Interested participants should finish their KYC registration, wallet address verification, and accreditation (for U.S. investors only) during this period.

The open bidding period starts at 1pm UTC on October 27th and runs for 72 hours. Bidders commit USDT on Ethereum mainnet to reserve $MEGA tokens. The bidding process will follow the English Auction format with a ceiling price ($ 0.0999).

Allocations will be calculated during this period. Non-winners receive their refunds in full once the calculation is complete. If oversubscribed, bid and additional profile information (social media, GitHub, additional wallet addresses, etc.) that demonstrates past engagement in the MegaETH and Ethereum communities will help determine your allocation. Selection of the lock-up may help with your allocation if you don’t qualify for the onchain and social criteria. Please make sure to complete your profile before the sale ends.

Allocation winners who wish to give up their allocations can choose to withdraw their bids entirely during this period to receive a full refund in USDT to their wallet addresses on Ethereum mainnet.

Any forfeited tokens will go towards committed allocation winners whose allocations were partially filled. Any unused/unallocated funds will be refunded. Those who have a 1-year lockup will receive 10% of their token purchase back.

Once the MegaETH mainnet goes live, eligible users (Fluffle holders and anyone who attempted to get allocation in the Echo or Public Sale) have an opportunity to receive additional tokens after actively using apps in the MegaETH ecosystem.

When $MEGA becomes available, they will be distributed to wallet addresses automatically. For those who select or are subject to the 1-year lockup, they will receive the tokens one year after this date.