Bankless|06. Mai
MegaETH $MEGA TGE: Tokenomics, Unlocks, Apps, and Revenue
MegaETH TGE Podcast Summary
Introduction and Background- Shuyao and Lei discuss the token launch day and the journey.
- Funding rounds: private sales, Echo sale, NFT sale.
- KPI milestones set to prove team's work and involve the community.
- KPIs: 10 unique apps live on MegaETH, each novel and not possible elsewhere.
- Examples: World Market (fully on-chain DEX) and Hit 1 (leveraged trading broker) leveraging composability.
- Stablecoin USDM: Native stablecoin returning yield to token holders.
- Two revenue streams:
- USDM: Interest from stablecoin.
- Colocation protocol: RPC access and computing for market makers.
- Value accrual: Revenues used for $MEGA buybacks.
- Transparent distribution: No airdrop farming; all investors have cost basis.
- Unlocks at TGE:
- 100% for Fluffle NFT holders.
- 20% for Echo participants.
- All ICO participants without lock.
- Performance: Can host over 300 Polymarket instances.
- Architecture: Custom state trie, optimized database, low-latency RPC.
- Post-KelpDAO hack: Enhanced security for apps and bridges.
- Goals: Pursue Stage 2 decentralization, support apps, launch new products in May.
- TGE day is just the start; team remains focused on building and shipping new products.
