MegaETH Anti-Airdrop Declaration! Retail investors buy in on the same terms as Vitalik, returning to the spirit of ICO.

MegaETH has chosen a very retro fundraising method that promotes equality for everyone. The project did not raise funds at a high valuation, but instead focused on achieving equal access through interest binding. The Echo Sale sells 5% of its shares on Echo under the same conditions as Vitalik, Cobie, and Joe, yes, you are on the same starting line as the crypto giants.

MegaETH Anti-Airdrop Culture, Returning to the Essence of ICO Investor Community

To be frank, the “community” lacks a prefix: investors. The original Ethereum community was an investor community. The local Ethereum groups in London, Istanbul, and Milan were initiated by ICO participants, not by millions of airdrop hunters. MegaETH emphasizes that this public sale is not just fundraising, but an experimental concept, allowing the market to determine the project's rightful value with real money.

The old routine in the past was simple: raise a large amount of capital from first-level venture capitalists, offer airdrops, and call it a “community,” then sell the number of on-chain users to application developers, ultimately leading to selling air on centralized exchanges. Meaningless testnet interactions prevent us from accurately measuring the value provided by these users, and worse, it only attracts speculators rather than true evangelists.

Namik Muduroglu, co-founder and growth director of MegaLabs, pointed out that the current airdrop culture has created wrong incentives, allowing farmers to replace community believers. This criticism is becoming increasingly common in the crypto industry. The airdrop culture peaked from 2020 to 2021, with the governance token airdrop of Uniswap bringing early users thousands to tens of thousands of dollars in profits, which sparked the “airdrop mining” craze.

However, the side effects of this model are gradually becoming apparent. A large number of “witch attacks” (one person controlling hundreds of wallets) dilute the shares of real users, making it difficult for the project team to distinguish between genuine community members and professional exploiters. Worse, airdrop recipients often sell off their tokens immediately after they go live, putting immense pressure on the price. This culture of “claiming airdrops and running away” makes it difficult for projects to build a loyal long-term community.

MegaETH has chosen another way, rolling up our sleeves, taking our tools, and heading towards the masses. We directly message technical elite developers on Twitter, and we are looking for undervalued founders who want to build without constraints and launch a series of applications that the industry is proud of. Interestingly, many of the founders in the MegaETH ecosystem have started their entrepreneurial journeys from our proactive messages.

These teams have raised over $75 million in new categories such as attention markets (e.g., trading Mindshare's Noise) and click trading (Tap to Trade's Euphoira). Following in the footsteps of Ethereum, we may be the only blockchain that has raised financing beyond the chain itself (until this public sale). Of course, we might even be the only blockchain that has been repurchasing investor shares before the TGE.

Echo Sale Equal Rights Experiment with Vitalik on the Same Terms

MegaETH adopts a very retro fundraising approach, allowing everyone equal rights. We did not raise funds at a high valuation, but focused on achieving equal access through interest binding. The Echo Sale is selling 5% of shares on Echo under the same conditions as Vitalik, Cobie, and Joe. Yes, you are at the same starting line as the crypto giants, because everyone is part of the investor community.

This kind of equity commitment is extremely rare in the crypto industry. Typically, top investors and KOLs (Key Opinion Leaders) obtain large amounts of tokens at very low prices during seed rounds or private placements, while retail investors can only buy in at high prices after the public listing. This unequal structure concentrates wealth in the hands of a few, with ordinary participants becoming liquidity providers and the ultimate buyers.

The Echo Sale of MegaETH promises that all participants will engage under the same English auction rules, with no privileges for Vitalik Buterin, Cobie (a well-known crypto KOL), or Joe. The idea behind this design is: if the project is truly valuable, top investors are willing to participate at a fair price; if they demand privileges and discounts, it indicates a lack of confidence in the project.

Fluffles NFT offers another way to participate: no KYC, while maintaining anti-money laundering standards. Based on on-chain activities, we traced back 5,000 targeted invitations for investment to Onchain Degen. This method identifies those who are truly active on-chain, have participated in multiple DeFi protocols, and have held blue-chip NFTs, known as “whales” and “veterans”. These individuals typically possess rich experience in cryptocurrency and substantial financial strength; more importantly, they are active builders of the ecosystem rather than mere speculators.

MegaETH Equal Rights Participation Two Major Channels:

Echo Sale: Giants like Vitalik and retail investors participate on equal terms in English auctions.

Fluffles NFT: Tracing 5,000 on-chain active users for targeted invitations, no KYC.

With the mainnet about to launch, the public offering is about to begin. The collaboration with the Cobie team again will make the investor community the largest single shareholder in the MegaETH network. It is worth mentioning that it accounts for a larger share than both venture capital and team allocations. This commitment is revolutionary; it means that power is truly decentralized to the community rather than concentrated in the hands of a few institutions.

Application First Strategy $75 Million Verification of Ecological Value

So, how do you truly build an excellent blockchain? MegaETH believes that two things are needed: founders with strong beliefs and perseverance who can build groundbreaking applications; and a user base that helps iterate, validate, and scale the applications. This “application-first” strategy is completely opposite to the “build the chain first and then find applications” approach of most new public chains.

We directly messaged technical elite developers on Twitter, and we are actively looking for underestimated founders who wish to build without constraints. Interestingly, many founders from the MegaETH ecosystem have embarked on their entrepreneurial journeys, all starting from our proactive messages. This proactive BD (business development) strategy demonstrates the MegaETH team's emphasis on ecosystem building.

These teams have raised over $75 million in new categories such as attention markets (e.g., trading Mindshare's Noise) and click trading (Tap to Trade's Euphoira). Following in the footsteps of Ethereum, MegaETH may be the only blockchain to have applied financing that exceeds the financing of the chain itself (until this public sale). This achievement is extremely rare, proving the technical appeal and ecological potential of MegaETH.

When application developers are willing to raise tens of millions of dollars on a public blockchain that has not yet gone live, it indicates their strong confidence in the underlying technology. The 75 million dollars in application financing also means that these teams have sufficient funds for long-term development and will not give up due to short-term token price fluctuations. This lays a solid foundation for the ecological prosperity after the launch of the MegaETH mainnet.

Of course, it may even be the only blockchain that repurchases investor shares before the TGE. This detail is extremely rare and shows the MegaETH team's confidence in the project. Typically, project parties sell as many shares as possible to raise funds before the token goes live. But MegaETH goes against the grain by using its own funds to repurchase investor shares, an action that only occurs when the team believes the current valuation is severely underestimated.

Additional Token Reward Mechanism After Mainnet Launch

After the mainnet is launched, MegaETH will provide additional tokens to all participants in the public sale, even if they do not ultimately receive a share allocation. This commitment addresses a potential issue with English auctions: due to fierce competition, many people may not be able to obtain a share. However, MegaETH promises that even if they do not win a lottery, as long as they participate in the public sale, they will receive additional token rewards after the mainnet goes live.

This design creates a win-win situation. For those who win the lottery, they obtain the main share at the auction price. For those who do not win the lottery, although they cannot buy in during the public sale, they can still participate in the ecosystem through additional token rewards. This mechanism encourages more people to participate in the public sale, as even if they do not win, they will not leave empty-handed. At the same time, it filters out pure speculators, as participation requires going through KYC and a commitment to actual financial investment.

MegaETH establishes a non-consensus blockchain (this is a pun). On one hand, it pursues high performance while abandoning the retro broadcasting method to achieve consensus; on the other hand, it takes a non-mainstream high-performance route amid mainstream discourse. MegaETH combines centralized block production with maximally decentralized verification, thus adhering to the fundamental principles of blockchain in the face of extreme speed.

Our structure is closely linked to Ethereum, and our name also contains the word ETH. Frankly speaking, if Ethereum loses its decentralization or its token price goes to zero, our story will come to an end. This deep binding to Ethereum is both an advantage and a risk, but it shows MegaETH's value choice: to advance and retreat together with Ethereum, rather than trying to replace it.

These choices stem from objective physical laws. Our North Star is to solve high-performance problems, not to create a sci-fi novel for endless marketing. MegaETH is the only framework for building all high-speed cryptocurrency trading, often referred to as Endgame. We refuse to compromise, and we extend the same philosophy to the business level. This attitude is extremely rare in the hype-filled and packaged cryptocurrency industry, and it is the reason MegaETH attracts technological purists.