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Crypto

MegaETH Pre-Deposit Launch Sparks Backlash Over Vague Incentives and Low Rewards

11/24/2025, 10:08
11/24/2025, 16:38
AI SUMMARY
●• MegaETH pre-deposits are live, but face backlash over a low ~2.5% farming allocation and high entry barriers.
●• Traders criticize vague "consideration" incentives instead of a clear points system, leading to skepticism.
●• Participants are opting for minimum deposits to hedge eligibility due to unclear rewards and fatigue.
The pre-deposit phase for MegaETH has officially commenced, allowing users to bridge USDC to USDm on the Mega mainnet. This event marks the beginning of the farming campaign for the upcoming network. However, discussions within the trader community have highlighted significant hesitation and dissatisfaction. The primary point of contention is the perceived low reward structure. Traders have criticized the approximately 2.5% token allocation designated for farming, viewing it as insufficient relative to the effort and risk involved. Dissatisfaction is further compounded by high entry barriers, which many feel create exclusivity for large holders, leading to a sense of fatigue among retail participants regarding low-reward pre-deposit incentives. Adding to the frustration is the lack of clarity regarding the incentive mechanisms. Official communication states that pre-depositors will receive "consideration towards the Rewards Campaign," a vague phrasing that has left traders guessing about the actual value of participation. The absence of an explicit points system has disappointed users looking for clear ROI. Consequently, some participants are opting for minimum deposits merely to hedge against potential future eligibility requirements, rather than committing significant capital. [Update 1] Additional community feedback highlights specific concerns over the vague language used by the project, such as promising "consideration" rather than definite points. This ambiguity has led some traders to deposit only minimum amounts as a low-cost hedge for future eligibility.

Sources (1)

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