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MegaETH will conduct TGE on April 30th
Odaily Planet Daily News: MegaETH announces the completion of its first key performance indicator (KPI), with 10 “Mega Mafia” applications within its ecosystem officially launched and scheduled for TGE on April 30.
It is reported that MegaETH previously linked its token release mechanism to actual business performance rather than traditional time-based unlocking. The first KPI requires applications to have real user interaction capabilities, including conditions such as a single application having over 100k transactions within 30 days, which has now been achieved. MegaETH co-founder stated that this move aims to ensure the network has real use cases and economic circulation before token issuance, rather than relying solely on market expectations.
Currently, the MegaETH ecosystem has incubated about 30 projects, including stablecoin payments, yield tokenization, and on-chain lending. The total supply of MEGA tokens is 10 billion, with 53.3% to be gradually released based on subsequent KPIs. (The Block)