🚀Magic Eden Introduces $ME Tokenomics
#MagicEden has launched the $ME token to drive universal digital ownership and reward onchain activity.
Here's what you need to know:
$ME Tokenomics:
⚪️Total Supply: 1 billion $ME

⚪️Distribution Over 4 Years: Aligns community and team for long-term growth.
⚪️Initial Claim at TGE: 12.5% unlocked, distributed via ME’s mobile dApp.

⚪️Rewards #Bitcoin, #Solana, and #EVM users integral to the ME DAO.

⚪️Unclaimed tokens return to $ME stakers as future rewards.
Token Allocations:

⚪️Community & Ecosystem (37.7%)

⚪️Active User Rewards: 22.5% via ME’s rewards program.

⚪️Ecosystem Development: 15.2% for creators, grants, and liquidity provision.
⚪️Contributors (26.2%)
⚪️Tokens locked for at least 18 months post-TGE for core contributors.

⚪️Strategic Participants (23.6%)

⚪️Includes advisors and partners with a minimum 12-month lockup.

Why $ME Matters:
⚪️Incentivized Trading: Earn $ME by trading NFTs and tokens across all chains.

⚪️Staking Rewards: Stake $ME to earn further rewards.

⚪️Governance: Influence protocol development through ME DAO.
Magic Eden's Vision:

Building a cross-chain, mobile-native dApp for seamless token and NFT trading, aiming to make on-chain trading accessible to all.
More details on the rewards program and governance will follow post-TGE.🌟
Stay tuned for how $ME will reshape on-chain activity for users worldwide!