MegaETH’s MiCA whitepaper reveals tokenomics with 9.5% team allocation, novel sequencer infrastructure features
MegaETH confirmed its MiCA-compliant whitepaper details tokenomics, including a 9.5% team allocation and novel sequencer rotation and proximity market infrastructure.Summary
Ethereum Layer 2 protocol MegaETH confirmed the authenticity of its Markets in Crypto-Assets (MiCA) compliant whitepaper, which outlines plans for a regulated public token offering and technical architecture. The tokenomics reveal a modest 9.5% allocation for the team out of a 10 billion MEGA supply, with 53.3% reserved for KPI staking rewards to bootstrap activity. The protocol introduces two novel infrastructure features: sequencer rotation, where operators stake $MEGA to secure global operational windows that track economic days, and proximity markets, which create an onchain, tradable market for low-latency access near the sequencer. Compliance with MiCA mandates KYC checks for token sale participants and names OKCoin Europe Limited as the licensed custody provider, reflecting the trade-off between accessing EU investors and adhering to strict investor protection rules.
(Source：The Block)