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MegaETH’s MEGA token generation event launched Thursday, completing the seven-day countdown the project started after hitting its first ecosystem KPI on April 23.The launch marks the first live test of MegaETH’s unusual token release model, which ties 53.3% of supply to performance-based KPIs rather than a fixed vesting schedule.

Ethereum layer-2 network MegaETH will unlock its native MEGA token over time, and reward it to users, as key benchmarks are met.

MegaETH launched MEGA after 10 ecosystem apps met the first KPI target.MEGA’s token model ties 53.3% of supply to performance-based rewards.USDM supply rose above $300 million during the MEGA token launch period.