MegaETH is a new Layer 2 blockchain built on top of Ethereum, designed to make crypto applications feel fast enough to rival normal web apps. $MEGA also went live yesterday!
Its main idea is “real-time” execution rather than waiting for blocks to finalize, so transactions are processed almost instantly, with extremely low latency and very high throughput.
It’s still compatible with Ethereum’s ecosystem but under the hood it changes how transactions are handled by using a continuous, streaming-style execution model instead of batching them.
The goal is to support things that are currently awkward on crypto, like fast-paced games or live trading interfaces. Start exploring the MegaETH terminal and earn points!
Go set up the Terminal, because this will be your home base for the next 8 weeks. The Terminal has a few interesting sections. You see this week's featured apps.
MegaETH launched their Terminal and $40 million will be distributed over the next 8 weeks. Here's how to earn your share, step by step! It's farming season and the goal is to earn points.
Depending on how you rank against others, you will receive a share of the total airdrop! There's 2.5% of $MEGA supply so let's do it together and show what team work is the best.
You don't need a ton of capital or time to participate. You see your total points and leaderboard rank. I am starting my MegaETh journey on Hit One! Start spinning or arcade finance!
This is a fun perps app, where you can put in between $1 and $50 USD per round and Hit One will open a random high leverage (400x and more) short or long for you
Connect to the MegaETH Terminal in the profile section. Start spinning, start with a low amount to get familiar, you can cash out at any time. Turn profit guard on to protect you from most total losses
Having some fun on Prism by predicting the price of WTI Crude Oil, market ending soon! This dapp is both a DEX and a prediction market, built y the BadBunnz team!
It's a good place to do some swaps, and place a few prediction, as all Prism transactions will bring points on the MegaETH terminal! If you're a fan of sports... here's the place!
Next step was to draw to pokemon packs on Mnstr but both my draws were bad. It's random so maybe you are lucky! At least I am getting points for each pack I open!
Packs are priced between $50 and $1,250 USD, and expect an average loss of 10-20% per pack... unless you get lucky! You connect to Mnstr your X account. Good luck!
Click on the profile section in the top right corner, to top up the wallet and in the same place you will see "MegaETH"! Clock it to connect to the Terminal.
MegaETH is still early-stage and largely driven by its technical promise, so its real impact will depend on whether developers actually build on it and users show up.
ITS on MegaETH is a trading card game, you can buy booster packs and use them in-game. The booster packs have dynamic pricing, meaning with each purchase the price goes up.
If you plan to get exposure it might make sense to do that as soon as possible. Packs started close to $6 and now they are doubled in price! In this case early is good!
What to do on ITS? Connect your wallet and fund it, then pick a username. Connect to the MegaETH Terminal by clicking on your username, get few booster packs and open them.
The first season will run for 8 weeks so not a super long time frame... but long enough that most people will move on after few week. The best ROI is not in going hard for one week!
The secret is consistent action over the full period. Personally I'm planning to do some on-chain actions on MegaETH every day, and see which new apps are added to the terminal
Farming requires you to burn some capital unless you play it super safe by providing USDm/USDT0 liquidity. Pokémon packs, Fantasy Football, perps - expect losses.
That's okay at some extent because there will be an airdrop at the end of this. Just make sure you don't blindly burn money. There are also lot's of other events to tap in!
I've seen this $30,000 campaign on Rolly, where chads are invited to get some $MEGA and other prizes. This campaign is for $MEGA holders, made to honour the launch of MegaETH.
Rolly opens the XP drop for all users holding $MEGA on their balances. You have to pass Level 1 quests for XP, then verify the wallet with your holdings and you are in! Snapshot closes in 7 days!
Cool stuff I want to share:
Claim your Zerion XP!
Play2Earn: Splinterlands & Holozing