MegaETH, an Ethereum scaling solution by MegaLabs, has announced that 70.3% of its total token supply will be retained within the ecosystem. This includes 9.5% allocated to the team and advisors, subject to a one-year lockup and a three-year linear vesting period. Additionally, 7.5% is reserved for the Foundation/Ecosystem Reserve to support development and partnerships, while 53.3% is designated for KPI Staking Rewards, distributed based on network performance.
The public sale of MEGA tokens, set for October 27, will distribute 500 million tokens, representing 5% of the total supply, to purchasers. The initial fully diluted valuation (FDV) is set at $1 million. Other allocations include 14.7% to venture capital firms, 5% to Echo investors, 2.5% to Fluffle purchasers, and 2.5% to the Sonar reward pool, all outside the ecosystem reserve.
MegaETH Allocates 70.3% of Tokens to Ecosystem, Team, and Advisors
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