According to ChainCatcher, Binance will list Magic Eden (ME) on December 10, 2024, at 23:00 (UTC+8) and open spot trading pairs. With major exchanges soon to list ME, its price has shot up!
1. Token Introduction
Magic Eden is a leading NFT marketplace platform known for its intuitive user interface, multi-chain support (including Solana, Bitcoin, Ethereum), high trading volume and market share, as well as its emphasis on community and ecosystem. It maintains a competitive edge in the NFT space through technological innovation and community engagement strategies (such as airdrops), successfully providing users with a multifunctional and efficient trading platform.
Magic Eden is a multi-chain NFT trading marketplace created by a team with a Chinese background, established on the Solana chain in 2021, and quickly expanded to support the Ethereum (ETH), Polygon, BASE, and Bitcoin (BTC) ecosystems. Despite the decline in the NFT market, Magic Eden has successfully captured a major market share on the Solana chain through rapid product iteration and rich functionality.
2. Token Details
As of the deadline, ME's current price is $6.96, with a 24-hour increase of 60.23%. At 4 PM, ME broke $5.7, with a 24-hour increase of 24.91%, and the quoted price at that time was $5.73. ME's highest price was $7.4507, while its lowest price was $3.1200.
According to Odaily Planet Daily, OKX market data shows that ME has risen to 7.45 USDT in pre-market trading and is currently priced at 7.18 USDT, with a 24H increase of 55.75%.
Currently, with ME tokens set to be listed on multiple exchanges such as Binance and OKX, the price of ME tokens has been driven up, surpassing $7.45!
3. Token Distribution
The total supply of ME is 1 billion tokens, with the specific distribution as follows:
1. Initial Token Airdrop: 12.5 million tokens, accounting for 12.5% of the total supply. This portion will reward users from the Bitcoin, Solana, and EVM ecosystems, and will be fully unlocked at the TGE, distributed to users through Magic Eden's mobile dApp. Unclaimed amounts will be part of community distribution and returned to ME participants as future rewards.
2. Community and Ecosystem: 37.7 million tokens, accounting for 37.7% of the total supply, with 22.5% of the total supply allocated to reward active users of the ME protocol, primarily through reward programs.
3. Remaining 15.2% of the total supply: This will be used for ecosystem development, including enthusiastic advocates and creators who wish to develop and support the protocol.
4. Contributors: 26.2 million tokens, accounting for 26.2% of the total supply. This portion will be allocated to project contractors, advisors, and company employees, with over 60% of the tokens in this portion locked for at least 18 months after the TGE, and will subsequently be unlocked linearly.
5. Strategic Participants: 23.6 million tokens, accounting for 23.6% of the total supply. This portion is allocated to all strategic participants who provided significant guidance during the formulation of the ME Foundation protocol, and this portion will be locked for at least 12 months after the TGE, and will subsequently be unlocked linearly.
ME will be fully distributed within 4 years, at which point all ME will be in circulation, with most allocated to the community. To ensure that the community and protocol are protected from security issues, a security committee consisting of 5 members will be appointed to oversee a multi-signature wallet capable of executing emergency and delayed non-emergency actions. The ME Foundation will serve as the manager of ME. ME holders can earn further rewards from staking.
As can be seen, ME is about to be listed on exchanges like Binance and OKX, and its price has been driven up. Let's look forward to its impressive performance ahead!
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with relevant laws and regulations in your area. Investment is at your own risk.
