👉👉Highly Anticipated Airdrop Distribution Date Announced: Here’s Everything You Need to Know 👈👈

The ME Foundation has announced the launch of ME, a new ecosystem token based on Solana, in conjunction with popular NFT marketplace Magic Eden.

The highly anticipated airdrop, scheduled for December 10, could reach a value of more than $500 million based on previously determined market prices.

The ME token will reward users on Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. Claims will be accessible only through the Magic Eden Wallet app.

While details on how the platform’s existing loyalty rewards system, Magic Eden Diamonds, will be converted into ME tokens have not yet been finalized, a spokesperson noted that airdrop distributions will consider factors such as “organic trading activity, cross-chain trading, and user loyalty.” Eligible users will be able to check their airdrop status using a tool ahead of the token claim date.

During the airdrop, 12.5% ​​of the total ME supply (approximately 125 million tokens) will be available for users to request. In addition, 22.5% of the 1 billion token supply will be reserved to encourage the continued use of the ME ecosystem and related platforms.

The ME token recently reached $4.50 per token on pre-market platforms such as Whales Market, calculating the total value of the airdrop at $562 million. On Coinbase's pre-market trading platform, the token price dropped to $3.41. Although trading volumes have decreased after the detailed mechanisms for the airdrop were announced, expectations are still high.

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