MegaETH has announced the completion of its first key performance indicator (KPI) with the official launch of 10 'Mega Mafia' applications within its ecosystem. The token generation event (TGE) is scheduled for April 30.
According to Odaily, MegaETH has linked its token release mechanism to actual business performance rather than a traditional time-based unlocking model. The first KPI required the applications to demonstrate real user interaction capabilities, including a cumulative transaction volume exceeding 100,000 within 30 days for a single application, which has now been achieved. A co-founder of MegaETH stated that this approach aims to ensure the network has real use cases and economic cycles before the token issuance, rather than relying solely on market expectations.
Currently, the MegaETH ecosystem has incubated approximately 30 projects, focusing on areas such as stablecoin payments, yield tokenization, and on-chain lending. The total supply of MEGA tokens is 10 billion, with 53.3% set to be gradually released based on subsequent KPIs.
Alex
