently voice for the protocol on Twitter or Discord.

Previously participated in major Ethereum protocols ( such as Uniswap, Aave, Pendle, or Ethena).

Has a significant DeFi or NFT collection record

How to participate in the MegaETH Token public sale?

First, go to the Sonar official website to create or log in to your account, complete the KYC verification, and connect your wallet.

Next, go to the Megaeth Token public sale page, connect your wallet ( with up to three ), Sonar account, and X, Discord, and GitHub accounts. This is how it's done.

The Hyperliquid pre-market has started, with ( corresponding to a Fully Diluted Valuation of 4.3 billion USD.

At the same time, the on-chain perpetual contract exchange Hyperliquid has also launched the pre-market for MEGA/USD, with an opening price of 0.23 )FDV 2.3 billion USD (, which once soared to 0.67 )FDV 6.7 billion USD $MEGA , and has now slightly retreated to 0.43 (FDV 4.3 billion USD ).

In other words, the community consensus price has far exceeded the public sale cap price by 4 to 6 times, highlighting the high level of external attention to its growth potential.

MegaETH Contributor: Airdrop culture is a misincentive, value must return to the community.

Muduroglu pointed out that the current airdrop culture has created incorrect incentives, allowing farmers (farmer) to replace community believers, and emphasized that this public sale aims to make participants who are willing to demonstrate their beliefs through action the core force:

This is also why, once there is an oversubscription, we will prioritize the existing MegaETH community.

He emphasized that this public sale is not just about fundraising, but also an experiment in ideology, allowing the market to determine the value that the project should have with real money.

(Reinterpreting the World Computer: From Technology to Ecosystem, How the Ethereum Superstar MegaETH Became the Savior of Ether)

This article MegaETH Token Public Sale: Starting Valuation Only One Million, Pre-Market FDV Soars to 4.3 Billion USD, How to Participate? First Appeared in Chain News ABMedia.