MegaETH repurchases 4.75% equity from pre-seed investors ahead of token sale

MegaETH, a blockchain layer-2 project specializing in real-time DeFi infrastructure, has repurchased 4.75% of its equity and associated token warrants from its pre-seed investors. This action signifies a strategic shift away from traditional venture capital influence and toward community-led funding models, prioritizing fair access for retail participants through upcoming public sales. MegaETH is preparing for a token presale structured as an auction, which will emphasize governance rights and staking features linked to its chain's millisecond-level latency capabilities for DeFi applications. This strategy mirrors a broader trend in the blockchain space favoring ICO-style models focused on direct community involvement.

(Source：Crypto Briefing)