MegaETH will conduct its TGE on April 30th

BlockBeats News, April 24th: According to official sources, MegaETH has announced that its Token Generation Event (TGE) will take place on April 30th. MegaETH has stated that it has achieved the TGE milestone by launching 11 "Mega Mafia" ecosystem applications within two months, exceeding the original target. The countdown for the MEGA token's TGE will begin with a seven-day period.

Unlike other projects that follow a fixed schedule for token release, MegaETH has set actual development results as the threshold for the TGE, ensuring that there are real ecosystem applications and a healthy economic cycle on the chain before the launch of the native stablecoin, USDm.

The MEGA token has a fixed total supply of 10 billion, with 53.3% allocated for staking rewards linked to four KPI targets and released over time; 5% will be sold through a public token auction based on Sonar; 7.5% will go into the ecosystem and foundation reserves; 9.5% is allocated to the team and advisors; and 14.7% is distributed to VC investors.