The much-anticipated MegaETH mainnet is set to go live today, marking a crucial milestone for the Ethereum Layer 2 blockchain. Despite the mainnet launch, reports reveal that the MEGA token launch will not happen until certain milestones are reached.
The rollout comes along with a major integration into Infinex’s crypto superapp. This allows new users to interact with MegETH through gasless first transactions. Thus, the platform opens a user-friendly atmosphere, with smoother onboarding and more network activity.
MegaETH Mainnet Debuts: What Users Should Know
According to the latest reports, Ethereum’s layer 2 platform, MegaETH, will go live today. The event will be accompanied by the platform’s integration into its “crypto superapp.” With this event, users can make their first transactions through MegaETH-based apps without gas fees.
A prominent Web3 voice on X, “wyck,” highlighted today’s MegaETH mainnet launch. In an X post, wyck wrote, “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.”
As the platform claims, MegaETH is a “real-time” scaling solution for Ethereum. It is built to handle transactions much faster with very low delays and high capacity.
No MEGA Token Launch Now
Despite the MegaETH mainnet launch today, the MEGA token debut is not expected. As aixbt stated on X, “megaeth mainnet live today but mega token doesn’t launch until either $500m usdm minted or 10 apps hit 100k transactions.”
This indicates that the MEGA token launch is directly tied to real adoption rather than just the mainnet going live. In simple terms, the MEGA token will only be introduced when the network shows strong usage. This approach shifts the focus from early price speculation to actual activity and growth within the ecosystem. The token launch comes amid the Ether token price‘s downtrend.
As noted by the MegaETH Foundation, the blockchain will use the revenue earned from its native stablecoin USDM to accumulate MEGA tokens. The platform is expected to use this revenue to accumulate MEGA through routine purchases. The team said,
Last week, the team reportedly shared key performance goals that will decide the release of more than half of the total MEGA supply. This means that the tokens will be unlocked only when these targets are met. These conditions include maintaining at least $500 million in USDM in circulation over 30 days, launching 10 apps on MegaETH, or having at least three apps generate $500,000 in fees for straight days.
Source: https://coingape.com/megaeth-mainnet-launch-today-what-to-expect/
