Preview the MegaETH New Auction Process Enter the official website, https://token. (megaeth.com)/， After starting a new auction, users can enter the Auction Hall page. The key data includes: Total Bid Amount Number of bidders participating in the auction Table of Top Bids FDV (FDV at current clearing price) corresponding to the current clearing price Because the renewal process follows the British auction model, the most crucial indicator here is the Clearing Price. Clearing price mechanism When the total subscription amount is sufficient to purchase all sellable tokens at a certain price, that price becomes the liquidation price. Example: 500M pieces of MEGA are available for sale. If someone subscribes for 50000 pieces at 0.0001 per piece, which is exactly the limit, 0.0001 becomes the liquidation price. If subsequent investors still want to enter, they must offer a higher price. Assuming that a new batch of participants are willing to bid 0.01 per piece (corresponding to 100M FDV), a subscription amount of 5000000 is required to activate this clearing price (0.01 × 500M). Once this price is reached: The original bidder of 0.0001 will be forced to raise the price to>0.01 in order to receive distribution. The price increases as a result. Theory is sufficient, let's move on to practice: how to bid and bid? Max Token Price: This is your bid. Deposit Amount: The amount of funds you contribute to the new account can be added at any time until the cumulative amount reaches 186282 (the maximum limit for a single account). What if you wake up and find that the liquidation price has risen higher than your bid? No problem, the funds you deposit into the platform will be automatically refunded to your account, and you can continue to raise the price to grab tokens. Tell me the most crucial bidding strategy, how to bid? First, let's talk about the conventional strategy: real-time tracking of the clearing price within the system, and if it is lower than your bid, it can be raised at any time. Speaking of the upper limit strategy: simply fill in the upper limit of 0.0999, and then do whatever you need to do (once you enter the over fundraising state, you can only fill in 0.0999, and at that time, everyone will have a unified price. At this time, it depends on who has more quota given by the system, which will be discussed in detail below). Why is there this strategy? Because this time the new bid is based on the "Uniform Clearing Price" mechanism, which means that all the final winning bidders will transact at the same price. You wrote the highest price of 0.0999, which is to tell the system: within 0.0999, I am willing to participate in the transaction. You can watch it. At first glance, the final transaction price of the two strategies is the same, but there is also a difference in the quota. If you enter the over fundraising war, the upper limit strategy can ensure that you are always in the distributable pool, and you can often get more allocation quota in the end. The only cost is that the funds are fully locked until the auction ends (because your bid is already the highest and cannot be withdrawn due to low price), sacrificing liquidity in exchange for certainty; However, conventional strategies may result in being squeezed out of the distributable pool due to low bids, leading to insufficient participation throughout the entire process. The amount obtained may be lower, but the funds remain liquid and can be withdrawn on camera. Locking period option Non US residents: can choose to lock in for 1 year according to their wishes, receive priority distribution rights in case of over fundraising, and enjoy a 10% discount. US residents: This option is mandatory and has no way out. Orders can be placed at any time during the auction period, but cannot be changed back. Super fundraising scenario When the available tokens have been sold out and the cumulative bid exceeds 49.95M (approximately 0.0999/token x 500M, which is the upper limit), the only thing that can be done at this time is to complete personal information, connect social media accounts+additional wallets to meet the token allocation weight criteria (Allo Criteria), and wait for the final allocation of the quota.