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Key points
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
Magic Eden offers a Launchpad for launching new NFT projects and customizable royalties, making development and monetization easier.
The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, discounts on trading fees, access to unique collections, and much more.
In December 2024, Magic Eden announced a major airdrop for active users. In this article, we will discuss the details of the airdrop and how to check eligibility and claim ME tokens.
What is Magic Eden
Magic Eden, or ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). Initially, it only supported the Solana blockchain but then expanded to include Ethereum, Polygon, and Bitcoin. Supporting multiple blockchains attracts more developers and collectors, as well as simplifies many processes.
How to use Magic Eden
Magic Eden is a hub for everything related to NFTs. It is fast, cost-effective, and user-friendly. Let’s explore its main offerings.
Platform for launching new NFT projects
The Launchpad is designed for developers who want to create and promote their NFT projects. It helps draw attention to the project and connect with collectors.
Marketplace for trading
Magic Eden also helps buy or sell NFTs. Easy trading on the marketplace is suitable for both NFT newcomers and experienced collectors.
Customizable royalties
Magic Eden allows customizing royalties—the percentage that creators earn upon resale of their NFTs. This ensures that creators continue to earn after launch.
Support for multiple blockchains
Magic Eden supports NFTs on multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This gives users access to a broader range of projects.
How Magic Eden works
Magic Eden offers fast and inexpensive transactions by utilizing the underlying technology of blockchain Solana and other blockchains. Users interact with the marketplace through crypto wallets such as Trust Wallet and Phantom. Magic Eden makes it easy and convenient to create new NFTs, buy existing NFTs, or trade collections.
ME Token
The native cryptocurrency of Magic Eden, the ME token, has several use cases within the ecosystem:
Governance: ME token holders participate in decisions regarding platform upgrades and community policy.
Services: the token can be used for discounts on trading fees and exclusive access to certain NFT features or collections.
Rewards: Magic Eden rewards users with ME tokens for activity on the platform, such as trading and participating in promotions.
According to official information, ME tokenomics rewards active participation while preserving resources for community initiatives and partnerships. The developers aim to create a sustainable ecosystem for users and participants.
Listing on Binance
On December 10, 2024, Magic Eden (ME) underwent a listing on Binance with a Seed tag. Binance applies the Seed tag to relatively new projects with higher volatility risks compared to other assets. At launch, ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY spot trading pairs were available.
Magic Eden (ME) Airdrop
Magic Eden launched a promotion with ME token airdrops to reward active community participants.
The goal of the airdrop is to distribute ME tokens among users who contributed to the platform through NFT trading, creating NFTs, cross-chain token swaps, and trading Runes.
Winners are determined based on their interaction history with Magic Eden. The largest rewards will go to the most active participants.
This airdrop is part of Magic Eden's strategy to strengthen the ecosystem. By rewarding active users, the team aims to enhance loyalty and adoption of the ME token as a utility asset and governance asset.
Details of the Magic Eden Airdrop
Claim Period: 14:00 UTC December 10, 2024 — 23:00 UTC February 1, 2025.
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan).
Claim page: mefoundation.com. Beware of fake sites and scammers. Only visit official pages.
How to claim the Magic Eden airdrop
First, check your eligibility: connect qualified wallets to the official page before completing the process in the Magic Eden mobile app.
If you do not have the Magic Eden app, it must be installed and import the crypto wallet you used on the Magic Eden platform. If the app is already available, follow these steps:
Go to mefoundation.com and click 'Claim $ME'.
Next, click 'Check Eligibility'.
Scan the QR code in the Magic Eden app and connect qualified wallets. Multiple wallets can be connected.
Review the terms and conditions. If you agree and are in a country with permitted access, check the box to proceed.
Next, you can link multiple wallets and check which of them qualify for the airdrop.
The final step is to claim the airdrop in the Magic Eden app, which is available for iOS and Android. A small amount of SOL will be needed to pay for gas when claiming the airdrop.
In conclusion
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains, such as Solana, Ethereum, Polygon, and Bitcoin. It provides a platform for launching new projects, easy trading, customizable royalties, and the ME token for governance and rewards. Magic Eden aims to make buying, selling, and launching NFTs simple and accessible for everyone.
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