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Last chance! MegaETH invested by Buterin will start token sales on October 27th. Will the myth of getting rich be reappeared soon?

Vitalik 2025-10-25 08:30 36091人围观 ETH

Message: Dreams will not shine. What shines is us who chase our dreams! For more hundred-fold projects, please consult the assistant QQ: 1255277313 On Hyperliquid, the implied valuation of the MEGA pre-release contract has soared to US$5 billion, while th
Message: Dreams will not shine, what shines is us chasing dreams! For more hundred-fold projects, please consult the assistant QQ: 1255277313

On Hyperliquid, the implied valuation of the MEGA pre-release contract has soared to US$5 billion, while the starting valuation of the public auction on October 27 was only US$1 million. This 5,000-fold gap contains the most suffocating opportunity to get rich in the cryptocurrency market in 2024.

On October 22, a piece of news exploded in the cryptocurrency circle: MegaETH, the highly anticipated L2 solution for Ethereum, announced that its MEGA token public auction will officially launch on October 27. The starting fully diluted valuation is only US$1 million, while the valuation cap is set at US$999 million.

The news instantly ignited market frenzy. What is even more remarkable is that behind this project, which is called the "first real-time blockchain", stands Vitalik Buterin, the founder of Ethereum - his participation and endorsement made MegaETH become the focus of the industry even before it was launched.



Opportunity to get rich? The jump in valuation from 1 million to 5 billion

MegaETH’s public sale sets an incredibly low starting point—the starting FDV is just $1 million, and the starting unit price is $0.0001. At the same time, the implied valuation of MEGA pre-release futures contracts traded on Hyperliquid has reached as high as $5 billion.

This wide disparity in valuations creates a rare window of investment opportunity. Looking back at the performance of Plasma, the first phase of the Sonar platform - its tokens rose to a maximum of 34 times the sales price on the fourth day after TGE, and are still maintaining a 9-fold increase - the market has a more specific reference for MegaETH's expectations.

On the prediction market Polymarket, the probability of betting that "FDV will be greater than $2 billion after the first day of MegaETH's launch" is as high as 86%. There is a 57% probability of supporting FDV exceeding US$4 billion, and a 21% probability of exceeding US$6 billion.

If these predictions come true, it means early adopters could receive thousands of times a return on their investment.

Complete Guide to Auction: The Door to Wealth Opening on October 27

According to the official announcement, MegaETH will launch a public auction on the Sonar platform at 9 pm Beijing time on October 27, which will last for 72 hours. This auction will sell 5% of the total amount of MEGA tokens, using a British auction format.

The starting FDV is US$1 million, the starting unit price is US$0.0001, and the price ceiling is set at US$0.0999, corresponding to a maximum FDV of US$999 million. Individual bids are limited to $2,650 to $186,282.

If oversubscribed, MegaETH will prioritize existing community members, as well as investors who “demonstrate long-term consistency through social activity, on-chain behavior, and lock-in preferences.”

The project adopts a "bimodal distribution process" to ensure widespread distribution of tokens and prioritize key contributors. At least 5,000 participants will receive a base allocation starting at $2,650.

Buyers can choose to lock in their allocation for one year to receive a 10% discount. It is worth noting that all U.S. participants must accept a 1-year token lock-up period, while non-U.S. participants can voluntarily choose whether to lock up their positions.

Why does V God stand up? An in-depth analysis of MegaETH’s technological revolution

MegaETH is by no means an ordinary second-layer Ethereum solution. It calls itself the "first real-time blockchain" and promises to bring Web2-level performance into the Web3 world. Its technical goals are amazing: 100,000 TPS processing power and millisecond-level latency.

While today's Ethereum ecosystem is still struggling with performance bottlenecks, MegaETH's technical declaration has redefined the imaginary boundaries of the Layer 2 track.

MegaETH adopts a heterogeneous blockchain architecture that improves performance by allowing network nodes with different hardware configurations to specialize in specific tasks. Its architecture contains three types of nodes: the sequencer handles transaction ordering and execution ; Replica node application status differences ; Prover nodes generate cryptographic proofs.

Even more impressively, MegaETH stores the entire EVM world state and state tree in memory, resulting in 1000x faster state access compared to SSD-based systems. At the same time, the project uses just-in-time compilation technology to transparently convert smart contracts into local machine code, improving performance by 100 times for computing-intensive applications.

These breakthrough technologies enable MegaETH to support high-frequency transactions, real-time chain games and other Web3 applications with extremely high performance requirements, directly addressing the core pain points of the current market. This may be the technical reason why Vitalik Buterin chose to endorse.

The secret of the financing process: from institutional madness to community fanaticism

MegaETH’s financing history shows a clear evolution trajectory. In June 2024, MegaETH announced the completion of a US$20 million seed round of financing, led by the well-known venture capital Dragonfly, and participating investors include first-tier institutions such as Figment Capital, Robot Ventures, and Big Brain Holdings.

Its lineup of angel investors is luxurious: in addition to Vitalik Buterin, there are also industry heavyweights such as Joseph Lubin, founder of ConsenSys, and Sreeram Kannan, founder of EigenLayer.

Only half a year after the seed round of financing, in December 2024, MegaETH raised US$10 million in less than three minutes through the Echo platform created by the well-known KOL Cobie, far exceeding the established goal of US$4.2 million. This round of financing attracted approximately 3,200 investors from 94 countries, with an average investment amount of approximately US$3,140 per investor.

In February this year, MegaETH further innovated its financing methods and launched "The Fluffle" series of NFTs for financing. These 10,000 NFTs are all SBT that cannot be traded and transferred, and are priced at 1 ETH. Through this round of financing, MegaETH raised 4,964 ETH, worth approximately $13.29 million at the time.

Based on this calculation, its FDV has surged to approximately $540 million. The upper limit of the valuation of the public auction on October 27 was US$999 million, which means that the valuation increase has not doubled since February, leaving considerable room for profit for public auction participants.

Revenue Forecast: How much return is possible after launch?

If MegaETH’s FDV reaches the US$2 billion expected by the market, investors in different rounds will receive completely different returns:

· NFT round investors (FDV $540 million): Profit approximately 3.7 times

· Public auction participants (FDV 0.01-999 million US dollars): If you participate at the starting price and the FDV reaches 2 billion, the income will be as high as 2000 times

· Echo round participants (FDV approximately US$100 million): Profit approximately 20 times

· Seed investors (FDV undisclosed, but less than $100 million): more substantial returns

It should be noted that these expected benefits are based on the project successfully reaching US$2 billion FDV. For reference, the current valuations of mainstream Layer 2 are: Arbitrum FDV is US$3.2 billion, OP FDV is US$2 billion, Starknet FDV is US$1.2 billion, and Zksync FDV is US$800 million.

If MegaETH wants to exceed 2 billion US dollars in FDV, it needs to show sufficient competitiveness in actual technology implementation and ecological construction.

Risk warning: potential pitfalls behind high returns

Despite its attractive prospects, MegaETH still faces multiple risks:

Technical execution risk: The performance indicators promised by MegaETH are extremely ambitious, and whether it can meet expectations after the actual mainnet is launched remains to be verified. Historically, many technology projects have encountered challenges in the actual implementation process.

Market competition risks: The Layer 2 track is already extremely crowded, and pioneers such as Arbitrum and Optimism have established significant ecological advantages. MegaETH needs to prove its differentiated value in actual application scenarios.

Market Volatility Risk: The cryptocurrency market is known for its high volatility, and bull-bear transitions in the overall market can significantly affect the token price of an individual project.

Risk of opaque token economic model: Although MegaETH’s distribution mechanism is relatively community-friendly, the specific details of the token economic model are still not transparent enough, and investors need to wait for more details to be released before making a comprehensive assessment.

Participation eligibility restrictions: To participate in this sale, investors need to complete KYC verification on the Echo platform. It is important to note that users in some countries and regions, including China, are prohibited from participating in this sale.

Public sale details:



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Summarize:

The history of cryptocurrency keeps repeating itself - from the early Ethereum ICO to the explosion of Layer 2 in recent years, every technology cycle will give birth to new wealth myths. With its technological breakthroughs and all-star investment lineup, MegaETH does have the potential to create the next myth.

But investors need to be aware that high returns always come with high risks. At the last moment before the launch of the MegaETH auction on October 27, rationally assessing one's own risk tolerance and managing funds well may be the wisest way to seize opportunities and avoid traps.

On October 27, this auction that affects countless people’s dreams of wealth is about to begin—are you ready?

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