At 3 a.m. on December 5, Taipei time, Magic Eden Foundation launched the ME token airdrop inquiry page. Previously, Magic Eden released ME Token Economics. The total supply of tokens is 1 billion, of which 12.5% (125 million tokens) will be immediately unlocked and provided to eligible Magic Eden users for airdrop, and the other 22.5% The supply (i.e. 225 million ME tokens) will be set aside to incentivize future users of ME Foundation-related protocols and platforms.
Overall distribution principle
The ME token is designed to reward users of $SOL, Bitcoin and EVM wallets who provide economic power on the chain. It will be based on three factors: real users (Magic Eden calls them organic users), cross-chain activities and loyalty. The main aspect is to judge the ME airdrop market share.
Natural users can also be said to be real users of Magic Eden. The natural use of Magic Eden is a key part of ME allocation. The closer the wallet address behavior transactions are to real users, the more likely they are to receive rewards instead of natural transactions. The address has been discovered, which means that Magic Eden has screened out some witch users.
Some users on the X platform said that they had a large number of diamonds, but the market share of ME tokens obtained was relatively small, or they were judged to be unnatural users.
The four major sections of the query page
Source: Odaily Planet Daily
Magic Eden is a multi-chain protocol that covers both tokens and NFTs, and is preparing to cover 15+ chains by the end of the year. What makes this airdrop query different is that it allows users to connect multiple wallets, and the displayed ME is also multiple qualified wallets. Total amount available.
The airdrop is divided into four sections, and each section is superimposed to calculate the total number of airdrop tokens. The four sections are: one main section Rewards Tiers, and three secondary sections: LaunchpadBonus, Wallet Bonus, and Active OG Bonus.
Rewards Tier Main Section
Rewards Tier is the reward level of the wallet, and is also the main criterion for judging ME airdrop market share. Tier is related to the number of ME diamonds we mentioned. The number of diamonds is related to the transaction activity of the wallet connected to the user, but if the user has many If you match the wallet, you can all connect to the airdrop query interface, and its Rewards Tier will display the highest wallet level among all wallets.
The display level of Tier has nothing to do with the number of connected wallets. For example, if a user has multiple eligible wallets and conducts a small number of transactions on each wallet, then the user can gain more overall ME airdrop market share. But its Rewards Tier is lower; on the contrary, if the user only has a few eligible wallets and the transaction volume in each wallet is large, the user may have a higher Rewards Tier, but the transaction volume of several wallets can The ME market share obtained may be lower than the ME market share obtained by the total transaction volume of more wallets. Of course, users who only focus on one wallet address and have excellent data in all aspects do not need to go to such trouble.
So far, the highest grade I've seen is Tier 1 and the lowest is Tier 14, but the ME Foundation allocation rules website doesn't yet clearly list the correlation between diamond quantity and grade.
The data in the secondary section shows the best data from all connected wallets. For example, if a user has 3 wallets, one wallet has a lot of Launchpad activity, another has a lot of Wallet activity, and one wallet has been trading for a long time, then the distribution overall will show the best statistics for each wallet.
Launchpad Bonus
The evaluation criteria for Launchpad Bonus are mainly divided into: High, Medium, Low and - (representing zero). This section mainly includes NFT casting on MagicEden Launchpad and cross-chain casting. However, the use of Launchpad is regarded as a secondary criterion for the amount of airdrop rewards. If the wallet does not have a diamond balance, ME airdrop market share cannot be obtained by simply conducting Launchpad activities.
Wallet Bonus
Wallet Bonus also has four evaluation criteria: High, Medium, Low and - (representing zero), which represents wallet activity, including but not limited to NFT cross-chain transactions, cross-chain token swap in Magic Eden Wallet, rune transactions, Lucky Buy. (Odaily Note: Lucky Buy is a new feature launched by Magic Eden in September, allowing buyers to purchase NFTs below the market price. This feature uses a percentage-based system, which determines the percentage of the NFT price that the user wants to use and The user's probability of winning. Buyers can participate in the bidding when purchasing NFT. If the bidding is successful, Magic Eden will make up the difference, and the seller will still receive the full bid amount of the NFT. Even if the purchase is not successful, the NFT buyer will still receive it. "Diamond" incentive is also a way to earn Magic Eden diamonds).
Wallet activity is also a secondary criterion for the number of airdrop rewards. If the wallet has no transaction balance, ME airdrop market share cannot be obtained based only on wallet usage.
Active AND Bonus
Active OG Bonus represents user loyalty, and the judging criteria are: Yes and No. Active OG Bonus represents addresses that were the first to use the protocol in its early days and continue to be frequent today. This means that if a user is an early adopter but their address has not been used for a long time, it will not be judged as Active OG Bonus.
Source: Odaily Planet Daily
OG early judging criteria can be referenced in MagicTicket. MagicEden published a post in February 2022 stating that MagicEden will conduct a MagicTicket airdrop (a total of 30,602 pieces) based on its birth time (September 17, 2021) to give back to the Solana NFT ecosystem, specifically:
Users who make their first transaction within one month of its birth will receive OG Tickets (6,348 pieces);
Users who make their first transaction between mid-October and mid-December 2022 will receive Degen Tickets (7,162 pieces);
Users who make their first transaction after December 2022 will receive Normie Tickets (17,092 pieces).
Source: Odaily Planet Daily
MagicTicket winners have three types of benefits, including community management, rewards, and social networking. For example, you can create proposals, vote, and get more points (diamonds), whitelists, and airdrops.
Airdrop query tutorial
Airdrop query is divided into three steps:
Download the ME Wallet app on your phone and import your Magic Eden wallet using your mnemonic phrase. Previously, MagicEden launched the ME test currency application process, which can be used as a reference: (Magic Eden will soon open the testME airdrop application, and will familiarize you with the process in advance);
Click the scan function on the App to scan the QR Code of ME Foundation and sign in randomly on the mobile phone to log in;
Source: Odaily Planet Daily
After logging in, as mentioned above, users should connect as many wallets as possible that have done transactions on Magic Eden such as Bitcoin, Ethereum, $SOL, etc. The more qualified wallets added, the better.
Source: Odaily Planet Daily
After the connection is completed, you can see your allocated quota on the query interface.
Conclusion
The ME claim is set for December 10. Jack Lu, co-founder and CEO of Magic Eden, once issued an article listing some of the key points for ecological and community building after the launch of ME:
Magic Eden will become everyone’s entry point into the cryptocurrency industry and trade all assets on the chain;
Magic Eden is incorporating ME into its rewards program;
Execute all chains, all assets, and all community strategies to build a strong maxis community across cryptocurrency chains.
The current price of ME in pre-market trading on OKX fluctuates between 3.5 USDT and 4 USDT. Coinbase International Station also announced on November 20 that the ME perpetual contract will be launched on its Pre-Launch market to express support for Magic Eden. You may be able to look forward to it. First hand "Coinbase will include ME in the currency listing roadmap".
In addition to the recent resurgence of old altcoins and the continuous rise of new coins, the NFT sector tokens also saw good gains yesterday, with APENFT ($NFT) rising by 38.94%, SuperVerse ($SUPER) rising by 21.62%, and Apecoin ($APE) rising 18.85%, Blur ($BLUR) is up 6.84%. The market is turning and everyone seems to be not only focusing on meme PvP, but other sectors are also gradually picking up.
After ME goes online, we can’t really expect Magic Eden to give back some blood to NFT, but we may believe that ME, which is committed to “all chains and all assets”, will see good gains in the future.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reproduced with permission from: (PANews)
Original author: CryptoLeo
"Magic Eden is going to issue coins!" The ME coin airdrop query page is online, and the application steps can be viewed at once." This article was first published in "Crypto City"
