Announcing: The Conviction Round Over 5,000 natives selected for their verifiable onchain, social and Mega credentials. Today, with Fluffles and Echo, you are officially the largest stakeholders of MegaETH. Your $MEGA allocation is now live on our site. Details below [thread]

Thanks for your support. We'll be in touch.

USDm is integral to the MegaETH economy and will be supported by many Frontier applications. For this reason, we will re-open the $USDC <> $USDM conversion bridge ahead of Frontier mainnet to deepen liquidity, easing user onboarding prior to launch.

Depositor contributions will not be forgotten. All comms, however, need to follow compliance standards. (i.e. "we must adhere to best practices in our disclosures at this juncture") The refund process requires a new smart contract, currently under audit. Refunds shortly after.

We've decided to return all funds raised from the Pre-Deposit Bridge. Execution was sloppy and expectations weren’t aligned with our goal of preloading collateral to guarantee 1:1 USDm conversion at mainnet. How this decision impacts you:

https://t.co/hL0iIM0c3A

We've encountered unexpected issues throughout the process and are no longer moving forward with the $1B cap. We will be sharing a retro shortly. We'll also be including the ability for users to withdraw who no longer wish to participate. Apologies for the turbulence.

The purpose of this event is to get USDm into the hands of a diverse set of users. This will not impact previous participants. All MegaETH contracts remain secure and are audited by Zellic and Slowmist.

Unfortunately our 3rd party provider received too many requests resulting in downtime. The $250M cap filled within 156 seconds upon resolution. We've decided to increase the cap to $1B in an effort to give users access to USDm day 1. Bridge will reopen at 11am EST.

The ONLY link: https://t.co/tglOCe8aPt

Pre-Deposit Bridge is Live It will remain open until either: → $250M cap is hit → Frontier launches

A 3rd party API is experiencing issues at the moment. Our next tweet will come when the Pre-Deposit bridge is confirmed live.

https://t.co/he8n03UEKP

We've enabled the page for early Sonar verification. The pre-deposit contract will go live automatically at 9am EST, per the contract settings. The ONLY link:

https://t.co/fOArcafUEi

Reminder that this initiative is limited to those who have KYC'd through Sonar during our Public Sale and do not reside in restricted countries. Full country list with FAQ: https://t.co/tglOCe8aPt

MegaUSD Pre-Deposit Prep → Deposits open tomorrow (11/25) at 9a EST (time is automated and in-contract). → The site will go live ~1hr prior for Sonar verification. → $250M cap. Depositors will receive USDm unrestricted on MegaETH Mainnet in December.

Pre-heat the Frontier week

https://t.co/qu2Tn4TzAc

Reminder: Users who registered for the Public Sale are eligible for the $USDM Pre-Deposit Bridge. Live next Tuesday. https://t.co/TwyXErQxew

Additionally, some allocations were found in the hands of sybils. These are now $0 and their tokens will be added to a combination of: → The Rewards Campaign → Advancing Ethereum Decentralization The sybil hunt will be ongoing and any found prior to TGE will also be $0'd.