Overview
- MegaETH will sell 5% of MEGA via an English auction on Echo’s Sonar, letting bids set the clearing price within the stated FDV band.
- Each participant can commit up to about $186,282, and advance registration is required to take part in the sale.
- If demand exceeds supply, a U‑shaped allocation will grant larger allocations to verified long‑term contributors and guarantee baseline allocations to at least 5,000 participants.
- The team says the sale is intended to make non‑insider buyers the largest stakeholder group in the network.
- The event follows roughly $30 million raised from backers including Dragonfly, Vitalik Buterin, and over 3,000 Echo participants, and it is framed as the final step before mainnet for the "real‑time" blockchain.