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According to the current public information, MegaETH's public offering will be held on October 27, 2025 at Sonar, a subsidiary of the financing platform Echo. This was a community open sale using an English auction and attracted a lot of market attention. The following is a summary of the core information of this public offering, which you can quickly understand: Project details Public fundraising platform Echo’s Sonar platform Public sale time: October 27th - October 30th, 2025 (72 hours in total) Total token supply: 100 billion MEGA Public offering share: 5 billion coins (accounting for 5% of the total amount) Payment method Ethereum mainnet USDT Auction format British auction (prices from low to high) The starting price is US$0.0001 (corresponding to a fully diluted valuation FDV of US$1 million) The maximum price limit is US$0.0999 (corresponding to FDV of US$999 million) The minimum individual limit is US$2,650 and the maximum is US$186,282 Lock-up rules: US participants must lock-up for 1 year and enjoy a 10% discount； Non-U.S. participants can choose to lock up and enjoy the same discount 🔮 Market popularity and valuation reference MegaETH received extremely high market attention before listing, which can be seen from some prediction markets: · High valuation expectations: On the prediction market Polymarket, the probability of betting that MEGA’s fully diluted valuation (FDV) will exceed US$2 billion after its launch is as high as 87%. For comparison, among the current mainstream Layer 2 projects, Arbitrum’s FDV is approximately US$3 billion, and OP’s is approximately US$1.8 billion. · Pre-market price: In the Hyperliquid pre-market, MEGA’s implied FDV was even speculated to be approximately US$5 billion. This means that the market has very high expectations for its post-IPO performance. 📝 How to participate in the public offering? If you want to participate, you need to complete the following steps. Please note that some processes have deadlines. 1. Complete KYC certification: This is a prerequisite for participating in the public offering. you need to: · Materials to prepare: photo identification such as a passport or driver's license, utility bills or bank statements from the past three months as proof of address. · Pay attention to regional restrictions: The official list shows that users in China (including mainland China) are prohibited from participating in this sale. Although some community users have shared other solutions, there are certain risks. · For authentication: It is recommended to enter through the MegaETH official registration page and complete identity verification (including face recognition) and address proof upload. Certification may require 1-3 days of manual review, and it is recommended to complete it as soon as possible. 2. Participate in auctions and allocations · Bidding phase: Within 72 hours from October 27th to 30th, you need to bid according to the rules of the British auction. · Oversubscribed allocation: If subscription is hot, a special allocation mechanism will be adopted. In addition to bidding, the following actions may increase your allocation: · Bind and prove your active social media (such as X/Twitter) and GitHub account. · Provide multiple additional wallet addresses with rich on-chain interaction history. · Hold MegaETH's Fluffle NFT (currently the floor price on OpenSea is about 0.7 ETH). ⚠️ Important risk warning Before participating, please be aware of the following risks and uncertainties: · High valuation and competitive pressure: Despite the low starting price, market expectations have pushed its FDV to a high of US$2 billion or even US$5 billion. For comparison, the FDV of existing mature L2 projects such as zkSync is approximately US$690 million. As a new project, MegaETH faces challenges whether it can support such a high valuation. · Technology implementation risks: MegaETH focuses on high performance (100,000 TPS, millisecond latency), but this is still a technical declaration. As an early-stage project, the actual implementation effect and ecological development still need time to be verified. · Market fluctuation risk: The cryptocurrency market is highly volatile, and the price of a token after it is listed will be greatly affected by the overall market sentiment. · Lock-up liquidity risk: If you choose (or are required to) lock-up for 1 year, you will not be able to trade tokens during this period and will need to bear additional market uncertainty. (Note: This official account does not provide investment advice, but only information sharing. Investments are risky and you need to be cautious when entering the market. Please treat it rationally. Thanks. |
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