#ME
Magic Eden — a decentralized NFT marketplace built on the Solana blockchain, which is rapidly gaining popularity due to its high transaction processing speed and low fees, capturing over 90% of the NFT trading volume on Solana. Over time, the platform has expanded its presence, supporting NFTs on Ethereum, Polygon, and Bitcoin.
Binance listed Magic Eden (ME) and opened trading on 10.12.2024, but trading it is riskier than usual. Its price is likely to be subject to high volatility.
As a result of the distribution, 12.5% of the total supply has been allocated. Over time, the community will receive 50.2% of the total number of tokens.
The purpose of the ME token is:
1️⃣ Supporting decentralized applications (DApps): encouraging innovation for Web3 users.
2️⃣ Enabling cross-chain trading: enhancing the Magic Eden trading platform.
3️⃣ Increasing trading efficiency.
4️⃣ Promoting NFT innovation: stimulating growth in the NFT and digital ownership space.