Original source: Namik (Megaeth CSO)
We have built a non-consensus blockchain (it's a pun). On one hand, it pursues high performance while abandoning retro broadcasting for consensus; on the other hand, it takes a non-mainstream high-performance route amidst mainstream rhetoric.
Megaeth combines centralized block production with maximally decentralized validation, thus upholding the fundamental principles of blockchain in the face of extreme speed. Our architecture is closely linked to Ethereum, and our name even contains the word ETH. Frankly, if Ethereum loses its decentralization or its token price drops to zero, our story will end.
These choices stem from objective physical laws. Our guiding star is to solve the problem of high performance, not to build a science fiction novel for endless selling.
Megaeth is the only architecture for building all crypto high-speed transactions, often referred to as Endgame. We refuse to compromise, and we extend the same philosophy to the business level.
So, how do we truly build an excellent blockchain?
We need two things:
· Founders: Founders with strong beliefs and perseverance, who can also build groundbreaking applications.
· Users: A user base that helps iterate, validate, and scale the applications.
The old routine in the past was simple: raise a large amount of funds from tier-one venture capital, offer bounties for airdrops, and then market the number of on-chain users to application developers after calling it a "community-owned" "community." The endgame leads to centralized exchanges selling air. Meaningless testnet interactions prevent us from accurately measuring the value these users provide; worse, it only attracts speculators rather than true evangelists.
We chose a different path, rolled up our sleeves, took our farming tools, and went to the people. We directly DM technical elite developers on Twitter, and we search for undervalued founders who wish to build without constraints and launch a series of applications that the industry can be proud of. Interestingly, many founders in the Megaeth ecosystem began their entrepreneurial journey from our proactive DMs.
These teams have raised over $75 million in new categories such as attention markets (like trading Mindshare's Noise) and click trading (Tap to Trade's Euphoira).
Following in Ethereum's footsteps, we may be the only blockchain whose application financing exceeds the financing of the chain itself (until this public sale). Of course, we might even be the only blockchain that has been repurchasing investor shares before the TGE.
The second goal is to build a "community"
Frankly, this is a term I didn't quite believe in before the project launched. "Community" lacks a prefix: investors. The original Ethereum community was an investor community. The local Ethereum groups in London, Istanbul, and Milan were initiated by ICO participants, not millions of airdrop hunters.
Therefore, we adopted a very retro fundraising method to equalize everyone. We did not raise funds at a high valuation but focused on achieving equal access through interest binding:
Echo Sale: Selling 5% of shares on Echo under the same conditions as Vitalik, Cobie, and Joe. Yes, you are on the same starting line as the crypto giants because everyone is part of the investor community.
Fluffles NFT: No KYC required, while maintaining anti-money laundering standards. Based on on-chain activity, we traced 5,000 Onchain Degen targeted invite investments.
As we prepare to launch the mainnet, the public sale is about to begin. Once again collaborating with the Cobie team will make the investor community the largest single shareholder in the MegaETH network. It is worth mentioning that it will account for a larger share than both venture capitalists and team shares.
After the mainnet launch, we will provide additional tokens to all participants in the public sale, even if the final subscription does not receive a share allocation.
This article is from a submission and does not represent the views of BlockBeats.
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