MegaETH Foundation announced that it will use the protocol revenue generated by its stablecoin USDM for regular buybacks of MEGA tokens. The officials stated that USDM is a core asset of the MegaETH ecosystem, and as the scale of applications expands, the increase in USDM circulation will further strengthen MEGA's buyback efforts. (The Block)https://t.co/KigudAfDek
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for a megaeth to happen, one of these KPIs have to be met
(see images)
not surprised btw, the mega team have been known for trying new things and talking bold steps
would love to see how this plays out https://t.co/wVIpj0NlMV
*tge
Wanted to go balls deep on both
What a save
Remaining opensea to fuck me
Update on MegaETH tge; Launch has been postponed till further notice under few condition
TGE will trigger 7 days after any one of these three KPIs is met:
- $500 million in circulating USDM (their native stablecoin,
+ 30-day weighted average
+ at least 25% held in smart contracts of key ecosystem applications.
- 10 Mega-Mafia apps
+ Fully deployed and LIVE
+ collectively processed >100,000 transactions across >25,000 unique wallets.
- 3 apps generating $50K+ in fees over a 30-day period.
First trigger ( 500M is easily achievable - if they want, its simple - MM will get that done).
Meanwhile, Aztec from this quoted tweet is trading -30% pre-launch
- Those who skipped the sale WON! 🍾
- MegaETH participants are on standby (better to launch later than now).
- If you participated in both you're totally-cooked
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