$ME $SOL Magic Eden, a leading NFT marketplace, has officially launched its native token, Magic Eden Token (ME). This long-anticipated release marks a significant milestone for the platform, which aims to revolutionize the Web3 and NFT space. The ME token is designed to enhance community engagement, incentivize marketplace activities, and foster long-term loyalty among its users.
Key Highlights of ME Token:
• Token Distribution: The ME token supply starts with 250 million tokens and will gradually increase to 750 million over 18 months. The community will receive 50.2% of the tokens through airdrops, trading rewards, and ecosystem initiatives over the next four years.
• Utility and Rewards: ME will serve as a utility token, offering rewards for platform activities, such as trading NFTs and holding Diamonds—a loyalty program asset issued by Magic Eden. The rewards and token distribution will be accessible via the native Magic Eden wallet.
• Blockchain Integration: While based on the Solana blockchain, Magic Eden remains multi-chain, supporting Ethereum, Polygon, and Bitcoin Ordinals. This integration reinforces its dominance in the NFT space, capturing over 80% of Bitcoin Ordinals’ trading activity.
• Backed by Success: With $159 million raised across multiple funding rounds, Magic Eden solidifies its position as a major player in Web3, driving innovation and rewarding its loyal users.
The ME token promises to reshape how users interact with NFTs and rewards, fostering stronger ties between the platform and its community. This release also highlights Magic Eden’s ambition to lead the decentralized NFT ecosystem while maintaining a fair and transparent reward structure.
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