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

Key Takeaways

MegaETH has repurchased 4.75% of its equity and token warrants from pre-seed investors.
The move marks a strategic shift toward community-driven funding, away from traditional venture capital models.

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MegaETH, a blockchain layer-2 project focused on real-time DeFi infrastructure, today repurchased 4.75% equity and token warrants from its pre-seed investors.

The buyback reflects MegaETH’s strategic pivot toward community-driven funding models rather than traditional venture capital structures. The project has shifted toward public sales and community distributions to prioritize fair access for retail participants.

MegaETH is preparing for a token presale in auction format, emphasizing governance rights and staking features tied to its real-time chain capabilities. The platform targets millisecond-level latency for DeFi applications.

The move aligns with broader trends among blockchain projects reviving ICO-style models that focus on direct community involvement over traditional investor structures.