MegaETH confirms MiCA-compliant white paper, allocates 9.5% of tokens to team

Ethereum Layer 2 project MegaETH has confirmed the authenticity of its distribution white paper, which complies with the EU's Markets in Crypto-Assets (MiCA) regulation, The Block reported. Participants in the MEGA public sale will be required to complete Know Your Customer (KYC) verification, and EU residents must store their funds with a MiCA-licensed firm. The white paper also outlines the token distribution, allocating 9.5% to the team. Of the total 10 billion token supply, 70.3% is designated for the team, an ecosystem fund, and staking rewards, while 14.7% will be distributed to venture capital investors.