〽️ᄃムt 🐾@mztacat
MegaETH Mainnet: Introduces its KPI Reward
launches Feb. 9th and Analysis.
MegaETH ties MEGA token supply unlocks to protocol KPIs
- Will release 53% of $MEGA supply only as key protocol milestones are achieved via a conviction-model
Unlock KPIs:
- Ecosystem Growth: TVL & stablecoin supply
- Decentralization: (MegaETH target is becoming a Stage 2 L2 - it's currently centralized)
- Performance: TPS is a Mega Metric for $MEGA
- Ethereum Alignment: tied to client diversity and private order flow
When KPI's are achieved, rewards are distributed to holders who locked their $MEGA = I see this no different from staking.
Total supply: 10B $MEGA
- Public sale allocation: 500M $MEGA (5% TS)
- Major allocations: ~53.3% for KPI/staking rewards
~14.7% to venture investors/VCs.
~9.5% to team & advisors.
~7.5% to foundation/ecosystem reserve.
Other portions for early investors (e.g., Echo round, Fluffle NFT holders, etc.)
Obviously, removing sugar coating, this is already a low-float at TGE and months to come, as KPI matures, rewards are distributed to much more aligned staked participants over time.
Based on @l2beat : l2beat.com/scaling/projec…
- Centralized sequencer, uses EigenDA and does not settle on Ethereum directly. Hence, the roadmap to a Stage 2, L2.
For context, Stage 2 means a single L2 has achieved the highest level of maturity and security, essentially "fully managed by code" with no significant centralized points of control or failure.
E.g:
- Stage 0's are mostly centralized control by operators
- Stage 1 are mostly governed by smart contracts, with safeguarding still
- Stage 2 are fully decentralized, permissionless fraud/validity proofs, very restricted or no override powers for any security council
Technically, @aztecnetwork is one of the very few networks that already meets Stage-2 criteria, though not officially tagged by @l2beat yet.
Notably, earlier systems like Aztec v1 (zkMoney) and Etherscription were classified as Stage-2, while even a network as large as Arbitrum remains at Stage-1.
Market rely on vibes and hype before tech. so yeah, let's hope for the best.
gMega, gAztec. GM