Key Updates (November 2024)
- Airdrop Date: December 10, 2024
- Estimated Value: $500M (based on pre-market trading at $2.50 per token)
- Total Rewards Pool: 125 million $ME tokens
Magic Eden Overview
Magic Eden, originally a Solana-based NFT marketplace, has evolved into a multi-chain trading platform supporting NFTs and tokens across blockchains.
👉 Explore Magic Eden's decentralized exchange for Bitcoin runes and meme coins.
Recent Milestones:
- Launched a Bitcoin DEX for Runes trading.
- Holds 80% DEX market share for Ordinals/Runes.
- Commands 60% revenue share in NFT platform sales.
$ME Tokenomics
| Category | Tokens Allocated |
|----------------------------|----------------------|
| Community Rewards | 125M (12.5%) |
| Active User Rewards | 225M (22.5%) |
| Ecosystem Development | 152M (15.2%) |
| Contributors/Advisors | 262M (26.2%) |
| Strategic Participants | 236M (23.6%) |
Total Supply: 1 billion $ME tokens.
Utility of $ME Tokens
- Platform Integration: Used for Magic Eden’s rewards program.
- Cross-Chain Compatibility: Works on Solana, Ethereum, and Bitcoin.
- Governance: Holders gain voting rights on protocol upgrades.
- Staking: Earn passive income by staking tokens.
Airdrop Details
- Lifetime Rewards: The airdrop campaign is perpetual.
- Eligibility: Check wallets via Magic Eden’s upcoming eligibility portal.
"Magic Eden aims to be the universal gateway for on-chain trading, unifying digital ownership across all chains."
— ME Foundation
FAQs
Q1: How do I qualify for the airdrop?
A: Participate in Magic Eden’s rewards program by trading NFTs or tokens on their platform.
Q2: When can I stake $ME?
A: Staking goes live after the Token Generation Event (TGE).
Q3: What’s the value of the airdrop?
A: Estimated at $300M–$500M, depending on market conditions.
👉 Learn more about earning crypto rewards.