MegaETH Sells 500M MEGA Tokens, Retaining Majority for Ecosystem Use

According to MegaETH, its updated tokenomics specify a 10 billion total supply, with a large portion reserved for KPI staking rewards and strategic allocations alongside the recently completed public sale.

Summary

MegaETH confirmed a total supply of 10 billion MEGA tokens in its updated tokenomics. Five percent of this supply, or 500 million tokens, was offered in a public sale and fully allocated to buyers. The remaining supply includes 9.5% for team/advisors, 7.5% foundation reserve, 53.3% for KPI staking rewards, and 24.7% for various investors. Ecosystem allocations will be subject to lockup and vesting schedules to ensure gradual distribution and support long-term stability.

Terms & Concepts
  • Token Allocation: The distribution plan for a cryptocurrency’s total supply among various stakeholders, such as investors, team members, and reserves.
  • Staking Rewards: Incentives given to participants who lock up their cryptocurrency to help secure a blockchain network.
  • Tokenomics: The economic model of a cryptocurrency, detailing its supply, distribution, and mechanisms influencing its utility and value.