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Cryptocurrency News Articles
Magic Eden Reveals 125 Million $ME Rewards for Airdrop
Nov 21, 2024 at 02:50 pm
ME Foundation, a non-profit foundation that supports behind NFT Marketplace Magic Eden, announced the tokenomics of $ME, the ecosystem's native token, with 12.5% for its community rewards.
ME Foundation, the non-profit foundation supporting NFT Marketplace Magic Eden, has announced the tokenomics of $ME, the ecosystem’s native token, with 12.5% allocated for community rewards.
Significance: Paldo? With the pre-market of $ME priced at $2.50, and 125 million tokens allocated for the airdrop, the total amount of rewards to be distributed is expected to be at least $300 million.
What is Magic Eden? It is a decentralized NFT marketplace on Solana.
New Feature: Recently, it introduced a decentralized exchange (DEX) for Bitcoin-based runes that are created as meme coins.
The Numbers: Magic Eden currently holds
“Magic Eden is the #1 BTC DEX, #2 NFT platform, and building a cross chain mobile-native trading decentralized app (dApp). Their vision for the future is to make digital ownership universal. To accomplish this goal, Magic Eden will be the entrypoint for all crypto users to go onchain and trade all assets on all chains in one platform”
About $ME: According to the ME Foundation, $ME will be adopted by Magic Eden for its platform.
“Magic Eden will unveil the broadest onchain trading rewards program. Users will be able to stake, trade, and earn $ME for trading NFTs and tokens on all chains. More information will be shared after TGE.”
About the Airdrop: It should be noted that the rewards program of Magic Eden is lifetime—so its airdrop campaign will also last forever.
This article is published on BitPinas: Magic Eden Announces 125 Million $ME Rewards for Airdrop
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