MegaETH Buys Back 4.75% Equity Ahead of Network Launch
The blockchain developer repurchased shares from early investors to enhance decentralization and align long-term growth with its builder community.
Summary
MegaETH announced the repurchase of 4.75% of its equity from seed investors as part of efforts to strengthen long-term alignment and decentralize ownership ahead of its upcoming network launch. The buyback was approved by major stakeholders such as Dragonfly and Echo and follows earlier community-focused sales. The company stated its commitment to favor long-term builders over short-term capital and revealed plans for new incentive mechanisms aimed at supporting token holders.
Terms & Concepts
- Equity Repurchase: A corporate action where a company buys back its own shares from existing investors, often to consolidate ownership or improve strategic alignment.
- Decentralization: The process of distributing decision-making and ownership across a wider group of participants, reducing control by a single entity within a blockchain ecosystem.
- Token Incentive Mechanisms: Economic structures designed to reward participants and foster engagement within blockchain networks through token-based compensation or staking models.