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Key points to remember
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
The Magic Eden platform offers a launchpad for new NFT projects and customizable royalties, making it easier for creators to create and monetize their works.
The ME token is very important in the Magic Eden ecosystem and is used for governance, trading fee discounts, access to exclusive collections, etc.
In December 2024, Magic Eden announced a major airdrop to active users. In this article, we’ll go over the details of this airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.
What is Magic Eden?
Magic Eden, often referred to as ME, is a marketplace where you can buy, sell, and even mint NFTs (non-fungible tokens). It was first available on the Solana blockchain, but has since expanded to include Ethereum, Polygon, and Bitcoin. This support for multiple blockchains makes it easier for more creators and collectors to get involved while still remaining simple and user-friendly.
What can you do on Magic Eden?
Magic Eden is primarily a hub for all things NFT. The platform is designed to be fast, cost-effective, and easy to use. Let’s take a closer look at its main offerings.
Launchpad for new NFT projects
The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more users and connect with collectors.
A marketplace for trading
Magic Eden is the ideal platform if you’re looking to buy or sell NFTs. It’s designed to make trading simple, whether you’re new to NFTs or an experienced collector.
Customizable royalties
If you’re a creator, Magic Eden allows you to set up royalties, which are essentially a percentage you earn every time your NFT is resold. This allows you to continue earning money from your artwork over time.
Multi-blockchain compatibility
Magic Eden supports NFTs on multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin, so users are not limited to a single blockchain and can explore a wider variety of projects.
How Magic Eden works
Magic Eden leverages the underlying blockchain technology of Solana and other blockchains to facilitate fast, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing NFT, or trading collections, Magic Eden provides a simple and easy way to do so.
Le token ME
Magic Eden’s native cryptocurrency, the ME token, has different use cases within the ecosystem:
Governance: ME token holders can participate in decisions regarding platform updates or community policies.
Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.
Rewards: Magic Eden distributes ME tokens to incentivize activity on the platform, such as trading or campaign engagement.
According to official channels, ME tokenomics (token economic model) is designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.
Listing on Binance
On December 10, 2024, Binance listed Magic Eden (ME) with the Funding label. Binance applies this funding label to projects that are relatively new and likely to have higher volatility risks compared to other listed assets. At launch, the available Spot trading pairs were: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Airdrop de Magic Eden (ME)
Magic Eden has launched an airdrop campaign to reward active members of its community with ME tokens.
The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities such as NFT trading, issuing NFTs on the launchpad, cross-blockchain token swaps, and rune trading.
Eligible users were defined based on their history of interaction with Magic Eden, with higher rewards for those who were actively engaged in the marketplace.
The airdrop is part of Magic Eden’s strategy to strengthen its ecosystem. By rewarding active users, their goal is to retain them while increasing the adoption of the ME token as a utility and governance asset.
Magic Eden Airdrop Details
Recovery period: December 10, 2024 2:00 PM (UTC) to February 1, 2025 11:00 PM (UTC).
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)
Recovery page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit official pages.
How to get Magic Eden airdrop?
To check if you are eligible for the airdrop and claim your tokens, you need to connect all your eligible wallets to the official page before completing the process on the Magic Eden mobile app.
If you don’t have the Magic Eden app, you need to download it, install it and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:
Go to mefoundation.com and click on the [Claim $ME] button.
Then click on [Check Eligibility].
Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.
Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.
On the next screen, you can pair multiple wallets to check which ones are eligible for the airdrop.
The last step is to claim your airdrop using Magic Eden’s app, available for iOS and Android. You’ll need SOL in your wallet to pay the gas fee when you claim your airdrop.
Conclusion
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make buying, selling, and launching NFTs simple and accessible to everyone.
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