MegaETH to Auction 5% of Token Supply with Unique Pricing Strategy
Joerg Hiller Oct 23, 2025 00:45
MegaETH plans a unique auction for 5% of its token supply, starting at $1 million and capped at $999 million, aiming to democratize investment opportunities.
MegaETH, a real-time blockchain platform, is set to auction 5% of its MEGA token supply on October 27, 2025. The auction aims to democratize the valuation process by allowing bidders to determine the price within a range, starting at $1 million and capped at $999 million, according to CoinMarketCap.
Innovative Auction Method
The auction will utilize Echo’s Sonar platform and employ an English auction format, which is designed to prevent inflated valuations. This approach is expected to foster a broad base of non-insider investors, providing a more inclusive investment opportunity.
U-Shaped Allocation System
In the event of oversubscription, MegaETH plans to implement a “U-Shaped Allocation” system. This strategy will prioritize proven contributors, ensuring that those who have been actively engaged with the platform have a better chance of securing tokens during the auction.
Market Dynamics and Community Engagement
The auction’s structure is part of MegaETH's broader strategy to engage the community and allow market forces to determine the token's value. By setting a floor and ceiling price, MegaETH aims to strike a balance between attracting investment and maintaining a sustainable token economy.
This auction represents a significant move in the cryptocurrency space, as it challenges traditional methods of token distribution and valuation. With the potential for significant market impact, stakeholders and potential investors are keenly watching the upcoming auction.
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