Magic Eden ($ME ) is the native token of the Magic Eden platform, one of the leading NFT marketplaces today. Initially, Magic Eden was built on the Solana blockchain and later expanded to Ethereum, Polygon, and Bitcoin. Below is detailed information about the $ME token and its ecosystem:

Overview of ME Token

  • Token Name: Magic Eden (ME).

  • Blockchain: Solana (according to SPL-20 standard).

  • Total Supply: 1 billion ME.

  • Main Utility:

    • Staking: Earn rewards.

    • Governance: Participate in voting and development direction through Magic Eden's DAO.

    • Rewards: Receive ME when trading and participating in activities on the platform.

Key Features of Magic Eden

  1. Multi-Chain Support: Magic Eden allows NFT trading across multiple blockchains such as Bitcoin, Solana, Ethereum, and Polygon, aiming to become a global digital asset trading platform.

  2. Creative Services:

    • Launchpad: Supporting newly launched NFT projects and attracting attention.

    • Gaming NFTs: Supporting NFT trading in gaming projects.

    • Music & Art: Supporting artists to monetize their creations through royalties.

  3. Reward System: Users receive $ME when participating in trades or events on the platform.

  4. Community Governance: ME holders can contribute input on the platform's strategic decisions through DAO. Token Allocation

  • Community & Ecosystem: 50.2% (including airdrop and ecosystem development).

  • Developers & Strategic Partners: 49.8% (for the team, advisors, and strategic partners).

Vision and Roadmap

Magic Eden aims to simplify digital asset transactions with a user-friendly experience on both desktop and mobile platforms. With a focus on NFTs, gaming, and cross-chain trading, Magic Eden is expected to become the innovation hub of Web3.

#MEcoin

#MagicEden