MegaETH Mainnet Launch Today: What Users Should Know
Today, MegaETH’s mainnet will officially launch, marking an important step for Ethereum’s layer 2 blockchain and the entire ecosystem. Besides the technological advancements, the platform will launch with a unique and exclusive partnership with Infinex’s crypto superapp.
As a result, first-time MegaETH users will be able to first-time MegaETH users will be able to transact on the blockchain and avoid gas fees. This will allow users to avoid paying gas fees on their first blockchain transaction, Ultimately, the goal is to allow users to transact on the blockchain, avoid gas fees, and perform MegaETH and avoid the gas fee transaction hurdle from day 1 of MegaETH.
MegaETH claims to provide “real-time” scaling solution for Ethereum by processing large volumes of transactions with little delay. It’s architecture is based on rapid, efficient processing, creating an efficient environment for developers and users to communicate with the dApp.
Prominent Web3 commentator wyck, stated, most of today’s launch will focus on ecosystem engagement rather than the token price. He stated, “We’re getting MegaETH mainnet in a few hours, just without the TGE. So attention won’t be on price, it’ll be on activity. This shows MegaETH is focused on usage, as opposed to just the price of the token.”
MegaETH intends to focus the launch of their mainet on the token, giving the mainet launch a more meaningful incentive than most other launches. Most notably, launch of the MEGA token is not expected to occur at the same time as launch of the MegaETH mainnet, and is expected to launch at a later date.
This was previously predicted by X user aixbt, stating, “megaeth mainnet live today but mega token doesn’t launch until either $500m USDM minted or 10 apps hit 100k transactions.” Later, speculation shifted toward expected attainment of these milestones, closing the gap between the desired launch of the MEGA token and the actual launch of the MegaETH mainnet.
This most likely closing gap became more probable as the launches, milestones, and MEGA token became more distant. That said, the expected launch of the MEGA token will be indicative of the real-world adoption and usage of the MegaETH mainnet, shifting the focus from close-in-constraints to far-extended variables.
The MEGA token release conditions have been made public by the MegaETH Foundation. MEGA tokens are released based on the earnings made by the blockchain through its native stablecoin, USDM. MEGA tokens are bought using USDM revenue, which results in the tokens being released in a gradual and controlled manner based on demand.
Performance targets will need to be achieved prior to the unlocking of more than 50% of the total MEGA tokens. Such targets include 500 million USDM in a 30 day period, 10 apps developed and launched on MegaETH, 3 apps that achieve $500,000 in fees for 3 consecutive days.
Focusing on network activity and adoption rather than the short sighted speculation on tokens, MegaETH has been more conservative in its approach. The smoother onboarding, engagement, and sustained activity is anticipated from the combination of the mainnet launch, first gasless Infinex superapp transactions, and the MEGA token launch. The current priority is for constructing a sustainable and usable Ethereum Layer 2 ecosystem, which will be coupled with the MEGA token launch.
