Foresight News reports that MegaETH has revealed the core functions of its token MEGA and the TGE trigger mechanism. MEGA will have two main core functions: first, the foundation will use all income generated from the native revenue stablecoin USDM to buy back and accumulate MEGA; second, it introduces the Proximity Markets bidding system, where market makers and applications must use MEGA to bid for space near the sorter, reducing end-to-end latency to below 1 millisecond, with priority fee value flowing to MEGA.
At the same time, MegaETH has set three key performance indicators (KPIs), and a TGE will be conducted within 7 days after any one of them is achieved:
-
USDM 30-day time-weighted circulation exceeds $500 million, and 25% of the circulation is deposited into verification smart contracts of key applications;
-
Deployment of all 10 “Mafia” applications (including verification contracts, functional closed-loop, and public front-end);
-
Three applications generate $50,000 in daily fees for 30 consecutive days.
Additionally, Echo users, Fluffle, and Sonar participants will receive 20% of the tokens on the first day of TGE. All KPIs will be publicly tracked via a custom front-end starting February 9.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Price Outlook Linked to Shibarium Adoption in 2026
Shiba Inu's price in 2026 is closely tied to Shibarium's adoption and upgrades, particularly the anticipated Fully Homomorphic Encryption by Zama. Current market conditions show fragility, with key resistance and support levels crucial for SHIB's movement. Ecosystem growth and adoption metrics will significantly influence future price trajectories.
CryptoNewsLand1h ago
USD.AI introduces the Level Up mechanism and announces the details of the CHIP ICO
PANews reports that USD.AI has launched a new mechanism, Level Up, providing Season 2 earning pathways for Allo Game participants. Users need to lock Pendle YT to meet the score requirements and can earn 6%-10% returns through sUSDai. The CHIP ICO will take place on CoinList from February 22-27, allowing participants to unlock different rights and accumulate Season 2 points.
GateNewsBot7h ago
Ethereum Treasury Company ETHZilla Launches the First Tokenized Asset Supported by Aircraft Engines
ETHZilla Corporation Launches Eurus Aero Token I, the First Tokenized Asset Supported by Aircraft Engines, Built on Ethereum Layer 2 Network, Priced at $100, Offering Approximately 11% Return, Primarily Targeted at Accredited Investors, with Plans to Launch More Tokenized Assets in the Future.
GateNewsBot8h ago
Aster Chain’s Mainnet Set for March Launch as ASTER Token Surges Over 14%
Aster is set to launch its mainnet for the Aster Chain in March 2026, focusing on high-speed, private derivatives trading. The ASTER token surged 14% following the announcement, reflecting strong market confidence.
TheNewsCrypto9h ago
Espresso Foundation Opens ESP Airdrop Token Claim
Foresight News: Espresso Foundation announces that the ESP token is now live and open for airdrop claims.
GateNewsBot10h ago
Zand Bank and Ripple Collaboration: Stablecoins Expansion into UAE Banking System
Key Insights
Ripple and Zand link RLUSD and AEDZ to support regulated stablecoin payments and custody in the UAE.
The partnership focuses on XRPL-based issuance, liquidity, and compliance-led banking integration.
The move supports the UAE digital economy strategy and institutional blockchain
CryptoBreaking10h ago
