#What Are the Key Details of MegaETH's Community Sale?
The community sale for MegaETH is gaining attention as it is set to begin with a fully diluted valuation of $1 million. Taking place from October 27 to 30, this sale will utilize a transparent English auction format, allowing investors to bid for 5% of the total token supply on the Sonar platform created by Echo. With a cap set at $999 million, participants can place bids ranging from $2,650 to $186,282 in USDT.
What Options Do Participants Have During the Auction?
Participants of the MegaETH sale can opt for a one-year lockup period which offers a 10% discount. This locking mechanism is mandatory for accredited investors based in the U.S., while other participants may choose to engage in this option at their discretion.
How Does MegaETH Position Itself in the Blockchain Space?
As a project described as the first real-time blockchain, MegaETH aims to create scalable infrastructure utilizing the Ethereum network. Its previous sales have shown promise, attracting a wide range of investors, including noted individuals such as Joseph Lubin and Vitalik Buterin, illustrating strong backing within the industry.
What Is the Anticipated Valuation of MegaETH in Future Trading?
Ahead of its public sale, Hyperliquid has pre-listed MEGA-USD perpetual futures, indicating an implied valuation of around $5 billion. This significant figure underscores the anticipation surrounding MegaETH’s upcoming mainnet launch, suggesting robust interest from the market.
This combination of a community-focused auction and high investor demand positions MegaETH favorably in the evolving landscape of cryptocurrency.