PANews reported on January 30 that according to The Block, the Ethereum Layer2 network MegaETH has clarified the release rules for its MEGA tokens: 53% of the supply (i.e. 5.3 billion) will be released based on the completion of the protocol’s four key performance indicators, rather than unlocking based on a fixed timeline. The four KPI goals are: 1. Ecological growth: measured by the total locked value of MegaETH and the supply of USDM stablecoins. 2. MegaETH Decentralization: Follows the L2 standardized “phase” model proposed by Ethereum founder Vitalik Buterin. 3. Performance improvement: Increase network bandwidth and reduce latency. 4. Ethereum Ecosystem Decentralization: Includes external milestones such as Ethereum’s private transaction flow, client diversity, and block construction centralization.
Co-founder Namik Muduroglu said that the token will be rewarded to holders who choose to stake MEGA. This means that token unlocks are tied to the success of the protocol, not time. If the KPI cannot be met, the relevant tokens will continue to be locked, and their use may be determined by voting in the future.
According to previous news, the MegaETH public mainnet will be launched on February 9. It is reported that its total token supply is 10 billion, except for 53% for KPI rewards, the rest is allocated to public sale (15%), venture capital (14.7%), team/consultant (9.5%) and foundation (7.5%).
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
Aave v4 Receives Near-Unanimous DAO Approval, Ethereum Release Imminent
Aave Protocol's upcoming v4 version passed by an overwhelming majority in the DAO vote, laying the foundation for its launch on Ethereum. The new version will improve capital efficiency, provide customized lending markets, and prioritize security, marking a significant upgrade for Aave in the DeFi space and is expected to attract more attention from users and institutional investors.
GateNews5m ago
Forward Industries Associated Address Withdraws 4648 ETH from Certain CEX, Worth Approximately $9.95 Million
Gate News reports that on March 24, according to Onchain Lens monitoring, an address associated with Forward Industries withdrew 4648 ETH from a certain CEX, valued at approximately $9.95 million.
GateNews19m ago
Aave V4 Set for Ethereum Launch With $1.5M Security Backing
_Aave V4 approved after 345 days of audits with a $1.5M DAO backed security budget for Ethereum launch._
_Mantle TVL hits $755M, just 1.9% below ATH as Aave drives rapid DeFi capital growth on the network._
_Cian and KelpDAO add over $300M liquidity to Aave as looping and LST
LiveBTCNews23m ago
Golden Afternoon News | Important Midday Updates on March 24
Spain arrests suspect in Ledger co-founder kidnapping case, Aave v4 receives nearly unanimous support to proceed with mainnet deployment, while Russia allows Bitcoin and other cryptocurrencies to enter the market, and multiple central banks will increase gold holdings to address geopolitical risks.
金色财经_30m ago
Tom Lee: Ethereum Reaches 77% of Target Progress, "Mini Crypto Winter" Is Fading
Jinse Finance reports that Tom Lee, chairman of Bitmine, stated that the "mini crypto winter" affecting Ethereum is coming to an end. The company purchased $139 million worth of Ethereum, bringing its holdings closer to the 5% target. He pointed out that multiple positive factors are thawing the crypto winter, with Ethereum outperforming stock markets during recent conflicts.
金色财经_33m ago
Bitcoin ETF Ends Losing Streak as Inflows Resume, Gold ETF Records Highest Single-Day Outflow in a Decade
On March 23rd, US spot Bitcoin ETFs recorded net inflows of $167 million, ending three consecutive days of outflows and signaling a shift of capital toward Bitcoin. Meanwhile, gold ETFs faced significant outflows, primarily due to the Federal Reserve's high interest rates increasing the opportunity cost of holding gold, causing funds to pivot toward assets like Bitcoin. The correlation between Bitcoin and gold fell to -0.88, indicating a strong negative correlation between the two.
MarketWhisper36m ago
