MegaETH , a highly anticipated Layer 2 (L2) blockchain, is releasing its token through a new form of ICO, a soulbound NFT mint for its pioneer collection, The Fluffle. The mint will take place on Feb. 12, with users minting 10,000 non-transferable NFTs that represent a minimum of 5% of the MegaETH token supply. 5,000 whitelist spots, which give users the right to mint, have been assigned to 80,000 eligible wallets based on various criteria . The token allocation is dynamic, reportedly designed to increase as the NFT collection evolves. The first minting batch will be split across two days. The first will include a small selection of users with guaranteed whitelists and/or free mints, followed by the larger portion of the whitelist the next day. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
