Megaeth Public Sale, an Airdropless Renaissance

Source: Namik (Megaeth CSO)

We have built a non-consensus blockchain (this is a pun). On one hand, it pursues high performance by abandoning the old-fashioned broadcast for achieving consensus, and on the other hand, it takes a non-mainstream high-performance route in the mainstream narrative.

The block production concentration in Megaeth combined with maximal decentralized validation has thus upheld the blockchain's fundamental principles in the face of extreme speed. Our architecture is closely linked to Ethereum, and our name also includes the word ETH. Frankly, if Ethereum loses its decentralization or its token price goes to zero, our story will end.

These choices stem from objective physical laws. Our guiding star is to solve the high-performance problem rather than to build a sci-fi novel for endless sales pitches.

Megaeth is the sole architecture building all cryptographic high-speed transactions, often referred to as the Endgame. We refuse to compromise, and we extend the same principles to the business aspect.

So, how do you truly build an excellent blockchain?

We need two things:

· Founder: A founder with unwavering belief and perseverance, capable of building a groundbreaking application.

· Users: A user base that helps iterate, validate, and scale the application.

The old playbook was simple: raise a large sum of money from tier-one VCs, conduct an airdrop, and label it as "community-owned." Post "community-owned," pitch the number of on-chain users to app developers, eventually leading to selling air to centralized exchanges. Meaningless testnet interactions make it impossible to accurately measure the value these users bring, and worse, it only attracts speculators, not true evangelists.

We chose a different path, rolled up sleeves, took our farming tools, and went to the grassroots. We directly DM elite developers on Twitter, seek out underestimated founders who aspire to build unconstrainedly and launch a proud suite of applications. Interestingly, many founders in the Megaeth ecosystem embarked on their entrepreneurial journey starting from our proactive DMs.

These teams have raised over $75 million in funds in new categories such as attention markets (e.g., Mindshare of transactions) and click trades (Euphoria of Tap to Trade).

Following in Ethereum's footsteps, we may be the only blockchain application whose funding surpassed that of the chain itself (up until this public sale). In fact, we might even be the only one to have bought back investor shares before the TGE.

The second goal is to build a "community"

Frankly, this is a term that I didn't really believe in before the project launched. "Community" lacks a prefix: investors. The original Ethereum community was just an investor community. The local Ethereum communities in London, Istanbul, and Milan were all started by ICO participants, not millions of airdrop hunters.

Therefore, we took a very old-school approach to fundraising to make it equal for everyone. We didn't fundraise at a high valuation but focused on achieving equal access through stakeholder alignment:

Echo Sale: Selling 5% of the stake on Echo under the same conditions as Vitalik, Cobie, and Joe. Yes, you and the crypto heavyweights are on the same starting line because everyone is part of the investor community.

Fluffles NFT: No KYC required, while maintaining anti-money laundering standards. Based on on-chain activity, we identified 5,000 Onchain Degen for targeted invite-only investment.

As we prepare to launch the mainnet, the public sale is about to begin. Another collaboration with Cobie's team will make the investor community the largest single shareholder in the MegaETH network. Worth noting, it will have a larger share than even venture capitalists and the team.

After the mainnet launch, we will provide additional tokens to everyone who participated in the public sale, even if their final purchase did not receive a share allocation.

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This article is a contributed submission and does not represent the views of BlockBeats.