Real-time blockchain project MegaETH announced that it will launch a public token sale via Sonar on the Echo platform on October 27.
The sale will begin at an initial valuation of $1 million (FDV) and will be capped at $999 million. 5% of the total MEGA offering will be offered through an English-style auction.
Project Funding and Investor Backing
MegaETH has raised $30 million in funding to date from investors including prominent figures such as Dragonfly and Ethereum co-founder Vitalik Buterin.
Sale Mechanics and Community Prioritization
The project team stated that the sale will be held with the motto “Built for you, priced by you.” Last year, in the first sale, organized in partnership with Cobie's platform Echo, more than 3,000 investors participated in the project under the same conditions.
In the new round, users will be able to pledge a maximum of $186,282. If the sale is oversubscribed, priority will be given to existing MegaETH community members and participants who have demonstrated long-term commitment, assessed through social activity, on-chain behavior, and lock-in preferences.
The company aims to ensure broad token distribution through this allocation process while prioritizing backers who make significant contributions. MegaETH plans to offer an initial allocation of $2,650 per person to at least 5,000 participants in this sale.