BlockBeats News: On January 30, MegaETH co-founder Namik Muduroglu stated that 53% of the total MEGA token supply will be released upon the achievement of "major protocol milestones," rather than being unlocked according to a time-based schedule. These milestones include MegaETH's total value locked (TVL), L2 decentralization, protocol performance, and external milestones agreed upon by the Ethereum community. This move aims to address long-standing concerns regarding token economic models with "low circulation/high fully diluted valuation (FDV)."
MegaETH Will Unlock 53% of MEGA Supply at Major Protocol Milestones
KuCoinFlashShare
Summary
MegaETH announced a protocol update that will unlock 53% of the MEGA token supply at major protocol milestones, not through a time-based schedule. Milestones include TVL growth, L2 decentralization, and community-agreed external goals. The change targets the "low circulation/high FDV" model. New token listings may benefit from this more event-driven tokenomics approach.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.