⚡️MegaETH @megaeth_labs has released the public sale details. The ICO will be conducted in the form of an auction. Let me explain how it works—
Total supply: 10 billion tokens, of which 5% (500 million) will be sold in this public offering.
Starting price: 1 million valuation, which is $0.0001 per token, meaning $1 buys 10,000 tokens.
Ceiling price: 990 million valuation, which is $0.0999 per token, meaning $1 buys 10 tokens.
Everyone can bid to purchase a certain number of MEGA tokens.
Minimum bid amount: $2,650.
Maximum bid amount: $186,282.
Without a doubt, everyone will be bidding based on the maximum $1 billion market cap.
If there is oversubscription, priority will be given to MegaETH community members and active users; ordinary users will have at least 5,000 slots available for allocation.
Mega has already launched on Hyperliquid this morning, currently priced at $0.5, corresponding to a $5 billion market cap. If bidding at the maximum $1 billion market cap, there is still a 4x profit margin.
The current issue is, I don't have K, it's tough!
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