bitcoin
bitcoin

$99290.84 USD 

1.25%

ethereum
ethereum

$3295.70 USD 

-1.54%

tether
tether

$1.00 USD 

-0.02%

solana
solana

$255.16 USD 

0.45%

bnb
bnb

$625.03 USD 

0.40%

xrp
xrp

$1.46 USD 

22.93%

dogecoin
dogecoin

$0.402177 USD 

4.19%

usd-coin
usd-coin

$0.999964 USD 

0.00%

cardano
cardano

$0.982218 USD 

24.17%

tron
tron

$0.201403 USD 

1.24%

avalanche
avalanche

$40.11 USD 

11.76%

shiba-inu
shiba-inu

$0.000025 USD 

1.46%

toncoin
toncoin

$5.51 USD 

0.54%

stellar
stellar

$0.346991 USD 

42.35%

sui
sui

$3.47 USD 

-3.04%

Cryptocurrency News Articles

Magic Eden Unveils Its $ME Token, Signaling a Major Shift in the NFT Industry

Sep 04, 2024 at 07:58 pm

Magic Eden has just unveiled its latest innovation: the $ME token, set to become the primary token for its bustling NFT marketplace.

Magic Eden Unveils Its $ME Token, Signaling a Major Shift in the NFT Industry

NFT marketplace Magic Eden is set to introduce its own token, called $ME, which will serve as the ecosystem token for the platform. This move is part of Magic Eden's broader strategy to expand beyond just NFT trading.

The $ME token will facilitate cross-chain trading of digital assets, enabling users to seamlessly trade various cryptocurrencies and NFTs across different blockchains. This shift aligns with Magic Eden's goal of becoming a more versatile platform within the growing Web3 ecosystem.

The launch of the “$ME” token is part of Magic Eden's efforts to incentivize user participation and encourage the adoption of its open-source protocols. Users will be able to claim the token through the Magic Eden wallet, which is designed to support both NFT and fungible token trading.

It is expected to launch within the next several months and will serve as the official ecosystem token for Magic Eden. $ME token holders will be able to participate in a decentralized autonomous organization (DAO), although details on its structure have not been disclosed.

ME Foundation stated in an X post that the $ME claim will be in the Magic Eden Wallet, which is available on iOS and Android. The Magic Eden Wallet was released on August 21, 2024. ME Foundation said that after claiming the airdrop, $ME incentives will live in the wallet.

News source:cryptotvplus.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 23, 2024