Magic Eden to Lead $ME Adoption as the ME Foundation Announces Comprehensive Tokenomics Details

The ME Foundation has announced comprehensive details of the tokenomics for its highly anticipated $ME token. The $ME token, set to drive the next phase of on-chain innovation, has been adopted by Magic Eden, a leading multi-chain, multi-asset on-chain trading platform.

ME Foundation has announced the complete tokenomics for its $ME token. The token will spearhead the next era of on-chain innovation, with Magic Eden, a top multi-chain, multi-asset on-chain trading platform, adopting $ME. ME Foundation unveiled the $ME tokenomics details via its official X account.

ME Foundation is thrilled to announce the $ME tokenomics. This tokenomics post covers the following:

- The next phase of innovation in crypto will be all on-chain. $ME is being adopted by Magic Eden, the top multi-chain, multi-asset onchain trading platform

- Magic Eden is the #1 Bitcoin DEX, #1 NFT platform, and is building a cross-chain mobile-native trading dApp to enable trading all digital assets across multiple blockchains

- With 80% market share for Ordinals and Runes and 60% share of NFT revenue, ME rewards users for trading NFTs and tokens on all supported chains

- The $ME token will fuel on-chain user activity with a rewards program debuting on Magic Eden’s platform. Users will earn $ME tokens by trading, staking, and participating in the ecosystem. Moreover, $ME holders will gain governance rights and earn rewards through staking, aligning the community’s interests with the long-term development of the protocols.

- Magic Eden's user-centric approach includes simplifying onchain participation via its mobile and desktop trading platform. This strategy aims to seamlessly onboard users into the onchain ecosystem, leveraging $ME's appeal across Solana, Bitcoin, and Ethereum Virtual Machine (EVM) blockchains.

$ME Tokenomics Structured for Long-Term Growth

The $ME tokenomics structure prioritizes sustainability and community involvement. Of the total supply of 1 billion tokens, over half will be allocated to the community and ecosystem over four years.

- 12.5% of the total supply will be available at the Token Generation Event (TGE), rewarding active users across the Bitcoin, Solana, and EVM ecosystems. Any unclaimed tokens will be redistributed to $ME stakers

- 37.7% will reward active users and ecosystem development. A portion will fund grants to creators and developers to expand the $ME ecosystem

- 49.8% will be allocated to contributors, advisors, and strategic participants, with a focus on long-term commitments realized through token lockup periods

- ME Foundation has established a Security Council to protect protocol and community assets. The council will oversee a multi-signature wallet capable of executing both emergency and non-emergency actions to maintain a secure environment for $ME holders