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 Breaks Through $78,000, Ethereum Hits $2,390: Market Panic Eases
Bitcoin breaks through $78,000, while Ethereum climbs above $2,390. This article reviews the V-shaped reversal trend from April 13 to 22, analyzing the evolution of liquidation data and the Fear and Greed Index.
GateInstantTrends18m ago
Whale 0xD91D Executes Multi-Platform DeFi Strategy Involving $22.68M ETH
Gate News message, whale address 0xD91D established a new wallet (0xEb2a) and deposited 9,500 wstETH into Spark. The whale subsequently borrowed 9,500 ETH valued at $22.68 million, transferred the assets to a centralized exchange for sale, and withdrew USDE from the exchange to repay outstanding loa
GateNews1h ago
Ethereum Breaks $2,400, Up 3.58% in 24 Hours
Gate News message, April 22 — Ethereum surged past the $2,400 mark today, trading at $2,400.85 with a 24-hour gain of 3.58% according to major CEX data.
GateNews3h ago
Ethereum Foundation Researcher: Openness and Transparency Drive Developer Trust and Participation
Shyam Sridhar argues Ethereum's openness and transparency foster developer trust and participation, contrasting with backdoors in banks, platforms, and AI providers.
Abstract: The article reports Ethereum Foundation researcher Shyam Sridhar's view that Ethereum's openness and transparency are core to developer trust and engagement. He contrasts these properties with backdoors in traditional systems such as banks and tech platforms, arguing that openness sustains ecosystem growth.
GateNews3h ago
Digital Asset Partners with Ethereum Korea on Content Collaboration, Marking First MOU for Community
Digital Asset signs an MOU with Ethereum Korea to receive Ethereum ecosystem updates, roadmap developments, and expert content, signaling a bidirectional collaboration to connect Korean and global Ethereum resources.
Abstract:
Digital Asset and Ethereum Korea have signed an MOU to deliver Ethereum ecosystem updates, roadmap developments, and expert content to Digital Asset’s readers. The partnership aims to connect Korean capabilities with the global Ethereum ecosystem through bidirectional collaboration.
GateNews4h ago
Coinbase Board Warns Proof-of-Stake Networks Face Quantum Computing Risks
Coinbase warns quantum-era risks to proof-of-stake: validator signatures and wallet cryptography could become vulnerable; transition to quantum-resistant systems will be complex and multi-year, requiring early planning despite no immediate threat.
Abstract: This report from Coinbase’s Independent Advisory Board analyzes long-term security risks for proof-of-stake blockchains as quantum computing progresses. It highlights validator signatures and wallet-level cryptography as areas potentially vulnerable to quantum attacks, while acknowledging that present systems remain secure. The authors emphasize a careful, multi-year transition toward quantum-resistant cryptography, requiring coordinated upgrades across wallets, exchanges, and blockchain infrastructure and early planning to mitigate future threats before they become practical.
CryptoFrontier4h ago
