MegaETH's Layer 2 mainnet goes live today, but reports say the MEGA token will not be released until the project meets specified milestones. The holdback is framed as a risk-management step to prioritize security and readiness over immediate token distribution.
MegaETH refunded the full $500 million collected in its pre-deposit campaign after a chaotic launch exposed major operational and compliance failures. The team says refunds are complete while it investigates what went wrong.