One thing that sparked heated discussions in the English section yesterday was the limit of MegaETH, which has reached a few million views and cannot be eaten alone. Can you roughly outline the process ~~~~~~~~~~~~~~~~ Firstly, a KOL @ icobest successfully obtained a large amount of MegaETH public shares after choosing to lock up for one year. He proudly stated that these shares were worth 1M and then wanted to urgently hedge to ensure that he received the money. However, soon his tweet was noticed by the @ megaeth team, and his share was reset to zero ， Lost a paper wealth of one million dollars. This tweet was too dramatic and caused explosive spread. MegaETH's chief scientist @ NamikMuduroglu came out to explain the reason, because those who participated in the public offering and chose to lock in for one year were actually required not to transfer, sell or hedge their shares in advance, otherwise it would be a violation. This ICO beast just habitually tweeted to pretend to be awesome, but happened to hit the gun. Then the on chain detective @ zachxbt exposed an old con artist KOL @ KookCapitalLLC who actually received the largest allocation, possibly because he was a friend of @ bread - (MegaETH market manager). This accusation has pushed the discussion of MegaETH's criteria for selecting believers to a climax - if a person who openly discusses hedging has their limit revoked, should Kook, a notorious old scammer who cheats money all year round, have their limit revoked even more? Early this morning, @ hotpot_dao directly responded to this question: Kook received very high scores in all indicators given by the system algorithm, so he got Max Allocation instead of relying on connections. @Icofast actually has a closer personal relationship with Bread than Kook, but the credit limit was also cancelled - so it's not due to the relationship account. ~~~~~~~~~~~~~~~ At first glance, MegaETH may seem a bit unconventional, a bit tight lipped, and domineering, but from the statements of industry insiders in related tweets, there are still many people who agree. For example, Bera's Founder @ SmokeyTheBera believes that most people only care about the coin price and how to sell it at a good price, so avoiding giving tokens to these people is the right choice. In fact, from the seemingly inhumane option of "locking in for one year" introduced by MegaETH in this public offering, it can be felt that the team is consciously conducting "believer selection". In the current cryptocurrency industry, the vast majority of altcoins are locked up for a year, which basically means returning to zero. Therefore, those who dare to choose to lock up their positions with real money should indeed gain more share than those who use money for short-term arbitrage to join the fun. Among the people who locked up their positions, there were quite a few who, like ICO Beast, wanted to first obtain shares and then find a way to hedge or sell them. They were not true "believers" of the project, but "arbitrageurs" disguised as believers. Therefore, the team specifically reserved the right to identify and drive them away. By repeatedly testing and selecting the most loyal and trustworthy individuals for the project, one can earn chips and receive rewards. Why is it becoming more and more like a 'cryptocurrency religion'? From another Founder @ hotpot_dao tweet, it can be seen that what they want to do is to try their own way to resist the trend of "copycat zeroing". Since the vast majority of people are playing games that involve digging up chips and then throwing them away, MegaETH should try to find those who believe in the team and are willing not to play like this. Isn't religion the ultimate faith? ~~~~~~~~~~~~~~~~~ Of course, MegaETH is not the first one in the cryptocurrency industry who wants to engage in religious activities. Previous PI coins, Sign, Bera, and even @ monad all had this intention, but I haven't seen any successful projects in the cryptocurrency industry that are serious and proactive. MegaETH's approach can be said to be a bit idealistic. Personally, I think the difficulty of implementation is still not small. Does the team really need to hire detectives to constantly monitor and investigate who is secretly selling shares off the exchange? But it's also good to give it a try, otherwise the noise of drums and gongs in front of TGE would be monotonous, and the chicken feathers behind TGE would be quite boring. GM