ME will be listed on Binance on December 10th at 23:00. Get ahead and understand the information layout!
The ME token is issued by the Magic Eden Foundation and was listed on Binance directly without prior on-chain trading, which is similar to the move that was launched yesterday. Those who can go directly to Binance are certainly strong! Everyone can look into it. My suggested strategy is still to position for a dip after the opening; in this market, a 99% chance to profit from the initial wave.
Purpose of Issuance
The total supply of ME tokens is 1 billion.
The ME token aims to promote cross-chain digital asset trading, further supporting the development of decentralized applications (DApps) for Web3 consumers, enhancing Magic Eden's cross-chain trading capabilities, providing users with a more convenient and efficient trading experience, and fostering innovation in the NFT and digital ownership sectors.
Application Scenarios
The ME token will serve as the ecosystem token for the Magic Eden platform and its related decentralized applications. Users can claim it through the Magic Eden Wallet. On the platform, the ME token can be used to incentivize users to trade various digital assets across multiple mainstream blockchain networks, and it may also be utilized to pay transaction fees and participate in platform governance. As the ecosystem develops, it is expected to be adopted by other third-party DApps for various scenarios in the future.
Project Background and Significance
Magic Eden, as a leading cross-chain NFT platform, has developed rapidly since its inception, with a total trading volume exceeding $6 billion, occupying an important position in the NFT market. The launch of the ME token is an important milestone in its development, marking the expansion into a broader blockchain ecosystem, helping to attract more users to participate in on-chain trading and promoting Web3 innovation.
Other Details
The ME Foundation manages the ME token and related open-source cross-chain trading protocol suite. As a community-owned utility token, ME holders can participate in promoting the adoption and development of the protocol and earn corresponding rewards while experiencing and using the protocol. However, I cannot find the official website, specific white paper, or any information on token economics in the official announcements! Please conduct your own research for specific details.