[MegaETH Announces TGE Within 7 Days After Achieving Any KPI, MEGA Will Feature Buyback and Auction Functions] Foresight News reports that MegaETH has disclosed the core functionalities of its token MEGA and the trigger mechanism for its TGE. MEGA will have two core features: first, the foundation will use all revenue generated by the native stablecoin USDM to buy back and accumulate MEGA; second, it will introduce the Proximity Markets auction system, where market makers and applications must use MEGA to bid for proximity to the sequencer, reducing end-to-end latency to below 1 millisecond. The value of priority fees will flow to MEGA. Meanwhile, MegaETH has set three key performance indicators (KPIs), and the TGE will take place within 7 days of achieving any one of them: 1. USDM's 30-day time-weighted circulation exceeds $500 million, with 25% of the circulation deposited into validation smart contracts for key applications; 2. Full deployment of 10 "Mafia" applications (including validation contracts, functional closed loops, and public frontends); 3. Three applications generate $50,000 in daily fees for 30 consecutive days. Additionally, Echo users, Fluffle, and Sonar participants will receive 20% of the token allocation on the first day of the TGE. All KPIs will be publicly tracked via a custom frontend starting February 9.