Overview
- The SEC issued a no-action letter that allows Megatel to proceed so long as it follows the model described for the MegPrime token.
- Megatel says token issuance will begin within weeks in Texas, with a nationwide rollout targeted by the end of 2026.
- The company markets MegPrime strictly for payments and rewards, not as an investment, and it grants no voting or profit rights.
- Users can earn up to 20% back on eligible spending and apply up to $25,000 of the prior year’s rent toward a future home purchase.
- The program includes a digital wallet and payment card with convertibility to U.S. dollars, plus optional mortgage-rate assistance up to two percentage points below market.