MegaETH has announced its allocation strategy for the $MEGA public offering, which was oversubscribed by 28 times, attracting over 53,000 participants. Approximately 25% of the USD allocation was directed towards identified communities, based on a data-driven scoring system. This system evaluated on-chain activity, social signals, interaction with MegaETH, and a one-year lock-up intention.
The allocation process saw a pass rate of 10.1% for non-locked participants and 29.4% for those opting for a lock-up. The non-community bidding pool was narrowed down from 53,000 to about 6,000 participants, using a segmented curve to determine order submission ratios and ongoing anti-Syllabic vetting to ensure fairness.
MegaETH Allocates 25% of Public Offering to Key Communities
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