Whitepaper / System Overview
System Overview
Inputs → valuation → pool phase → pro-rata allocation → snapshot/claim.
Last updated:~1 min read
Users contribute assets on Solana (SOL & SPL) in Phase-1 and on major EVM chains in Phase-2. Each contribution is normalized to USD through a priority source stack. For a phase with pool Pₖ MEGY and total demand USDₖ, a user with contribution USDᵢ obtains:
allocᵢ = P_effective × (USDᵢ / USDₖ)
The P_effective depends on the phase floor policy. Settlement occurs at snapshot, after which users can claim their MEGY (optionally paying a small network fee, e.g., $0.5 in SOL). Admin/multisig governs feature flags (app_enabled, claim_open) and phase parameters, with audit logs and optional on-chain reference hashes to ensure traceability.