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%).
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