Summary
- Reported that the ICO conducted by MegaETH sold out 5 minutes after sales began.
- Said that a total of $360,800,000 (about 520 billion won) was raised and the MEGA token reached the maximum subscription price of $0.0999.
- U.S. investors are required to lock up tokens for 1 year, and overseas investors can increase their allocation share through optional lockups.
Ethereum (ETH) layer-2 network MegaETH drew significant attention in its initial coin offering (ICO).
According to crypto asset (cryptocurrency) outlet Coinspeaker on the 28th (Korea time), MegaETH began selling 500,000,000 MEGA tokens, which are 5% of the total supply, in a 72-hour limited English auction overnight, and it closed 5 minutes after it started. As soon as sales began, a total of $360,800,000 (about 520 billion won) flowed into the public sale, and the MEGA token reached the maximum subscription price of $0.0999.
The final allocation of MEGA tokens is determined based on social and technical indicators such as community participation and on-chain activity.
U.S. investors are required to lock their tokens for 1 year, while overseas investors can increase their allocation share through optional lockups.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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