PANews reported on October 29 that, according to an official announcement, the public offering of the Layer-1 project MegaETH has officially ended. It attracted more than 50,000 participants, with a total subscription amount of $1.39 billion ($1.39 billion), representing an overall subscription ratio of 27.8 times.

The official statement indicated that the next phase will involve the allocation and refund process.

• Users who bid less than $0.0999 will receive an automatic refund;

• Users who bid $0.0999 will enter the allocation review stage, which will continue until November 5th, at which time the final allocation results will be announced and refunds will begin for users who are not allocated a share.