MegaETH Launches Public Token Sale on Echo’s Sonar Platform
MegaETH has announced its public sale for the $MEGA token. Retail investors can access 5% of the total token supply. The sale will use an English auction format on Echo’s Sonar platform. It starts on October 27 at 1 p.m. UTC. Registration remains open until the sale ends.
The sale begins at a $1 million fully diluted valuation (FDV) and can reach up to $999 million. Bids per participant range from $2,650 to $186,282. MegaETH aims to “price the network by its users,” focusing on early community members and long-term holders rather than large capital inflows.
Record-Breaking Previous Sale and Community Focus
This auction follows last year’s record-breaking sale hosted by Cobie’s Echo. That event attracted over 3,000 participants, including Vitalik Buterin and Dragonfly Capital. MegaETH’s new auction uses a decentralized allocation process. It aims to widen token distribution while maintaining a community-first approach.
The $MEGA token sale is part of MegaETH’s plan to expand governance. It also supports the network’s real-time scalability efforts.
Integration with USDm Stablecoin to Support Network Growth
MegaETH recently launched USDm, a native stablecoin developed with Ethena. USDm aims to lower transaction fees and fund network operations through yield, not user fees.
By combining community-led funding with a stablecoin economic layer, MegaETH tests if decentralized networks can stay user-owned and profitable. The token sale follows USDm’s rollout and ties token distribution to MegaETH’s new fee model. This model replaces variable gas fees with stable, yield-backed funding.
If participation matches last year’s, MegaETH could demonstrate a blockchain that funds itself via user bids and stablecoin yield. This approach may blur the lines between decentralization and corporate finance.
For more information, visit the MegaETH token sale page.
