Quick Read on MegaETH Testnet Interaction Strategies.
Written by: KarenZ, Foresight News
Recently, the highly anticipated real-time blockchain MegaETH launched its public testnet. Regarding the hot topic of "whether participating in the MegaETH testnet interaction can earn airdrops," the official response was clear: "Public testnet participants will not receive airdrop rewards. This testnet aims to conduct technical stress tests, assist developers in overcoming technical challenges, achieve breakthroughs, and allow users to experience various functions of real-time applications."
Although the official denied the possibility of direct airdrops from the testnet, information on the official page indicates that MegaETH employs a dynamic design for the token distribution of its official NFTs, which is an important component of MegaETH's broader distribution plan. Many community users believe that actively participating in testnet interaction activities may provide opportunities to receive MegaETH token airdrops and possibly airdrops from ecological projects.
The 10,000 soul-bound NFTs issued by MegaETH—"The Fluffle"—feature a unique dynamic adjustment mechanism. Each NFT is categorized into multiple evolvable stages based on the user's different activity levels; the higher the stage level, the more substantial the rewards for the holder. When "The Fluffle" was issued, some NFTs were distributed through free airdrops, while the rest were sold at a price of 1 ETH each. This series of NFTs represents at least 5% ownership of the MegaETH network. Tokens distributed in this manner will release 50% at TGE, with the remaining 50% gradually released linearly over six months. Notably, if users achieve specific KPIs, they can accelerate the token release speed. Therefore, users holding "The Fluffle" NFTs need to interact more with the MegaETH network to obtain more or faster-released rewards.
In the MegaETH ecosystem, projects selected for its flagship accelerator program "Mega Mafia" will be specially noted in this article. Below is a summary of some projects that have launched on the testnet or are worth paying attention to, along with interaction strategies.
GTE (Selected for Mega Mafia)
GTE is a decentralized exchange based on MegaETH, which has previously raised $10 million through three rounds of financing, including $1.5 million in Pre-Seed funding, $6.942 million in Seed funding, and $2.5 million in community funding from Echo. GTE's venture capital investors include Maven 11, Wintermute, Flow Traders, Robot Ventures, IMC Trading, and Guy Young from Ethena.
In addition to trading, GTE also supports liquidity provision and one-click token issuance. In the one-click token issuance, 80% of the token supply is reserved for sale on the joint curve, while the remaining 20% is reserved for the AMM pool after "graduation."
Interaction Strategy: Trading, providing liquidity, testing Takeoff.
https://testnet.gte.xyz/
Teko Finance (Selected for Mega Mafia)
Teko Finance is a lending platform in the MegaETH ecosystem that supports low-collateral lending and ensures the safety of both parties through a micro-liquidation mechanism. Teko Finance's partners and supporters include Ambush Capital, CMS Holdings, and its advisor is @0xSnarks, founder of the Hyperliquid ecological lending platform Sentiment. Currently, Teko Finance supports joining the waitlist.
Interaction Strategy: Minting test tokens, lending tokens, collateralizing assets to borrow tokens.
https://testnet.teko.finance/mint
CAP (Selected for Mega Mafia)
CAP is a stablecoin engine that supports the issuance of stablecoins pegged to USD, BTC, and ETH. Each stablecoin has two forms: interest-bearing and non-interest-bearing, with the former generating returns from proxy strategies and increasing in value, while the latter is pegged to its underlying asset.
Proxies will include market makers, MEV participants, DeFi protocols, RWA companies, and other entities capable of generating returns under reasonable risk conditions. CAP utilizes shared security to protect stablecoin holders from risks associated with proxy activities.
CAP Labs announced the completion of $1.9 million in Pre-Seed funding in the second half of 2024, with angel investors including Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited, and Kain Warwick, founder of Synthetix.
Interaction Strategy: Minting testnet-cUSD, converting USDC to bcUSD.
https://cap.app/testnet
RainMakr
RainMakr is a MegaETH ecosystem Launchpad that offers AI proxy Launchpad "RainAI," Meme Launchpad "RainPump," and IDO Launchpad "RainLaunch." The official statement indicates that 100% of the fees will be used to repurchase RAIN tokens.
RainMakr has launched an incentive testnet this month, which will run until May 7, 2025. The RainMakr incentive testnet is an activity to stress test RainAI and RainPump before the RainMakr mainnet launch (lasting six weeks).
Interaction Strategy: Trade on RainAI and RainPump to accumulate trading volume, compete on the leaderboard, with top-ranked users sharing 60% of the RAIN in the mainnet airdrop pool. This requires completing some social tasks. Additionally, users can test features like creating AI proxies.
AWE (Selected for Mega Mafia)
AWE is a game engine that supports faster and more open transformation of ideas into 3D experiences, such as AI simulations, crypto games, galleries, etc. Currently, only the Whack A Fluffle mini-game is available on the website. Whack A Fluffle is similar to a whack-a-mole game, where rabbits randomly pop out of holes, and the goal is to hit the rabbits' heads with the mouse to send them back into the holes, increasing the player's score.
Interaction Strategy: Experience the Whack A Fluffle mini-game and earn points by hitting the popping-up rabbits.
https://awe.box/
Nectar AI (Selected for Mega Mafia)
Nectar AI is an AI virtual companion generation platform that currently allows users to earn points through daily logins, spinning Gachapon, creating images, videos, and some social characters.
Nectar AI recently launched the digital realm "Nectar Love Island," supported by AWE, where users can exchange Nectar points for LOVE tokens, which will grant access opportunities.
Interaction Strategy: Earn Nectar AI points and exchange Nectar points for LOVE tokens.
https://love.nectar.ai/
Bebop
Bebop is a multi-chain DEX and API platform incubated by Wintermute, supporting Ethereum, Arbitrum, Base, Berachain, BNB Chain, Polygon networks, and also supports Monad and MegaETH.
In addition to trading one token for another, Bebop allows users to trade one token for up to five tokens in a single transaction or trade multiple tokens for one token. Bebop's official website shows that it does not have its own token.
Interaction Strategy: Trading.
https://bebop.xyz/trade?network=megaeth
Other projects that have not yet launched on the testnet but are worth noting and have been selected for Mega Mafia include:
- Avon Protocol (@avon_xyz): Introduces limit orders in on-chain lending.
- Euphoria (@Euphoria_fi): Supports derivatives trading, social trading, and provides a gamified experience covering points, rewards, etc.
- HopNetwork (@Hop_Network): Building a decentralized, anonymous, secure, and fast VPN, significantly reducing the latency burden experienced by users using MegaETH.
- Noise (@noise_xyz): A trend trading platform where trends are assets driven by public opinion.
- Pump Party (@pumppartyapp): A real-time interactive game show that allows users to chat live, stream, and win prizes. Pump Party is set to launch its first season.
- Valhalla (@valhallaperps): A decentralized perpetual contract trading exchange in the MegaETH ecosystem. In December 2024, Valhalla announced the completion of $1.5 million in Pre-Seed funding, led by Robot Ventures, with participation from GSR and others.
Here are the methods to add the MegaETH testnet and faucet links:
1. Add MegaETH Testnet to Wallet:
Name: MEGA Testnet
Chain ID: 6342
Native Token: MEGA Testnet Ether (ETH)
RPC URL: https://carrot.megaeth.com/rpc
Explorer: https://megaexplorer.xyz
2. Faucet
Official Faucet: https://testnet.megaeth.com#1 (up to 0.00002 testnet ETH every 24 hours).
Claim cusd at https://cap.app/testnet, then exchange it for ETH in the DEX.
https://www.gas.zip/faucet/megaeth (claim 0.00002 ETH every 24 hours)
Recommended Reading:
"What is MegaETH that gained Vitalik's favor and exploded overnight?"
"A Comprehensive Overview of the 'Hot Favorite' MegaETH Ecosystem Projects"
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