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.

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